Reliance Steel & Aluminum Co (RS)
Reliance Steel & Aluminum Co. (RS) is a leading metal service center serving a diversified customer base across various industries, including construction, automotive, aerospace, and manufacturing. Headquartered in Los Angeles, California, Reliance operates a vast network of subsidiaries offering a wide range of metal products and value-added services, which enhance supply chain efficiency and customer satisfaction. The company's robust acquisition strategy and commitment to operational excellence position it as a key player in the metals distribution sector, making it a compelling investment opportunity for institutional investors seeking stability and growth in the industrial space.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 3.56% per annum.
- RS price at the close of February 13, 2026 was $343.43 and was higher than the top border of the primary price channel by $8.00 (2.38%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 187.10% per annum.
- RS price at the close of February 13, 2026 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of RS price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: June 23, 2023
End date: January 14, 2026
a = 5.5186
b = 0.0001
s = 0.0611
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 3.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0611) – 1
= 27.71%
June 23, 2023 calculations
Top border of price channel:
Exp(Y592)
= Exp(a + b × X592 + 2 × s)
= Exp(a + b × 857 + 2 × s)
= Exp(5.5186 + 0.0001 × 857 + 2 × 0.0611)
= Exp(5.7229)
= $305.79
Bottom border of price channel:
Exp(Y592)
= Exp(a + b × X592 – 2 × s)
= Exp(a + b × 857 – 2 × s)
= Exp(5.5186 + 0.0001 × 857 – 2 × 0.0611)
= Exp(5.4783)
= $239.45
January 14, 2026 calculations
Top border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 + 2 × s)
= Exp(a + b × 1,793 + 2 × s)
= Exp(5.5186 + 0.0001 × 1,793 + 2 × 0.0611)
= Exp(5.8126)
= $334.47
Bottom border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 – 2 × s)
= Exp(a + b × 1,793 – 2 × s)
= Exp(5.5186 + 0.0001 × 1,793 – 2 × 0.0611)
= Exp(5.5680)
= $261.91
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 3.56% per annum.
- RS price at the close of February 13, 2026 was $343.43 and was higher than the top border of the primary price channel by $8.00 (2.38%).
Secondary Trend
Start date: November 10, 2025
End date: February 13, 2026
a = 0.5802
b = 0.0029
s = 0.0216
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0029) – 1
= 187.10%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0216) – 1
= 9.01%
November 10, 2025 calculations
Top border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 + 2 × s)
= Exp(a + b × 1,728 + 2 × s)
= Exp(0.5802 + 0.0029 × 1,728 + 2 × 0.0216)
= Exp(5.6163)
= $274.88
Bottom border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 – 2 × s)
= Exp(a + b × 1,728 – 2 × s)
= Exp(0.5802 + 0.0029 × 1,728 – 2 × 0.0216)
= Exp(5.5300)
= $252.16
February 13, 2026 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(0.5802 + 0.0029 × 1,823 + 2 × 0.0216)
= Exp(5.8908)
= $361.71
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(0.5802 + 0.0029 × 1,823 – 2 × 0.0216)
= Exp(5.8045)
= $331.80
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 187.10% per annum.
- RS price at the close of February 13, 2026 was inside the secondary price channel.