REL.L closes higher for the 3rd day in a row
RELX Group (REL.L) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, REL.L ended the week 2.84% higher at 1702.50 after gaining £15.00 (0.89%) today. Today's closing price of 1702.50 marks the highest close since January 5th. Closing above Thursday's high at 1695.00, RELX Group confirms its breakout through the previous session's high having traded £21.00 above it intraday.
Daily Candlestick Chart (REL.L as at Jul 13, 2018):
Friday's trading range was £22.00 (1.3%), that's slightly above last trading month's daily average range of £21.62. Weekly volatility is also higher, being above the markets average with the monthly volatility being above average.
Prices are trading close to a key support level at 1687.50.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 1740.00, upside momentum might accelerate should the stock be able to break out to new highs for the year.