winky9
2023-03-03

$RLX Technology(RLX)$

TheRLX Technology Inc.stock price gained11.28%on the last trading day (Wednesday, 1st Mar 2023), rising from$1.95to$2.17. During the last trading day the stock fluctuated10.78%from a day low at$2.04to a day high of$2.26. The price has fallen in 6 of the last 10 days and is down by-0.91%for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total,6 millionmore shares were traded than the day before. In total,16million shares were bought and sold for approximately$35.35million.

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The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall-18.60%during the next 3 months and, with a 90% probability hold a price between$1.58and$2.05at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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