RS Forecast + Trading Strategies


Bullish Case: Despite minor declines, RS's historical growth, mean-reverting patterns, and flat volatility suggest continued resilience and potential upside. Recent AI forecast indicates slight bullish momentum.


Bearish Case: Recent insider sales, higher volume in puts, and negative correlation between AI forecasts and actual prices raise concerns of a downturn. Market conditions show potential for significant volatility.


Potential Outcomes:

1) RS uptrend continues (45%) due to sector growth and mean-reversion.

2) RS experiences short-term volatility, leading to flat performance (35%).

3) Decline due to market conditions or insider actions (20%).


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June 19, 2024


Reliance Steel & Aluminum Forecast

RS      Reliance Steel & Aluminum












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