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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RELX
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RELX PLC stock downgraded to Hold/Accumulate
(Updated on Jun 14, 2024)

Buy or Hold candidate since May 30, 2024 Gain 4.34% PDF

The RELX PLC stock price fell by -0.94% on the last day (Friday, 14th Jun 2024) from $45.65 to $45.22. During the last trading day the stock fluctuated 0.779% from a day low at $44.93 to a day high of $45.28. The price has fallen in 6 of the last 10 days but is still up by 2.87% over the past 2 weeks. Volume has increased on the last day by 186 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 688 thousand shares were bought and sold for approximately $31.10 million.

The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $45.81 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.07% during the next 3 months and, with a 90% probability hold a price between $45.04 and $48.60 at the end of this 3-month period.

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RELX Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -1.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The RELX PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $45.17 and $43.66. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for RELX PLC stock

On the downside, the stock finds support just below today's level from accumulated volume at $42.17 and $42.04. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, RELX PLC finds support just below today's level at $42.17. If this is broken, then the next support from accumulated volume will be at $42.04 and $41.47.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.350 between high and low, or 0.779%. For the last week the stock has had daily average volatility of 0.81%.

Our recommended stop-loss: $43.71 (-3.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (RELX) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect RELX PLC to open at $45.14, and during the day (based on 14 day Average True Range), to move between $44.66 and $45.78, which gives a possible trading interval of +/-$0.559 (+/-1.24%) up or down from last closing price. If RELX PLC takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $45.41 (0.42%) than the support at $42.17 (6.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is RELX PLC stock A Buy?

RELX PLC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.328 Hold/Accumulate Downgraded

Predicted Opening Price for RELX PLC of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$45.14 ( 0.170%) $45.22

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RELX

Fibonacci Support & Resistance Levels

Level Price
R3 45.49 0.604%
R2 45.36 0.309%
R1 45.28 0.126%
Price 45.22
S1 45.01 -0.465%
S2 44.93 -0.648%
S3 44.79 -0.94%

Accumulated Volume Support & Resistance Levels

Level Price
R3 45.73 1.13%
R2 45.65 0.95%
R1 45.41 0.420%
Price 45.22
S1 42.17 -6.74%
S2 42.04 -7.03%
S3 41.47 -8.29%

RELX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 15, 2024 May 02, 2024 Jun 18, 2024 $0.526 1.16%
2 Jul 25, 2023 Aug 03, 2023 Sep 12, 2023 $0.220 0.648%
3 Feb 16, 2023 Apr 27, 2023 Jun 12, 2023 $0.466 1.45%
4 Jul 29, 2022 Aug 04, 2022 Sep 13, 2022 $0.190 0.729%
5 Feb 14, 2022 Apr 28, 2022 Jun 10, 2022 $0.482 1.81%

FAQ

What is the symbol for RELX PLC Stock and on which exchange is it traded?
The symbol for RELX PLC is RELX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell RELX PLC Stock?
RELX PLC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy RELX PLC Stock?
RELX PLC Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy RELX PLC Stock.

What's the current price of RELX PLC Stock?
As of the end of day on the Jun 14, 2024, the price of an RELX PLC (RELX) share was $45.22.

What is the 52-week high and low for RELX PLC Stock?
The 52-week high for RELX PLC Stock is $45.93 and the 52-week low is $31.38.

What is the market capitalization of RELX PLC Stock?
As of the Jun 14, 2024, the market capitalization of RELX PLC is 84.327B.

When is the next earnings date for RELX PLC?
The upcoming earnings date for RELX PLC is Jul 25, 2024.
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About RELX PLC

RELX PLC RELX PLC provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting r... RELX Profile

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