Third rebound week, the decline loses its edge
RELX rebounds 2.9% for a third week as momentum turns positive and the decline slows
Third rebound week, the decline loses its edge
Our view last week
RELX's rebound runs into a second straight week: +3.3% this week, after +3.6% the week before, with money flow back close to breakeven and momentum recovering sharply. The short, in its tenth week of management, sits near breakeven, off by a small 3%. Price is squeezed between the daily Kumo floor, in the 2510 area, and the 50-day average, in the 2457 area: those two levels will call the next move.
This week's summary
RELX's rebound runs into a third straight week (+2.9%), and this time momentum swings into positive territory: money flow also turns back above zero after weeks in the red. RELX shares stay pinned just under the daily Kumo ceiling, in the 2546 area, with the sell signal edging back toward the Inversion Point. The short, in its 10th week of management, slips to -5.98% since entry.
IQS Phase
42
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#46 / 56
EU-UK stocks
Trade P&L %
-5.98%
from signal to today
Rank position
ranks 46th among the 56 sell signals for European-UK stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV3
Sector regimeweak phase
Performanceweekly +0.54% · monthly -3.94%
REL belongs to the european sector (reference ETF EXV3). The sector is classified weak phase according to our weekly reading.
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