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 02/26/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 38.39 EUR

My targets

43.07 EUR (+4.82%)

My analysis

The bullish trend is currently very strong on RELX. As long as the price remains above the support at 38.39 EUR, you could try to benefit from the boom. The first bullish objective is located at 43.07 EUR. The bullish momentum would be boosted by a break in this resistance. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

9.1

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 41.09 EUR. On the day, this instrument gained +0.32% and was between 40.91 EUR and 41.31 EUR. This implies that the price is at +0.44% from its lowest and at -0.53% from its highest.

40.91

41.31

41.09

Here is a more detailed summary of the historical variations registered by RELX:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this RELX chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	33.86	36.75	38.39	41.09
Change (%)	-17.60%	-10.56%	-6.57%	-
Change	-7.23	-4.34	-2.70	-
Level	Minor	Intermediate	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40.24	40.45	40.71	40.92	41.18	41.39	41.65
Camarilla	40.83	40.87	40.92	40.96	41.00	41.05	41.09
Woodie	40.26	40.46	40.73	40.93	41.20	41.40	41.67
Fibonacci	40.45	40.63	40.74	40.92	41.10	41.21	41.39

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.05	38.71	39.83	40.49	41.61	42.27	43.39
Camarilla	40.47	40.63	40.80	40.96	41.12	41.29	41.45
Woodie	38.29	38.83	40.07	40.61	41.85	42.39	43.63
Fibonacci	38.71	39.39	39.81	40.49	41.17	41.59	42.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.54	33.88	36.05	37.39	39.56	40.90	43.07
Camarilla	37.26	37.58	37.90	38.22	38.54	38.86	39.19
Woodie	32.96	34.09	36.47	37.60	39.98	41.11	43.49
Fibonacci	33.88	35.22	36.05	37.39	38.73	39.56	40.90

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):	75.85
MACD (12,26,9):	0.8500
Directional Movement:	25.35
AROON (14):	85.71
DEMA (21):	40.49
Parabolic SAR (0,02-0,02-0,2):	38.75
Elder Ray (13):	1.25
Super Trend (3,10):	39.19
Zig ZAG (10):	41.09
VORTEX (21):	1.1800
Stochastique (14,3,5):	93.95
TEMA (21):	40.73
Williams %R (14):	-6.60
Chande Momentum Oscillator (20):	2.38
Repulse (5,40,3):	1.1000
ROCnROLL:	1
TRIX (15,9):	0.2700
Courbe Coppock:	9.10

MA7:	40.36
MA20:	39.25
MA50:	37.70
MA100:	35.88
MAexp7:	40.38
MAexp20:	39.41
MAexp50:	37.97
MAexp100:	36.21
Price / MA7:	+1.81%
Price / MA20:	+4.69%
Price / MA50:	+8.99%
Price / MA100:	+14.52%
Price / MAexp7:	+1.76%
Price / MAexp20:	+4.26%
Price / MAexp50:	+8.22%
Price / MAexp100:	+13.48%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

The last news published on RELX at the time of the generation of this analysis was as follows:

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

About author

Londinia AI

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