RLX TECHNOLOGY INC-ADR (RLX) Stock Technical Analysis
NYSE:RLX - New York Stock Exchange, Inc. - US74969N1037 - ADR - Currency: USD
We assign a technical rating of 8 out of 10 to RLX. In the last year, RLX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, RLX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 2.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.23, a Stop Loss order could be placed below this zone.
More info and screens
1.70
We found 3 important support areas.
- A support zone ranging from 2.22 to 2.23. 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 2.08 to 2.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.72 to 1.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.47 to 2.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for RLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RLX is up. |
| ChartMill Relative Strength | 85 | POSITIVE | RLX has a high relative strength, it outperformed 85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.03 | NEUTRAL | The RSI value for RLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RLX has a negative trend. |
| Stochastics (14,3) | 45.61 | NEUTRAL | The Stochastics value for RLX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for RLX suggests some volalility. |
| Average Directional Index/ADX (14) | 41.37 | POSITIVE | The high ADX value value for RLX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.51 | 2.21 | 0.30 (11.95%) | 8.37% |
| An entry @2.51. This is a Buy Stop order right above the resistance zone. | An exit @2.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.30 points, which is 11.95%. | For a 1.00% total portfolio risk, you can invest 8.37% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:RLX (7/14/2025, 3:57:08 PM)
2.355
+0.08 (+3.74%)