RELX Relx PLC Chart, History Price & Graph

Key Takeaways

• RELX exhibits a short-term uptrend, trading above key moving averages including the 50-day, 100-day, and 200-day MAs.
• Momentum indicators show bullish signals, with RSI(14) at 63 (buy) and MACD(12,26) at 0.5 (buy).
• Key support cluster at 33.70-33.88, with near-term support at 36.46; resistance levels at 36.77, 37.31, and up to 39.54.
• Price has risen 6.63% over the last 30 days amid a broader quarterly pullback, reflecting consolidation after highs near 56.
• Overall technical summary leans buy on daily timeframe, though long-term trend remains cautious.

Price Action and Trend Analysis

Relx PLC (RELX) has shown short-term bullish price action, advancing approximately 6.63% over the past 30 days. This recovery follows a significant pullback from 52-week highs around 56.33, with the stock now consolidating in the mid-36 range. The chart displays an ascending pattern in recent sessions, potentially forming an ascending wedge with some bearish RSI divergence noted in community analysis. However, daily closes above pivotal levels suggest buyers defending higher ground amid reduced volatility.

Moving Averages

The moving averages paint a constructive picture for short-term traders. RELX trades above its 20-day simple MA at 36.49, 50-day at 35.06, 100-day at 34.24, and 200-day at 33.99, generating buy signals across these levels. Shorter-term MAs (5-day and 10-day) hover near 36.67-36.79, acting as immediate hurdles. The SMA(20) and SMA(50) are trending upward, supporting positive momentum, while the SMA(200) trends down, highlighting longer-term caution.

Momentum Indicators

Momentum favors bulls on the daily chart. The RSI(14) stands at 63, firmly in buy territory without entering overbought conditions (above 70). MACD(12,26) registers 0.5, a positive reading indicative of bullish convergence. Other oscillators like STOCH(9,6) at 33.97 signal sell but in oversold context via STOCHRSI at 3.54, suggesting potential rebound. ADX(14) at 36 indicates strengthening trend strength, though directional bias tilts higher.

Support and Resistance Levels

Traders eye classic pivot points for intraday guidance: support at S1 36.46, S2 36.32, S3 36.15; resistance at R1 36.77, R2 36.94, R3 37.08. Broader zones include a key support cluster from 33.70-33.88 formed by trendlines and MAs, with further downside at 31.96. Upside resistances cluster at 36.69, 37.31, 37.92, and 39.54, where sellers have previously emerged.

AI Daily Buy/Sell Signals

Tickeron’s AI Daily Buy/Sell Signals leverage artificial intelligence to scrutinize vast arrays of market data, technical indicators, and historical price patterns for Relx PLC (RELX). These signals identify potential buy or sell opportunities by recognizing trends, momentum shifts, and recurring chart formations that have proven effective in the past. Traders rely on them to pinpoint entry/exit points, validate ongoing trends, and enhance decision-making processes without emotional bias. By processing real-time and historical inputs, the AI provides objective insights into short-term trading setups. Explore these signals to integrate advanced pattern recognition into your RELX analysis.

Technical Outlook and Key Levels to Watch

Market participants monitor holds above 36.46 support for continuation of the short-term uptrend, with breaches potentially testing 33.70-33.88. Upside breaks beyond 36.77 could target 37.92-39.54 resistances. Watch RSI for overbought divergences and MACD for sustained positive histogram. Volume confirmation on moves through pivots will be crucial, alongside interaction with 20-day MA amid ongoing consolidation.

Disclaimer

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