Meanwhile, UBS initiated its RLX Technology Inc ADR [RLX] rating to a Buy in a research note published on August 08, 2023; the price target was $2.60. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early November with a ‘”a Neutral”‘ rating. Citigroup began covering RLX with “Buy” recommendation on March 12, 2021. China Renaissance started covering the stock on February 22, 2021. It rated RLX as “a Buy”.
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Price Performance Review of RLX
On Tuesday, RLX Technology Inc ADR [NYSE:RLX] saw its stock fall -0.62% to $1.61. Over the last five days, the stock has lost -3.59%. RLX Technology Inc ADR shares have fallen nearly -19.50% since the year began. Nevertheless, the stocks have fallen -3.01% over the past one year. While a 52-week high of $2.40 was reached on 05/17/24, a 52-week low of $1.50 was recorded on 08/08/24. SMA at 50 days reached $1.6898, while 200 days put it at $1.8162.
Levels Of Support And Resistance For RLX Stock
The 24-hour chart illustrates a support level at 1.5900, which if violated will result in even more drops to 1.5700. On the upside, there is a resistance level at 1.6400. A further resistance level may holdings at 1.6700. The Relative Strength Index (RSI) on the 14-day chart is 44.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0152, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.33%. Stochastics %K at 25.13% indicates the stock is a holding.
How much short interest is there in RLX Technology Inc ADR?
A steep rise in short interest was recorded in RLX Technology Inc ADR stocks on 2024-10-15, dropping by -0.76 million shares to a total of 17.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 18.52 million shares. There was a decline of -4.25%, which implies that there is a negative sentiment for the stock.
