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 02/21/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 27.32 EUR

My targets

28.89 EUR (+1.80%)

My analysis

The bullish trend is currently very strong on RELX. As long as the price remains above the support at 27.32 EUR, you could try to benefit from the boom. The first bullish objective is located at 28.89 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

8.9

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 rating is 28.38 EUR. The price has increased by +1.43% since the last closing and was between 27.87 EUR and 28.48 EUR. This implies that the price is at +1.83% from its lowest and at -0.35% from its highest.

27.87

28.48

28.38

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

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

Near a 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. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	25.85	27.32	28.11	28.38	28.89
Change (%)	-8.91%	-3.74%	-0.95%	-	+1.80%
Change	-2.53	-1.06	-0.27	-	+0.51
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	27.22	27.45	27.72	27.95	28.22	28.45	28.72
Camarilla	27.84	27.89	27.93	27.98	28.03	28.07	28.12
Woodie	27.23	27.46	27.73	27.96	28.23	28.46	28.73
Fibonacci	27.45	27.64	27.76	27.95	28.14	28.26	28.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.43	26.23	27.12	27.92	28.81	29.61	30.50
Camarilla	27.55	27.70	27.86	28.01	28.17	28.32	28.48
Woodie	25.48	26.25	27.17	27.94	28.86	29.63	30.55
Fibonacci	26.23	26.88	27.27	27.92	28.57	28.96	29.61

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.14	24.93	26.10	26.89	28.06	28.85	30.02
Camarilla	26.72	26.90	27.08	27.26	27.44	27.62	27.80
Woodie	24.32	25.03	26.28	26.99	28.24	28.95	30.20
Fibonacci	24.93	25.68	26.15	26.89	27.64	28.11	28.85

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):	68.99
MACD (12,26,9):	0.3000
Directional Movement:	20.02
AROON (14):	50.00
DEMA (21):	27.88
Parabolic SAR (0,02-0,02-0,2):	27.14
Elder Ray (13):	0.50
Super Trend (3,10):	26.72
Zig ZAG (10):	28.38
VORTEX (21):	1.0700
Stochastique (14,3,5):	65.51
TEMA (21):	28.03
Williams %R (14):	-19.65
Chande Momentum Oscillator (20):	1.01
Repulse (5,40,3):	2.4300
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	4.67

MA7:	27.83
MA20:	27.43
MA50:	26.93
MA100:	26.65
MAexp7:	27.89
MAexp20:	27.51
MAexp50:	27.12
MAexp100:	26.87
Price / MA7:	+1.98%
Price / MA20:	+3.46%
Price / MA50:	+5.38%
Price / MA100:	+6.49%
Price / MAexp7:	+1.76%
Price / MAexp20:	+3.16%
Price / MAexp50:	+4.65%
Price / MAexp100:	+5.62%

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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