RLX TECHNOLOGY INC-ADR (RLX) Stock Technical Analysis
USA - NYSE:RLX - US74969N1037 - ADR
2.53 USD
0 (0%)
2.53 USD
0 (0%)
We assign a technical rating of 10 out of 10 to RLX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RLX is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that RLX is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, RLX also shows a nice and consistent pattern of rising prices.
RLX is part of the Tobacco industry. There are 8 other stocks in this industry. RLX outperforms 85% of them.
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.
RLX has an average volume of 3051980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month RLX has a been trading in the 2.33 - 2.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, RLX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
1.76
2.65
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.52 to 2.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.26 to 2.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.21 from a horizontal line in the daily time frame.
- Support @2.10 from a horizontal line in the daily time frame.
- Support @1.78 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.56 to 2.62. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for RLX is neutral. |
| ChartMill Relative Strength | 86.46 | POSITIVE | RLX has a high relative strength, it outperformed 86.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RLX is below 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) | 53.55 | NEUTRAL | The RSI value for RLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RLX has a negative trend. |
| Stochastics (14,3) | 17.34 | OVERSOLD | The low Stochastics value suggests RLX may be oversold. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for RLX suggests some volalility. |
| Average Directional Index/ADX (14) | 46.86 | 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 |
|---|---|---|---|
| 2.63 | 2.51 | 0.12 (4.56%) | 21.92% |
| An entry @2.63. This is a Buy Stop order right above the resistance zone. | An exit @2.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.12 points, which is 4.56%. | For a 1.00% total portfolio risk, you can invest 21.92% of your capital in this trade. |
- 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.
2.53
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryTobacco
Performance
% Chg0%
1 Week-2.69%
2 Weeks-8.99%
1 Month5.42%
3 Month13.96%
6 Month32.46%
12 Month50.6%
2 Year67.55%
3 Year140.95%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.74%
ATR Inc-32.26%
Range Today0.05
ADR(20)0.09
ADR(20)%3.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.46
Mansfield0.84
10 Day High2.74
10 Day Low2.48
20 Day High2.84
20 Day Low2.34
52 Week High2.84
52 Week Low1.57
CS1 End2.52
CR1 Start2.56
Volume & EV
DER(3)0.34%
DER(5)2.67%
Volume3.84M
Volume Incr-15.36%
Vol(5)3.53M
Vol(50)3.05M