RLX TECHNOLOGY INC. ADS - 15 min. - Technical analysis published on 11/06/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 1.68 USD
My targets
1.63 USD (-1.81%)
1.60 USD (-3.61%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.68 USD remains possible. It is advisable to trade RLX TECHNOLOGY INC. ADS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.68 USD. The next bearish objective for sellers is set at 1.63 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.60 USD. In case of crossing, the next objective would be the support located at 1.55 USD. PS: if there is a bullish break in the resistance located at 1.68 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.8
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This analysis was given by unnicum. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RLX TECHNOLOGY INC. ADS rating is 1.66 USD. The price registered a decrease of -1.19% on the session with the lowest point at 1.65 USD and the highest point at 1.73 USD. The deviation from the price is +0.61% for the low point and -4.05% for the high point.1.65
1.73
1.66
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RLX TECHNOLOGY INC. ADS:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of RLX TECHNOLOGY INC. ADS indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Near support of channel
Type : Bullish
Timeframe : 15 minutes
Support of triangle is broken
Type : Bearish
Timeframe : 15 minutes
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.49 | 1.55 | 1.58 | 1.66 | 1.66 | 1.70 | 1.73 |
| Change (%) | -10.24% | -6.63% | -4.82% | 0% | - | +2.41% | +4.22% |
| Change | -0.17 | -0.11 | -0.08 | 0 | - | +0.04 | +0.07 |
| Level | Major | Intermediate | Major | Minor | - | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.55 | 1.60 | 1.63 | 1.68 | 1.71 | 1.76 | 1.79 |
| Camarilla | 1.64 | 1.65 | 1.65 | 1.66 | 1.67 | 1.68 | 1.68 |
| Woodie | 1.54 | 1.60 | 1.62 | 1.68 | 1.70 | 1.76 | 1.78 |
| Fibonacci | 1.60 | 1.63 | 1.65 | 1.68 | 1.71 | 1.73 | 1.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.40 | 1.49 | 1.58 | 1.67 | 1.76 | 1.85 | 1.94 |
| Camarilla | 1.61 | 1.63 | 1.64 | 1.66 | 1.68 | 1.69 | 1.71 |
| Woodie | 1.39 | 1.49 | 1.57 | 1.67 | 1.75 | 1.85 | 1.93 |
| Fibonacci | 1.49 | 1.56 | 1.61 | 1.67 | 1.74 | 1.79 | 1.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.26 | 1.37 | 1.54 | 1.65 | 1.82 | 1.93 | 2.10 |
| Camarilla | 1.62 | 1.65 | 1.67 | 1.70 | 1.73 | 1.75 | 1.78 |
| Woodie | 1.28 | 1.39 | 1.56 | 1.67 | 1.84 | 1.95 | 2.12 |
| Fibonacci | 1.37 | 1.48 | 1.55 | 1.65 | 1.76 | 1.83 | 1.93 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.20 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 1.46 | |
| AROON (14): | 0 | |
| DEMA (21): | 1.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.70 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.70 | |
| Zig ZAG (10): | 1.66 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 0.00 | |
| TEMA (21): | 1.65 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -1.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1.66 | |
| MA20: | 1.62 | |
| MA50: | 1.55 | |
| MA100: | 1.60 | |
| MAexp7: | 1.66 | |
| MAexp20: | 1.66 | |
| MAexp50: | 1.67 | |
| MAexp100: | 1.67 | |
| Price / MA7: | -0% | |
| Price / MA20: | +2.47% | |
| Price / MA50: | +7.10% | |
| Price / MA100: | +3.75% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.60% | |
| Price / MAexp100: | -0.60% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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