RELX PLC PLC ADS EACH - Daily - Technical analysis published on 10/07/2019 (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
22%
50%
28%
My opinion
Bearish under 24.01 USD
My targets
23.01 USD (-0.09%)
22.54 USD (-2.13%)
My analysis
RELX PLC PLC ADS EACH is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 24.01 USD. The next support located at 23.01 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 22.54 USD. Below this support, sellers could then target 21.30 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.2
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RELX PLC PLC ADS EACH rating is 23.03 USD. The price has increased by +1.68% since the last closing and was between 22.77 USD and 23.03 USD. This implies that the price is at +1.14% from its lowest and at 0% from its highest.22.77
23.03
23.03
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
Here is a more detailed summary of the historical variations registered by RELX PLC PLC ADS EACH:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of RELX PLC PLC ADS EACH in Daily shows an overall bearish trend. 75% 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, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.30 | 22.54 | 23.01 | 23.03 | 24.01 | 24.49 | 24.95 |
| Change (%) | -7.51% | -2.13% | -0.09% | - | +4.26% | +6.34% | +8.34% |
| Change | -1.73 | -0.49 | -0.02 | - | +0.98 | +1.46 | +1.92 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | Major |
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 | 22.27 | 22.38 | 22.51 | 22.62 | 22.75 | 22.86 | 22.99 |
| Camarilla | 22.58 | 22.61 | 22.63 | 22.65 | 22.67 | 22.69 | 22.72 |
| Woodie | 22.29 | 22.39 | 22.53 | 22.63 | 22.77 | 22.87 | 23.01 |
| Fibonacci | 22.38 | 22.47 | 22.53 | 22.62 | 22.71 | 22.77 | 22.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.59 | 22.94 | 23.34 | 23.69 | 24.09 | 24.44 | 24.84 |
| Camarilla | 23.53 | 23.60 | 23.67 | 23.74 | 23.81 | 23.88 | 23.95 |
| Woodie | 22.62 | 22.95 | 23.37 | 23.70 | 24.12 | 24.45 | 24.87 |
| Fibonacci | 22.94 | 23.23 | 23.40 | 23.69 | 23.98 | 24.15 | 24.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.17 | 21.99 | 22.85 | 23.67 | 24.54 | 25.36 | 26.22 |
| Camarilla | 23.26 | 23.41 | 23.57 | 23.72 | 23.87 | 24.03 | 24.18 |
| Woodie | 21.19 | 22.00 | 22.88 | 23.68 | 24.56 | 25.37 | 26.25 |
| Fibonacci | 21.99 | 22.63 | 23.03 | 23.67 | 24.32 | 24.71 | 25.36 |
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): | 43.92 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -11.57 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 23.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.95 | |
| Elder Ray (13): | -0.37 | |
| Super Trend (3,10): | 23.77 | |
| Zig ZAG (10): | 23.03 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 15.98 | |
| TEMA (21): | 23.07 | |
| Williams %R (14): | -64.74 | |
| Chande Momentum Oscillator (20): | -0.45 | |
| Repulse (5,40,3): | 0.5200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.58 |
| MA7: | 23.28 | |
| MA20: | 23.34 | |
| MA50: | 23.56 | |
| MA100: | 23.71 | |
| MAexp7: | 23.13 | |
| MAexp20: | 23.37 | |
| MAexp50: | 23.53 | |
| MAexp100: | 23.36 | |
| Price / MA7: | -1.07% | |
| Price / MA20: | -1.33% | |
| Price / MA50: | -2.25% | |
| Price / MA100: | -2.87% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -1.45% | |
| Price / MAexp50: | -2.12% | |
| Price / MAexp100: | -1.41% |
This member declared not having a position on this financial instrument or a related financial instrument.
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