RELX PLC | RELX | Long at $29.92Today's selloff of RELX NYSE:RELX is a complete overreaction to Anthropic’s new AI tool. As of this writing, the company's annual earning-per-share and revenue growth is expected to continue into 2028 . From a technical analysis view, the price plummeted today into "major crash" simple moving average territory (gray lines). While near-term weakness may exist, I expected today's -15% loss (and more) to be made-up over the long term. Thus, at $29.92, NYSE:RELX is in a personal buy zone with potential near-term weakness staying in the $20s unless fundamentals / growth changes.
Target into 2028
$35.00 (+17.0%)
RELX PLC
No trades
What traders are saying
RELX looking strong fundementallyI like this one more by the day, RELX had quite a slip last year drawing down over -30% however their fundamentals remain strong.
-Many verticals to cling onto
-Subscription based recurring revenue, that along with consistent customer base and you see predictable cash flow
-Poised in a great position for AI integration, actively working on various AI models WITH the hardware to accommodate
-Free cashflow to stimulate any slip ups, this partnered with their Buyback news gives a strong floor for them to hold
They seemingly promise low volatility and steady growth as of lately, tracing new resistance to a COVID fib gives me added confidence. I'll be entering long in the 37-40 area initially and DCAing into the next few months. Looking for TPs at 15% (46.00) and 30% (52.00) removing 25% and 75% of capital respectively. SL will probably be dynamic, hopefully will be able to see the bullet coming with historically low volatility, should be able to get out of the way worst case. All based off technicals and a hunch, just my two cents.
Potential Short on RELX
RELX is currently in an ascending wedge with bearish RSI divergence. Look for a break of trend or pullback to supply zone for entry, stoploss at last swing high with target at bottom of wedge also could be a bigger move if breaks down out of wedge so will be using a trailing SL if it gets there, moving SL to BE when safe to do so.
RELX At Exceptional Risk/Reward For A Short Here. Bullet Catch.RELX has performed a liquidity sweep above previous ATH and is setting up for a lovely example of what I like to call a bullet catch pattern. The catch is considerably wider than the impulse move (bullet). The street trapped retail traders above the ATH in longs and can now flush this thing. The key here was the candle BODY close below the orange line. That was the start of the setup.
RELL (RELX PLC) RELL offering a good buy opportunity with very little room for downward movement (based on previous price action). While the Trendline break on 11th October indicates a sell, It was caused by the downturn in most public stocks during the Month of October, and is being viewed as a buying opportunity. It remains below most moving averages (50, 100) meaning there is a lot of room for bullish price action, and previous highs support this. Oscillators support a bullish trend, however they also indicate a short term move to the downside (an estimate of 3%).
RELX (NL): Continuation PatternThe consolidation pattern (triangle) on the daily chart has formed just above the cloud support on the weekly chart. Triangles are often - but not always - continuation patterns, especially when forming within a strong trend, in this case a down trend. In other words, we expect the triangle to lead to more weakness over the coming days and weeks. Dipping below 16.40 completes the pattern and will subsequently extend the down trend towards 15.35 and 14.65 after that.
Note that such a decline will also lead to a convincing move below weekly support levels and thus ring in a longer term corrective phase as well. Weekly indicators are already weak and full of divergences, so the total bias is certainly concentrated on the down side.
Above ~17.45 things return to neutral and uncertain.
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