R3NK Technical Analysis - RENK GROUP AG

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to R3NK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, R3NK is showing a nice and steady performance.

In the last month R3NK has a been trading in the 67.75 - 90.34 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

Looking at the yearly performance, R3NK did better than 99% of all other stocks. We also observe that the gains produced by R3NK over the past year are nicely spread over this period.

R3NK is one of the better performing stocks in the Machinery industry, it outperforms 99% of 103 stocks in the same industry.

R3NK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so R3NK is lagging the market slightly.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although R3NK has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

63.03

75.60

We found 3 important support areas.

Support @67.81 from a trend line in the weekly time frame.
Support @65.66 from a trend line in the daily time frame.
Support @63.67 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 74.83 to 74.85. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for R3NK.DE is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for R3NK.DE is neutral.
ChartMill Relative Strength	99.02	POSITIVE	R3NK.DE has a high relative strength, it outperformed 99.02% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of R3NK.DE is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of R3NK.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of R3NK.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.98	NEUTRAL	The RSI value for R3NK.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.3	NEGATIVE	The MACD value suggests R3NK.DE has a negative trend.
Stochastics (14,3)	25.58	NEUTRAL	The Stochastics value for R3NK.DE is a neutral value.
Average True Range in percent/ATR (20)	4.71	MEDIUM VOLATILITY	The ATR as a percentage value for R3NK.DE suggests some volalility.
Average Directional Index/ADX (14)	27.81	POSITIVE	The high ADX value value for R3NK.DE suggests a strong trend.