RELX - Daily - Technical analysis published on 10/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Neutral
Technical indicators
44%
28%
28%
My opinion
Neutral between 20.386 EUR and 21.060 EUR
My targets
-
My analysis
There is no basic trend on RELX and in the short term, there are still few buyers. It is difficult to advise a trading direction under these conditions. The nearest resistance is located at 21.060 EUR. The nearest support is located at 20.386 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 rating is 21.050 EUR. The price has increased by +2.63% since the last closing and was traded between 20.520 EUR and 21.070 EUR over the period. The price is currently at +2.58% from its lowest and -0.09% from its highest.20.520
21.070
21.050
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of RELX indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the slightly bullish signals currently given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.000 | 19.503 | 20.386 | 21.050 | 21.060 | 21.610 | 22.140 |
| Change (%) | -9.74% | -7.35% | -3.15% | - | +0.05% | +2.66% | +5.18% |
| Change | -2.050 | -1.547 | -0.664 | - | +0.010 | +0.560 | +1.090 |
| Level | Minor | Major | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.060 | 20.150 | 20.330 | 20.420 | 20.600 | 20.690 | 20.870 |
| Camarilla | 20.436 | 20.461 | 20.485 | 20.510 | 20.535 | 20.560 | 20.584 |
| Woodie | 20.105 | 20.173 | 20.375 | 20.443 | 20.645 | 20.713 | 20.915 |
| Fibonacci | 20.150 | 20.253 | 20.317 | 20.420 | 20.523 | 20.587 | 20.690 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.667 | 19.363 | 19.717 | 20.413 | 20.767 | 21.463 | 21.817 |
| Camarilla | 19.781 | 19.878 | 19.974 | 20.070 | 20.166 | 20.263 | 20.359 |
| Woodie | 18.495 | 19.278 | 19.545 | 20.328 | 20.595 | 21.378 | 21.645 |
| Fibonacci | 19.363 | 19.764 | 20.012 | 20.413 | 20.814 | 21.062 | 21.463 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.670 | 19.570 | 20.700 | 21.600 | 22.730 | 23.630 | 24.760 |
| Camarilla | 21.272 | 21.458 | 21.644 | 21.830 | 22.016 | 22.202 | 22.388 |
| Woodie | 18.785 | 19.628 | 20.815 | 21.658 | 22.845 | 23.688 | 24.875 |
| Fibonacci | 19.570 | 20.346 | 20.825 | 21.600 | 22.376 | 22.855 | 23.630 |
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): | 50.92 | |
| MACD (12,26,9): | -0.1830 | |
| Directional Movement: | -4.079 | |
| AROON (14): | -57.142 | |
| DEMA (21): | 20.549 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.986 | |
| Elder Ray (13): | 0.060 | |
| Super Trend (3,10): | 21.505 | |
| Zig ZAG (10): | 20.830 | |
| VORTEX (21): | 0.9350 | |
| Stochastique (14,3,5): | 55.48 | |
| TEMA (21): | 20.459 | |
| Williams %R (14): | -24.66 | |
| Chande Momentum Oscillator (20): | -0.010 | |
| Repulse (5,40,3): | 2.9290 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1270 | |
| Courbe Coppock: | 4.66 |
| MA7: | 20.549 | |
| MA20: | 20.845 | |
| MA50: | 21.175 | |
| MA100: | 21.233 | |
| MAexp7: | 20.622 | |
| MAexp20: | 20.794 | |
| MAexp50: | 21.004 | |
| MAexp100: | 20.891 | |
| Price / MA7: | +2.44% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | -0.59% | |
| Price / MA100: | -0.86% | |
| Price / MAexp7: | +2.08% | |
| Price / MAexp20: | +1.23% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.76% |
RELXThis member declared not having a position on this financial instrument or a related financial instrument.
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