Based on recent analyst ratings and technical indicators, RELX shows a mixed outlook. Kepler Capital and Barclays maintain Hold ratings, while J.P. Morgan and Redburn Atlantic express bullish sentiment with Buy ratings. The stock's RSI of 62.37 indicates moderate bullish momentum without being overbought, and the positive MACD of 0.95 suggests upward trend continuation.
The company's strategic acquisition of IDVerse, expected to close in early 2025, strengthens its AI-powered document authentication and fraud detection capabilities. Additionally, UBS has highlighted RELX among attractive UK stocks due to favorable valuations and defensive characteristics.
The stock is currently trading above both its 20-day SMA (48.87) and 60-day SMA (47.21), indicating positive technical momentum. With Fibonacci resistance levels at 50.62 and support at 49.00, the stock appears to be in a controlled upward channel.
Based on the technical strength, strategic acquisitions, and mixed but generally positive analyst sentiment, holding RELX stock at current levels appears prudent, with potential for moderate upside.