Remitly Global, Inc. stock Analysis: Q2 Earnings Beat and Warning

Remitly Global, Inc. reported strong Q2 results with revenue up 20.2% to $495.2 million and record adjusted EBITDA of $115 million. Despite this, the stock (RELY) closed lower at $24.42 after hitting an intraday high of $26.28, forming a bearish reversal candle. While the daily trend remains bullish, shorter-term charts show signs of weakening momentum and increased volatility, indicating a conflict between strong fundamentals and technical price action.