RELX PLC Stock Forecast
RELX PLC stock price down 0.748% on Thursday
(Updated on Apr 25, 2024)
The RELX PLC stock price fell by -0.748% on the last day (Thursday, 25th Apr 2024) from $41.43 to $41.12. During the last trading day the stock fluctuated 2.47% from a day low at $40.25 to a day high of $41.25. The price has fallen in 7 of the last 10 days and is down by -1.77% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -299 thousand shares and in total, 1 million shares were bought and sold for approximately $43.35 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $41.04 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect RELX PLC stock with a 90% probability to be traded between $40.59 and $43.82 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RELX Signals & Forecast
There are mixed signals in the stock today. The RELX PLC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $41.51 and $42.53. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.122%. 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).
Support, Risk & Stop-loss for RELX PLC stock
RELX PLC finds support from accumulated volume at $41.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.99 between high and low, or 2.47%. For the last week the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RELX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect RELX PLC to open at $40.87, and during the day (based on 14 day Average True Range), to move between $40.50 and $41.74, which gives a possible trading interval of +/-$0.620 (+/-1.51%) up or down from last closing price. If RELX PLC takes out the full calculated possible swing range there will be an estimated 3.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $41.07 (0.12%) than the resistance at $41.47 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RELX PLC stock A Buy?
RELX PLC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.523 Sell Candidate Unchanged
Predicted Opening Price for RELX PLC of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $40.87 ( 0.604%) | $41.12 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 41.87 | 1.82 % | |
| R2 | 41.49 | 0.89 % | ||
| R1 | 41.25 | 0.320 % | ||
| Current price: | 41.12 | |||
| Support | S1 | 40.49 | -1.53 % | |
| S2 | 40.26 | -2.10 % | ||
| S3 | 39.88 | -3.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.92 | 6.81 % | |
| R2 | 41.54 | 1.02 % | ||
| R1 | 41.47 | 0.85 % | ||
| Current price | 41.12 | |||
| Support | S1 | 41.07 | -0.122% | |
| S2 | 41.03 | -0.219% | ||
| S3 | 0 | . |
RELX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | May 02, 2024 | Jun 18, 2024 | $0.526 | 1.28% |
| 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
Click here for our free guide on how to buy RELX PLC Stock.
