RELX PLC Stock Forecast
Green day on Tuesday for RELX PLC
(Updated on Jun 25, 2024)
The RELX PLC stock price gained 0.371% on the last trading day (Tuesday, 25th Jun 2024), rising from $45.84 to $46.01. During the last trading day the stock fluctuated 0.677% from a day low at $45.73 to a day high of $46.04. The price has risen in 6 of the last 10 days and is up by 2.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 507 thousand shares were bought and sold for approximately $23.31 million.
The stock lies in the upper part of a narrow and strong 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 $46.07 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.26% during the next 3 months and, with a 90% probability hold a price between $48.72 and $50.80 at the end of this 3-month period.
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RELX Signals & Forecast
Mostly positive signals in the chart today. 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 $45.63 and $44.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 6.16%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
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 $0.310 between high and low, or 0.677%. For the last week the stock has had daily average volatility of 0.695%.
Our recommended stop-loss: $43.40 (-5.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (RELX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect RELX PLC to open at $45.93, and during the day (based on 14 day Average True Range), to move between $45.52 and $46.50, which gives a possible trading interval of +/-$0.491 (+/-1.07%) up or down from last closing price. If RELX PLC takes out the full calculated possible swing range there will be an estimated 2.13% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $42.17, some $3.84 (8.35%) from the current price of $46.01, our system finds the risk reward attractive.
Is RELX PLC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for RELX PLC stock to perform well in the short-term.
Current score: 4.571 Buy Candidate Unchanged
Predicted Opening Price for RELX PLC of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $45.93 ( 0.181%) | $46.01 |
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 | 46.24 | 0.492% |
| R2 | 46.12 | 0.235% |
| R1 | 46.05 | 0.0762% |
| Price | 46.01 | |
| S1 | 45.81 | -0.438% |
| S2 | 45.74 | -0.597% |
| S3 | 45.62 | -0.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 46.01 | |
| S1 | 42.17 | -8.35% |
| S2 | 42.04 | -8.63% |
| S3 | 41.47 | -9.87% |
RELX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | May 02, 2024 | Jun 18, 2024 | $0.526 | 1.15% |
| 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
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