RLX TECHNOLOGY INC-ADR (RLX) Stock Technical Analysis
USA - NYSE:RLX - US74969N1037 - ADR
Taking everything into account, RLX scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, RLX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.41, a Stop Loss order could be placed below this zone.
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1.78
We found 4 important support areas.
- A support zone ranging from 2.37 to 2.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.31 from a horizontal line in the daily time frame.
- Support @2.10 from a horizontal line in the daily time frame.
- Support @1.80 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.44 to 2.50. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for RLX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RLX is neutral. |
| ChartMill Relative Strength | 86.18 | POSITIVE | RLX has a high relative strength, it outperformed 86.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RLX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RLX is below 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) | 49.52 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 33.73 | NEUTRAL | The Stochastics value for RLX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for RLX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.95 | NEUTRAL | The ADX value for RLX suggests a possible start of a new 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 | 2.36 | 0.15 (5.98%) | 16.73% |
| An entry @2.51. This is a Buy Stop order right above the resistance zone. | An exit @2.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.15 points, which is 5.98%. | For a 1.00% total portfolio risk, you can invest 16.73% 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.
2.43
+0.03 (+1.25%)
RLX TECHNOLOGY INC-ADR / RLX FAQ
What is the technical rating for RLX stock?
ChartMill assigns a technical rating of 7 / 10 to RLX.
What is the current trend direction of RLX TECHNOLOGY INC-ADR (RLX) stock?
The current trend direction for RLX TECHNOLOGY INC-ADR (RLX) is Bullish.
What is the RSI signal for RLX stock?
RLX TECHNOLOGY INC-ADR (RLX) has an RSI value of 49.5173. 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.