RLX TECHNOLOGY INC-ADR (RLX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RLX - US74969N1037 - ADR
Taking everything into account, RLX scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 63% 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 2.20 - 2.39 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 1960770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
Although the technical rating is bad, RLX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.25, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RLX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.82
We found 2 important support areas.
- A support zone ranging from 2.22 to 2.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.84 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.28 to 2.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.34 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 2.58 to 2.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.64 from a horizontal line 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 | 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 | 37.12 | 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) | UP | POSITIVE | The current price of RLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.73 | 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) | 45.61 | NEUTRAL | The Stochastics value for RLX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for RLX suggests some volalility. |
| Average Directional Index/ADX (14) | 9.62 | NEGATIVE | The low ADX value for RLX suggests a weak or negative trend. |
2.27
-0.04 (-1.73%)
RLX TECHNOLOGY INC-ADR / RLX FAQ
What is the technical rating for RLX stock?
ChartMill assigns a technical rating of 0 / 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 43.7307. 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 negative.
What is the support and resistance level for RLX stock?
RLX TECHNOLOGY INC-ADR (RLX) has a support level at 2.25 and a resistance level at 2.28. Check the full technical report for our detailed analysis of RLX support and resistance levels.