RLX TECHNOLOGY INC-ADR (RLX) Stock Technical Analysis
NYSE:RLX - New York Stock Exchange, Inc. - US74969N1037 - ADR - Currency: USD
Taking everything into account, RLX scores 7 out of 10 in our technical rating. In the last year, RLX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
RLX is one of the lesser performing stocks in the Tobacco industry. 85% of 8 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
RLX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
RLX has an average volume of 4695500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, RLX outperforms 64% of them, which is more or less in line with the market.
RLX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RLX is lagging the market slightly.
RLX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.15, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
1.69
2.23
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.14 to 2.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.02 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.71 to 1.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.16 to 2.21. 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 | 64.62 | NEUTRAL | RLX is not amongst the best or worst performers 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) | 66.54 | NEUTRAL | The RSI value for RLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.68 | NEUTRAL | The Stochastics value for RLX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for RLX suggests some volalility. |
| Average Directional Index/ADX (14) | 38.16 | 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)
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 |
|---|---|---|---|
| 2.22 | 2.13 | 0.09 (4.05%) | 24.67% |
| An entry @2.22. This is a Buy Stop order right above the resistance zone. | An exit @2.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.09 points, which is 4.05%. | When investing 24.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RLX. Please evaluate whether better entry and exit points can be found.
- 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.
2.15
-0.04 (-1.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryTobacco
Performance
% Chg-1.83%
1 Week0%
2 Weeks4.37%
1 Month10.26%
3 Month-4.87%
6 Month7.5%
12 Month18.13%
2 Year21.47%
3 Year0.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%3.31%
ATR Inc-22.97%
Range Today0.03
ADR(20)0.07
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.62
Mansfield0.79
10 Day High2.28
10 Day Low2.04
20 Day High2.28
20 Day Low1.94
52 Week High2.69
52 Week Low1.5
CS1 End2.15
CR1 Start2.16
Volume & EV
DER(3)-2.91%
DER(5)0.3%
Volume2.05M
Volume Incr-13.53%
Vol(5)3.83M
Vol(50)4.70M