RLX TECHNOLOGY INC-ADR (RLX) Technical Analysis
NYSE:RLX • US74969N1037
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.
- When comparing the yearly performance of all stocks, RLX is a bad performer in the overall market: 70% of all stocks are doing better.
- In the last month RLX has a been trading in the 2.19 - 2.46 range, which is quite wide. It is currently trading near the lows of this range.
- RLX has an average volume of 2386090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- RLX is an average performer in the Tobacco industry, it outperforms 42% of 8 stocks in the same industry.
- 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.
RLX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.23, a Stop Loss order could be placed below this zone.
More info and screens
1.84
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.22 to 2.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.30 to 2.38. 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.
- Resistance @2.61 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for RLX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RLX is down. |
| ChartMill Relative Strength | 30.98 | 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 | MIXED | The current price of RLX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.68 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 21.57 | NEUTRAL | The Stochastics value for RLX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for RLX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.47 | NEUTRAL | The ADX value for RLX suggests a possible start of a new trend. |
RLX Technicals: Chart, Performance Metrics, Trend & Indicators
2.25
-0.01 (-0.44%)
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 40.6753. 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 2.23 and a resistance level at 2.3. Check the full technical report for our detailed analysis of RLX support and resistance levels.