RELX rebounds, but volume tells another story
RELX stock climbs 3.4% while daily lower highs stay in place
Our view last week
RELX stock closes the week down 3.8%, with three lower highs on the daily chart and sellers back in slight control on the latest weekly candle. The buy signal, which fired two weeks ago, is holding but strength has eased to 56 out of 100 and the picture stays compressed: our model favors a cautious approach here, not a push. Weekly technical analysis of this European stock, listed on the London Stock Exchange.
This week's summary
RELX stock closes the week up 3.4%, but the technical picture stays cautious: underneath, volume contracted right as the price climbed, a divergence our model flags among this week's warnings. On the daily chart the stock keeps tracing lower highs, 4 in a row from the 2890 area down to the 2610 area. The buy signal, fired three weeks ago, is holding but strength has slipped to 56 out of 100: weekly technical analysis of RELX, listed on the London Stock Exchange.
IQS Phase
56
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#39 / 70
EU-UK stocks in progress
Trade P&L %
+0.19%
from signal to date, no stop loss
Rank position
ranks 39th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV3
Sector regimeweak phase
Performanceweekly -1.88% · monthly +3.58%
REL belongs to the european sector (reference ETF EXV3). The sector is classified weak phase according to our weekly reading.
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