Investors may be tracking certain levels on shares of RELX PLC (RELX). The current 50-day Moving Average is 21.44, the 200-day Moving Average is 21.89, and the 7-day is noted at 22.18. Moving averages can help spot trends and price reversals. They may also be used to help find support or resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.
20-Day MA (Short term signal used to observe price changes): “Buy”.
20-50 Day MACD (Used to identify bullish or bearish directional movement): “Buy”
20-day Bollinger (identifies short-term overbought and oversold zones): “Hold”
RELX PLC (RELX) is on watchlists this week as the Trendspotter Opinion rating is indicating a “Buy” with first resistance at 22.41 and second resistance at 22.47. On the other end, investors are watching the first support level of 22.26, and the second support level of 22.17. The trendspotter strength signal is currently Minimum. This signal is compared to the historical performance where maximum would be considered the strongest, and minimum would be touted as the weakest. In terms of direction, the trendspotter signal is currently Strengthening. This signal may indicate if the Buy or Sell is weakening or gaining strength, or if the Hold is leaning towards a Buy or Sell.
Traders may be relying in part on technical stock analysis. RELX PLC (RELX) currently has a 14-day Commodity Channel Index (CCI) of 80.58. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was designed to typically stay within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.
RELX PLC (RELX) currently has a 1 month MA of 21.9. Investors may use moving averages for various reasons. Some may use the moving average as a primary trading tool, while others may use it as a back-up. Investors may keep an eye out for when the stock price crosses a particular moving average and then closes on the other side. These moving average crossovers may be used to help spot momentum shifts, or possible entry/exit points. A cross below a certain moving average may signal the start of a downward move. On the flip side, a cross above a moving average may suggest a possible uptrend. Investors may be focused on many different time periods when studying moving averages. The stock currently has a 3 month MA of 21.47, and a 6 month MA of 21.96.
At the time of writing, the 14-day ADX for RELX PLC (RELX) is 21.68. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.
The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. Wilder introduced RSI in his book “New Concepts in Technical Trading Systems” which was published in 1978. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. RSI can be used to help spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum. The 14-day RSI is currently sitting at 64.98, the 7-day is at 67.1, and the 3-day is spotted at 74.31 for RELX PLC (RELX).