RELX Stock Technicals: Gains 0.36% on Friday, RSI Overbought

RELX rose 0.36% on the London Stock Exchange on Friday to 3,039.00 GBp, its highest close in the past 20 trading days and close to its three-month peak of 3,053.00 GBp. The move extends a sharp run: the shares gained 4.29% over five days and 20.26% over one month. But the strength has pushed momentum measures into overbought territory, leaving a clear tension between an established uptrend and the risk of a pause.

Trend & Price Action

RELX is trading above both its 20-day simple moving average (SMA20), at 2,727.15 GBp, and its 50-day average, at 2,628.02 GBp. The SMA20’s 4.63% rise over five days shows that the shorter-term trend is steepening, while the higher share price relative to both averages confirms broad upward momentum. There has been no new moving-average crossover, so the signal comes from the existing trend rather than a fresh technical trigger. The shares closed at the top of their 20-day range, with resistance at 3,039.00 GBp, and sit just below the three-month high. That makes 3,053.00 GBp the nearest visible test of whether buyers can extend the breakout. A move through that high would put the recent peak behind the shares; failure to hold the current range could instead bring the moving averages into focus as lower reference points. The price sits at 90% of its Bollinger band range. Bollinger bands track price relative to a moving average and widen as volatility increases; here, the 28.3% band width is expanding, indicating a more active market rather than a quiet, compressed setup. The upper band is 3,113.72 GBp, while the middle band is 2,727.15 GBp.

Oscillators & Momentum

Momentum indicators confirm the rally but also warn that it has become stretched. RSI(14) is 82.2, firmly in overbought territory, a reading that signals unusually strong recent gains—not an automatic reversal. The Stochastic oscillator is similarly extended: %K is 97.3 and %D is 98.3, both overbought. These readings raise the chance of consolidation or a pullback, especially if the price cannot clear its three-month high. The MACD offers the counterweight. Its reading of 121.395 is above the 85.339 signal line, with a positive histogram of 36.056, which means upward momentum remains stronger than the indicator’s recent average. In other words, the trend has not yet been contradicted by MACD, even as the other oscillators flag crowded conditions.

Volatility & Volume

Average True Range (ATR), a measure of typical price movement, stands at 77.79 GBp, or 2.6% of the share price—moderate volatility by the supplied data. Combined with widening Bollinger bands, that suggests price swings have become more pronounced, though the ATR does not by itself indicate direction. Trading volume was 3,266,847 shares, around 0.8 times the 20-day average of 4,317,557. The advance therefore came on below-average turnover, which makes volume a less forceful confirmation of the move. On the other hand, On-Balance Volume (OBV), which tracks whether volume is flowing more on rising or falling sessions, is rising. That points to accumulation in the broader measure, even without unusually heavy participation on the latest session.

Key Levels & Scenarios

The immediate chart question is whether RELX can sustain its position near the three-month high. A break above 3,053.00 GBp would clear the nearest prior peak; a failure to hold the 3,039.00 GBp 20-day resistance area would leave the rally vulnerable to a retreat toward the rising SMA20 at 2,727.15 GBp. The 20-day support level is 2,480.00 GBp, while the three-month low is 2,418.00 GBp. These levels frame conditional scenarios, not forecasts. The expanding bands and overbought oscillators make a pullback plausible, but the rising averages, positive MACD and OBV mean the data do not yet show a confirmed trend reversal.

Technical Verdict: HOLD

HOLD (wait & see) best reflects the mix of strong trend confirmation and stretched short-term momentum. The strongest signals are the share price above both moving averages, a positive MACD histogram, and RSI and Stochastic readings that warn of overbought conditions. The verdict is invalidated if price falls below the 2,480.00 GBp support level. - Ideal entry range: 2,727.15–2,480.00 GBp, between the SMA20 and 20-day support. - Exit target: 3,113.72 GBp, the upper Bollinger band. - Stop-loss protection: 2,480.00 GBp, the 20-day support level. For non-traders, the chart remains upward, but the indicators suggest the recent rally may need to pause before its next move.

Summary Data RELX

Last price	3,039.00 GBp
Change 1 day / 5 days / 1 month	0.36% / 4.29% / 20.26%
Trend / MA-cross	uptrend / none
SMA20 / SMA50	2,727.15 / 2,628.02
RSI (14) / Stochastic %K	82.2 / 97.3
Bollinger %B / ATR	90% / 77.79
Support / Resistance 20 days	2,480.00 / 3,039.00
Data as of	23 October 2026 22:56 WIB

Disclaimer: This technical analysis is generated automatically from exchange data (via Yahoo Finance) and indicators calculated by JournalArta, for information and education only. The verdict and the entry, target and stop-loss levels are not investment advice or a solicitation to buy or sell any security. Investment decisions and their risks rest solely with the reader.