As this happened, 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 jump 5.46% to $1.93. Over the last five days, the stock has gained 9.66%. RLX Technology Inc ADR shares have fallen nearly -3.50% since the year began. Nevertheless, the stocks have fallen -15.72% over the past one year. While a 52-week high of $2.30 was reached on 05/17/24, a 52-week low of $1.50 was recorded on 08/08/24. SMA at 50 days reached $1.7034, while 200 days put it at $1.8082.
Levels Of Support And Resistance For RLX Stock
The 24-hour chart illustrates a support level at 1.8400, which if violated will result in even more drops to 1.7500. On the upside, there is a resistance level at 1.9850. A further resistance level may holdings at 2.0400. The Relative Strength Index (RSI) on the 14-day chart is 68.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1290, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.41%. Stochastics %K at 88.45% indicates the stock is a selling.
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 2024-10-31, dropping by -0.12 million shares to a total of 17.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 17.56 million shares. There was a decline of -0.72%, which implies that there is a negative sentiment for the stock.
