RELX PLC - SPON ADR (RELX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RELX - US7595301083 - ADR
Taking everything into account, RELX scores 2 out of 10 in our technical rating. In the past year, RELX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of RELX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
39.08
2 important support areas can be observed.
- A support zone ranging from 41.15 to 41.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 43.15 to 43.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @45.44 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 | UP | POSITIVE | The short term trend for RELX is up. |
| ChartMill Relative Strength | 23.62 | NEGATIVE | RELX has a low relative strength, it was outperformed by 76.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RELX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RELX is above 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) | 64.69 | NEUTRAL | The RSI value for RELX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests RELX has a positive trend. |
| Stochastics (14,3) | 84.21 | OVERBOUGHT | The high Stochastics value suggests RELX may be overbought. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for RELX suggests low volalility. |
| Average Directional Index/ADX (14) | 18.08 | NEGATIVE | The low ADX value for RELX suggests a weak or negative trend. |
43.14
+0.79 (+1.87%)
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 2 / 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 64.6915. 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 hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for RELX PLC - SPON ADR?
RELX PLC - SPON ADR (RELX) has a support level at 41.53 and a resistance level at 43.15. Check the full technical report for our detailed analysis of RELX support and resistance levels.