Remitly Global, Inc. stock posted strong Q2 results: revenue rose 20.2% to $495.2 million and adjusted EBITDA hit a record $115 million. Yet RELY closed at 24.42 after reaching 26.28, finishing near the session low — a warning candle.

Key takeaways

• Remitly Global, Inc. stock beat Q2 estimates with revenue of $495.2 million, up 20.2% year on year.
• Adjusted EBITDA reached a record $115 million at a 23% margin.
• RELY closed at 24.42 on 7 August after hitting an intraday high of 26.28, forming a bearish reversal candle.
• The daily trend remains bullish above the 20-day EMA at 23.72, but the 1H chart has turned defensive.
• Key levels: reclaiming 24.98 would restore the…