RELX PLC - SPON ADR (RELX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RELX - US7595301083 - ADR
Overall RELX gets a technical rating of 0 out of 10. RELX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of RELX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
39.08
When analyzing the support we notice one important area.
- A support zone ranging from 39.47 to 39.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 40.57 to 42.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @45.60 from a trend line in the daily time frame.
- Resistance @47.31 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for RELX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RELX is down. |
| ChartMill Relative Strength | 21.16 | NEGATIVE | RELX has a low relative strength, it was outperformed by 78.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RELX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RELX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RELX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.8 | NEUTRAL | The RSI value for RELX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests RELX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.58 | NEUTRAL | The Stochastics value for RELX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for RELX suggests low volalility. |
| Average Directional Index/ADX (14) | 17.61 | NEGATIVE | The low ADX value for RELX suggests a weak or negative trend. |
39.8
-0.62 (-1.53%)
RELX PLC - SPON ADR / RELX FAQ
What is the ChartMill technical rating of RELX PLC - SPON ADR (RELX) stock?
ChartMill assigns a technical rating of 0 / 10 to RELX.
What is the current trend direction of RELX PLC - SPON ADR (RELX) stock?
The current trend direction for RELX PLC - SPON ADR (RELX) is Bearish.
What is the RSI signal for RELX PLC - SPON ADR (RELX) stock?
RELX PLC - SPON ADR (RELX) has an RSI value of 36.8026. This indicates that the stock is currently neutral.
What is the buy/sell signal for RELX PLC - SPON ADR (RELX) stock?
The buy/sell signal for RELX PLC - SPON ADR (RELX) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for RELX PLC - SPON ADR?
RELX PLC - SPON ADR (RELX) has a support level at 39.79 and a resistance level at 40.57. Check the full technical report for our detailed analysis of RELX support and resistance levels.