RLX TECHNOLOGY INC-ADR (RLX) Stock Technical Analysis
NYSE:RLX • US74969N1037
Overall RLX gets a technical rating of 2 out of 10. RLX'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.
- 73% of all other stocks performed better in the past year than RLX.
- RLX is part of the Tobacco industry. There are 8 other stocks in this industry, of which 85% are performing better than RLX.
- In the last month RLX has a been trading in the 2.23 - 2.46 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- RLX has an average volume of 2133130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- RLX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RLX is lagging the market.
RLX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 2.34, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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3 important support areas can be observed.
- A support zone ranging from 2.29 to 2.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.22 to 2.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.85 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.36 to 2.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.45 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.61 to 2.62. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for RLX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RLX is neutral. |
| ChartMill Relative Strength | 27.74 | NEGATIVE | RLX has a low relative strength, it was outperformed by 72.26% 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) | DOWN | MIXED | The current price of RLX is above a declining 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) | 50.43 | NEUTRAL | The RSI value for RLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.6 | NEUTRAL | The Stochastics value for RLX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for RLX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.85 | NEUTRAL | The ADX value for RLX suggests a possible start of a new trend. |
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RLX TECHNOLOGY INC-ADR / RLX FAQ
What is the technical rating for RLX stock?
ChartMill assigns a technical rating of 2 / 10 to RLX.
Can you provide the trend direction for RLX TECHNOLOGY INC-ADR?
The current trend direction for RLX TECHNOLOGY INC-ADR (RLX) is Bearish.
What is the RSI signal for RLX stock?
RLX TECHNOLOGY INC-ADR (RLX) has an RSI value of 50.4309. This indicates that the stock is currently neutral.
What is the short term momentum for RLX TECHNOLOGY INC-ADR (RLX) stock?
The short term momentum for RLX TECHNOLOGY INC-ADR (RLX) is neutral.
What is the support and resistance level for RLX stock?
RLX TECHNOLOGY INC-ADR (RLX) has a support level at 2.34 and a resistance level at 2.36. Check the full technical report for our detailed analysis of RLX support and resistance levels.