RLX TECHNOLOGY INC-ADR (RLX) Stock Technical Analysis
NYSE:RLX - US74969N1037 - ADR
2.54 USD
+0.07 (+2.83%)
2.52 USD
-0.02 (-0.79%)
Taking everything into account, RLX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RLX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RLX did better than 88% of all other stocks.
RLX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RLX is lagging the market slightly.
In the last month RLX has a been trading in the 2.11 - 2.60 range, which is quite wide. It is currently trading near the high of this range.
RLX has an average volume of 3029790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RLX is part of the Tobacco industry. There are 8 other stocks in this industry, RLX did better than 57% of them.
Volume is considerably higher in the last couple of days.
Although RLX has an excellent technical rating, it does not present a decent entry opportunity 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
1.75
2.57
4 important support areas can be observed.
- A support zone ranging from 2.25 to 2.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.18 to 2.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.10 from a horizontal line in the daily time frame.
- Support @1.77 from a trend line in the weekly 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 | 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 | 88.51 | POSITIVE | RLX has a high relative strength, it outperformed 88.51% 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) | 79.05 | OVERBOUGHT | The high RSI value suggests RLX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RLX has a positive trend. |
| Stochastics (14,3) | 86.13 | OVERBOUGHT | The high Stochastics value suggests RLX may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for RLX suggests some volalility. |
| Average Directional Index/ADX (14) | 34.89 | POSITIVE | The high ADX value value for RLX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.54
+0.07 (+2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryTobacco
Performance
% Chg2.83%
1 Week5.83%
2 Weeks19.25%
1 Month13.39%
3 Month23.3%
6 Month2.01%
12 Month50.3%
2 Year66.01%
3 Year77.62%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.05%
ATR Inc76.81%
Range Today0.15
ADR(20)0.07
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.51
Mansfield1.49
10 Day High2.6
10 Day Low2.13
20 Day High2.6
20 Day Low2.11
52 Week High2.69
52 Week Low1.57
CS1 End2.28
CR1 StartN/A
Volume & EV
DER(3)1.65%
DER(5)1.08%
Volume6.33M
Volume Incr56.17%
Vol(5)4.16M
Vol(50)3.03M