RELX

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	REN
ISIN:	GB00B2B0DG97

RELX - Daily - Technical analysis published on 04/28/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

33%

17%

50%

My opinion

Bullish above 29.36 EUR

My targets

30.60 EUR (+1.82%)

31.70 EUR (+5.50%)

My analysis

The bullish trend is currently very strong on RELX. As long as the price remains above the support at 29.36 EUR, you could try to benefit from the boom. The first bullish objective is located at 30.60 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 31.70 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

6.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The RELX price is 30.05 EUR. The price has increased by +1.04% since the last closing with the lowest point at 29.78 EUR and the highest point at 30.08 EUR. The deviation from the price is +0.91% for the low point and -0.10% for the high point.

29.78

30.08

30.05

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this RELX chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 6 are bullish, 9 are neutral and 3 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

White morning star

Type : Bullish

Timeframe : Daily

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	26.89	28.49	29.36	30.05	30.32
Change (%)	-10.52%	-5.19%	-2.30%	-	+0.90%
Change	-3.16	-1.56	-0.69	-	+0.27
Level	Intermediate	Major	Intermediate	-	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.12	29.25	29.49	29.62	29.86	29.99	30.23
Camarilla	29.64	29.67	29.71	29.74	29.77	29.81	29.84
Woodie	29.19	29.28	29.56	29.65	29.93	30.02	30.30
Fibonacci	29.25	29.39	29.48	29.62	29.76	29.85	29.99

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.35	28.78	29.55	29.98	30.75	31.18	31.95
Camarilla	29.99	30.10	30.21	30.32	30.43	30.54	30.65
Woodie	28.52	28.87	29.72	30.07	30.92	31.27	32.12
Fibonacci	28.78	29.24	29.52	29.98	30.44	30.72	31.18

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.51	27.14	28.24	28.87	29.97	30.60	31.70
Camarilla	28.87	29.03	29.19	29.35	29.51	29.67	29.83
Woodie	26.76	27.26	28.49	28.99	30.22	30.72	31.95
Fibonacci	27.14	27.80	28.21	28.87	29.53	29.94	30.60

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):	62.35
MACD (12,26,9):	0.3500
Directional Movement:	10.97
AROON (14):	21.43
DEMA (21):	30.09
Parabolic SAR (0,02-0,02-0,2):	30.48
Elder Ray (13):	0.15
Super Trend (3,10):	29.19
Zig ZAG (10):	30.05
VORTEX (21):	1.1000
Stochastique (14,3,5):	47.39
TEMA (21):	30.08
Williams %R (14):	-34.41
Chande Momentum Oscillator (20):	0.41
Repulse (5,40,3):	1.9500
ROCnROLL:	1
TRIX (15,9):	0.1800
Courbe Coppock:	3.83

MA7:	30.04
MA20:	29.64
MA50:	28.87
MA100:	27.67
MAexp7:	29.91
MAexp20:	29.61
MAexp50:	28.89
MAexp100:	28.07
Price / MA7:	+0.03%
Price / MA20:	+1.38%
Price / MA50:	+4.09%
Price / MA100:	+8.60%
Price / MAexp7:	+0.47%
Price / MAexp20:	+1.49%
Price / MAexp50:	+4.02%
Price / MAexp100:	+7.05%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

Don't forget to follow the news on RELX. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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