RENX - RELX NV

Exchange: NYSE

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 0.00%
PRICE $21.19
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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RELX NV Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Hold candidate since 2018-09-10
Shorts 1.95% ( 2018-08-15 )
Cash n/a
Loans n/a
Beta 0.47
ROA 13.08

No changes to the price of RELX NV in the last trading day. The price has been going up and down for this period, and there has been a -4.64% loss for the last 2 weeks.

Trend

RELX NV is the lower part of a horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $20.93 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect RELX NV with 90% probability to be traded between $21.09 and $22.86 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

There are mixed signals in the stock today. RELX NV holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $21.19 and $21.78. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday September 07, 2018, which indicates further gains until a new top pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 8 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

RELX NV finds support from accumulated volume at $21.04.

Support: $21.04 Price: $21.19 Resistance: $21.55

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.00%.

RELX NV is overbought on RSI14 (8). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.

Our recommended stoploss: $19.74 (-6.84%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 8 which reduces the risk some. There is a buy signal from pivot bottom found 7 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

RELX NV holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Hold/Accumulate

Click for Top 5 Hold/Accumulates
RENX $21.19 $0.00(0.00%)
RENX is down $0.00 today, but where's it headed in October?
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