RELX PLC - SPON ADR (RELX) Stock Technical Analysis
USA - NYSE:RELX - US7595301083 - ADR
Taking everything into account, RELX scores 0 out of 10 in our technical rating. RELX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
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43.79
When analyzing the support we notice one important area.
- A support zone ranging from 44.23 to 44.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 45.58 to 47.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.69 to 49.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @51.91 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 | 18.39 | NEGATIVE | RELX has a low relative strength, it was outperformed by 81.61% 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) | 36.38 | NEUTRAL | The RSI value for RELX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests RELX has a negative trend. |
| Stochastics (14,3) | 7.7 | OVERSOLD | The low Stochastics value suggests RELX may be oversold. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for RELX suggests low volalility. |
| Average Directional Index/ADX (14) | 17.8 | NEGATIVE | The low ADX value for RELX suggests a weak or negative trend. |
44.24
-0.13 (-0.29%)
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 trend direction for RELX stock?
The current trend direction for RELX PLC - SPON ADR (RELX) is Bearish.
Can you provide the RSI signal for RELX PLC - SPON ADR?
RELX PLC - SPON ADR (RELX) has an RSI value of 36.3816. This indicates that the stock is currently neutral.
What is the MACD signal for RELX stock?
The MACD indicator for RELX PLC - SPON ADR (RELX) has a value of -0.103983, indicating a bearish trend.
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.