RLX TECHNOLOGY INC-ADR (RLX) Technical Analysis
NYSE:RLX • US74969N1037
Current stock price
RLX Technical Rating and Analysis
Overall RLX gets a technical rating of 1 out of 10. RLX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- RLX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- RLX is one of the better performing stocks in the Tobacco industry, it outperforms 71% of 8 stocks in the same industry.
- RLX has an average volume of 2694170 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 53% 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 Weekly and Daily overview Charts
RLX Setup Rating and Analysis
RLX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.13, a Stop Loss order could be placed below this zone.
More info and screens
RLX Support and Resistance Analysis
1.85
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.11 to 2.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.87 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.27 to 2.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.43 to 2.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.51 from a horizontal line in the daily time frame.
RLX Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for RLX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RLX is down. |
| ChartMill Relative Strength | 53.14 | NEUTRAL | RLX is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of RLX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.04 | 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. |
| Stochastics (14,3) | 36.82 | NEUTRAL | The Stochastics value for RLX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for RLX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.91 | NEGATIVE | The low ADX value for RLX suggests a weak or negative trend. |
RLX Chart- and CandleStick Pattern Analysis
RLX Technicals: Chart, Performance Metrics, Trend & Indicators
2.19
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RLX TECHNOLOGY INC-ADR / RLX TA FAQ
What is the technical rating for RLX stock?
ChartMill assigns a technical rating of 1 / 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 TECHNOLOGY INC-ADR (RLX) stock?
RLX TECHNOLOGY INC-ADR (RLX) has an RSI value of 45.042. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RLX TECHNOLOGY INC-ADR?
The MACD indicator for RLX TECHNOLOGY INC-ADR (RLX) has a value of 0.000458806, indicating a bearish trend.
What is the buy/sell signal for RLX TECHNOLOGY INC-ADR (RLX) stock?
The buy/sell signal for RLX TECHNOLOGY INC-ADR (RLX) is sell as both the short term and long term trends are negative.