1 Relx price increased by 3.95% over the past seven days. 2 Relx Inc. (LSE: REL) stock’s 52-week price range is £23 – £27. RELX has more debt than equity, with a debt-to-equity ratio of 174.4%. It can pay its interest easily, with an interest coverage ratio of 13. It has a cash b...
- 1 Relx price increased by 3.95% over the past seven days.
- 2 Relx Inc. (LSE: REL) stock’s 52-week price range is £23 – £27.
RELX has more debt than equity, with a debt-to-equity ratio of 174.4%. It can pay its interest easily, with an interest coverage ratio of 13. It has a cash balance of £334.0 Million. According to SimplyWall St., a financial website, RELX’s earnings have been falling by -1.2% per year, while its industry’s earnings have been rising by 5.7% per year. Its revenues have been growing by 1% per year. RELX has a high return on equity of 43.5% and high net margins of 19.1%.
The market capitalization of Relx Inc. (LSE: REL) stock is £48.56 Billion and the total revenue is £8.55 Billion. Moreover, the stock’s basic EPS is £1 and the price-to-earnings ratio is 30. Moreover, the average volume is 2.311 Million and the current volume is 1.715 Million, the current volume is below average volume.
Technical Analysis of Relx Price in 1-D Time Frame
The price action shows that Relx Inc. (LSE: REL) price formed a bearish pattern earlier, which is known as a head and shoulder pattern. This pattern shows that Relx price was in an uptrend in the beginning and then switched to a downtrend at the end. The pattern broke down from the neckline level at £25.94 and reached the major demand zone at £24.37.
However, for the last few sessions, the REL price has been in an uptrend as it bounced back from the major demand zone around £24.37. At the time of publishing the Relx Price is trading at £25.79. The Relx price is also above all the major EMAs and the buying volume is increasing. It seems like the buyers are interested to push the REL price up, as observed on the volume graph.
Moreover, to continue its upward movement, the REL stock price needs to break the volume moving average by attracting more buyers and then we can expect more surge in the Relx Price. If the REL stock price holds this level, it could rise further and reach the first and second targets of £26.68 and £27.38 respectively. On the other hand, if the Relx stock price rejects this level and falls, it could reach the nearest support levels of £24.37 and £23.43.
At the time of publishing, Relx Inc. is trading above the 20, 50, 100, and 200-day EMAs (exponential moving average), which is supporting the Relx Price trend. Hence, REL price is expected to move upwards giving bullish signals over the daily time frame chart.
The current value of RSI is 55.23 points. The 14 SMA is at 45.24 points which indicates that the price is bullish as the RSI is in bullish territory.
The MACD line at 0.0462 and signal line at 0.0908 are below the zero line and a bullish crossover was observed in the MACD oscillator which signals more bullishness for the Relx stock price.
Summary
Relx Inc. (LSE: REL) shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical parameters of the REL stock price also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue in Relx stock price.
Technical Levels
- The nearest support levels: UK£24.37 and £23.43.
- The nearest resistance levels: UK£26.68 and £27.38.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.