RELX Share Price on Thursday: Rises 0.85%, RSI Overbought

Trend & Price Action

RELX is trading above its 20-day simple moving average (SMA), at 2,927.90 GBp, and its 50-day SMA, at 2,701.54 GBp. A share price above both averages generally indicates that recent and medium-term price trends are rising. The 20-day average itself rose 4.01% over five days, reinforcing that direction. No new moving-average crossover was recorded, however, so the latest session did not produce a fresh signal from the relationship between the averages. The close at 3,084.00 GBp is also the 20-day resistance level, placing the price at the top of its recent trading range. The three-month high, 3,129.00 GBp, is just above it. A sustained move through that high would extend the advance; failure to hold the current area could leave the share vulnerable to a pullback toward its moving averages or the 20-day support at 2,720.00 GBp. As shown in the chart, the price is near the upper Bollinger Band at 3,129.54 GBp. Bollinger Bands plot a moving average with upper and lower boundaries based on price variability; the share’s position near the upper boundary shows strong recent demand, but also leaves less room before the price reaches that statistical edge. The band width is 13.8%, described as normal, rather than unusually narrow or expanding.

Oscillators & Momentum

Momentum indicators confirm the rally but also warn that it has become crowded. The RSI is 70.1, in overbought territory. RSI measures the pace of recent gains and losses; a reading above 70 can indicate that buying has run ahead of its usual rhythm, though it does not by itself establish that a reversal is under way. The Stochastic %K at 81.9 and %D at 77.9 are also overbought, offering a similar caution. The MACD presents a more constructive signal: its histogram has turned positive at 2.233, with the MACD at 99.790 above its 97.557 signal line. The histogram reflects the gap between those lines, so a positive reading indicates improving short-term momentum. It has only just turned positive, however, and is not yet strong enough to outweigh the overbought readings in the overall technical assessment.

Volatility, Volume & Key Levels

Trading volume was 3,176,333 shares, or 0.8 times the 20-day average of 4,001,613. The price rise therefore came on lighter-than-usual participation, a reason to be cautious about treating the close at resistance as a decisive breakout. On the other hand, on-balance volume (OBV), which tracks buying and selling pressure through volume, is rising. That supports the direction of the trend, though it does not erase the thin-volume signal. The 14-day average true range (ATR), a measure of typical price movement, is 82.83 GBp, or 2.7% of the share price, indicating moderate volatility. The key near-term test is the space between the 20-day resistance at 3,084.00 GBp and the three-month high at 3,129.00 GBp. A clear hold above the three-month high would strengthen the breakout case. Rejection in that zone would put 2,959.75 GBp—the price minus 1.5 times ATR—in view as a volatility-based reference, with 2,720.00 GBp marking 20-day support.

Technical Verdict: HOLD (wait & see)

The verdict follows the neutral technical bias. Price is above both moving averages and OBV is rising, while the MACD histogram has turned positive; against that, RSI and Stochastic are overbought, and volume is below its 20-day average. That mix supports monitoring the resistance test rather than treating the rally as fully confirmed. The central signal is a rising trend meeting overbought momentum at resistance.

• Entry range: 2,927.90–3,084.00 GBp, bounded by the 20-day average and 20-day resistance.
• Exit target: 3,129.00 GBp, the three-month high.
• Stop-loss reference: 2,720.00 GBp, the 20-day support.

The verdict is invalidated if the price falls below 2,720.00 GBp. In plain English, the indicators show a strong but stretched share price that has yet to clear its nearby high decisively. The 20-day support is 2,720.00 GBp.

Summary Data RELX

Last price	3,084.00 GBp
Change 1 day / 5 days / 1 month	0.85% / 5.80% / 18.84%
Trend / MA-cross	uptrend / none
SMA20 / SMA50	2,927.90 / 2,701.54
RSI (14) / Stochastic %K	70.1 / 81.9
Bollinger %B / ATR	89% / 82.83
Support / Resistance 20 days	2,720.00 / 3,084.00
Data as of	5 November 2026 23:35 WIB

Disclaimer: This technical analysis is generated automatically from exchange data 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.

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