RELX ORD 14 51/116P - Daily - Technical analysis published on 10/14/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1,833.0 GBX
My targets
1,782.0 GBX (-1.90%)
1,674.8 GBX (-7.80%)
My analysis
In the short term, we can see an acceleration in the bearish trend on RELX ORD 14 51/116P, which is a positive signal for sellers. As long as the price remains above 1,833.0 GBX, a sale could be considered. The first bearish objective is located at 1,782.0 GBX. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,674.8 GBX as an objective. Crossing it would then enable sellers to target 1,613.1 GBX. If the price were to return above 1,833.0 GBX, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RELX ORD 14 51/116P price is 1,816.5 GBX. On the day, this instrument lost -1.09% with the lowest point at 1,809.0 GBX and the highest point at 1,849.5 GBX. The deviation from the price is +0.41% for the low point and -1.78% for the high point.1,809.0
1,849.5
1,816.5
Here is a more detailed summary of the historical variations registered by RELX ORD 14 51/116P:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of RELX ORD 14 51/116P indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,613.1 | 1,674.8 | 1,782.0 | 1,816.5 | 1,833.0 | 1,867.5 | 1,935.5 |
| Change (%) | -11.20% | -7.80% | -1.90% | - | +0.91% | +2.81% | +6.55% |
| Change | -203.4 | -141.7 | -34.5 | - | +16.5 | +51.0 | +119.0 |
| Level | Intermediate | Minor | Major | - | Major | Major | 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 | 1,775.5 | 1,796.5 | 1,816.5 | 1,837.5 | 1,857.5 | 1,878.5 | 1,898.5 |
| Camarilla | 1,825.2 | 1,829.0 | 1,832.7 | 1,836.5 | 1,840.3 | 1,844.0 | 1,847.8 |
| Woodie | 1,775.0 | 1,796.3 | 1,816.0 | 1,837.3 | 1,857.0 | 1,878.3 | 1,898.0 |
| Fibonacci | 1,796.5 | 1,812.2 | 1,821.8 | 1,837.5 | 1,853.2 | 1,862.8 | 1,878.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,708.8 | 1,763.2 | 1,799.8 | 1,854.2 | 1,890.8 | 1,945.2 | 1,981.8 |
| Camarilla | 1,811.5 | 1,819.8 | 1,828.2 | 1,836.5 | 1,844.8 | 1,853.2 | 1,861.5 |
| Woodie | 1,700.0 | 1,758.8 | 1,791.0 | 1,849.8 | 1,882.0 | 1,940.8 | 1,973.0 |
| Fibonacci | 1,763.2 | 1,797.9 | 1,819.4 | 1,854.2 | 1,888.9 | 1,910.4 | 1,945.2 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,616.5 | 1,717.5 | 1,825.0 | 1,926.0 | 2,033.5 | 2,134.5 | 2,242.0 |
| Camarilla | 1,875.2 | 1,894.3 | 1,913.4 | 1,932.5 | 1,951.6 | 1,970.7 | 1,989.8 |
| Woodie | 1,619.8 | 1,719.1 | 1,828.3 | 1,927.6 | 2,036.8 | 2,136.1 | 2,245.3 |
| Fibonacci | 1,717.5 | 1,797.2 | 1,846.4 | 1,926.0 | 2,005.7 | 2,054.9 | 2,134.5 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.00 | |
| MACD (12,26,9): | -18.2000 | |
| Directional Movement: | -13.4 | |
| AROON (14): | -28.6 | |
| DEMA (21): | 1,852.0 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,937.1 | |
| Elder Ray (13): | -35.5 | |
| Super Trend (3,10): | 1,951.9 | |
| Zig ZAG (10): | 1,816.5 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 23.00 | |
| TEMA (21): | 1,842.9 | |
| Williams %R (14): | -93.00 | |
| Chande Momentum Oscillator (20): | -109.0 | |
| Repulse (5,40,3): | -3.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 3.60 |
| MA7: | 1,858.2 | |
| MA20: | 1,877.8 | |
| MA50: | 1,909.1 | |
| MA100: | 1,906.7 | |
| MAexp7: | 1,852.4 | |
| MAexp20: | 1,874.7 | |
| MAexp50: | 1,892.8 | |
| MAexp100: | 1,870.8 | |
| Price / MA7: | -2.24% | |
| Price / MA20: | -3.26% | |
| Price / MA50: | -4.85% | |
| Price / MA100: | -4.73% | |
| Price / MAexp7: | -1.94% | |
| Price / MAexp20: | -3.10% | |
| Price / MAexp50: | -4.03% | |
| Price / MAexp100: | -2.90% |
This member declared not having a position on this financial instrument or a related financial instrument.
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