Renewable Energy Group Inc (REGI) Technical Analysis
NASDAQ:REGI • US75972A3014
Current stock price
REGI Technical Rating and Analysis
Taking everything into account, REGI scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, REGI is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- REGI 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 REGI is lagging the market slightly.
- REGI has an average volume of 1636670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that REGI is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- REGI is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, REGI did better than 52% of them.
- In the last month REGI has a been trading in a tight range between 61.04 and 61.51.
REGI Weekly and Daily overview Charts
REGI Setup Rating and Analysis
Besides having an excellent technical rating, REGI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 61.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.39, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
REGI Support and Resistance Analysis
60.02
When analyzing the support we notice one important area.
- A support zone ranging from 60.63 to 61.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 61.50 to 61.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
REGI 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 REGI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REGI is up. |
| ChartMill Relative Strength | 80.4 | POSITIVE | REGI has a high relative strength, it outperformed 80.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of REGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of REGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of REGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.83 | NEUTRAL | The RSI value for REGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests REGI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.73 | OVERBOUGHT | The high Stochastics value suggests REGI may be overbought. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for REGI suggests low volalility. |
REGI Chart- and CandleStick Pattern Analysis
REGI Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 61.52 | 61.26 | 0.26 (0.42%) | 25.00% |
| An entry @61.52. This is a Buy Stop order right above the resistance zone. | An exit @61.26. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.26 points, which is 0.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
REGI Technicals: Chart, Performance Metrics, Trend & Indicators
61.5
+0.05 (+0.08%)
Renewable Energy Group Inc / REGI TA FAQ
Can you provide the ChartMill technical rating for Renewable Energy Group Inc?
ChartMill assigns a technical rating of 7 / 10 to REGI.
What is the trend direction for REGI stock?
The current trend direction for Renewable Energy Group Inc (REGI) is Bullish.
What is the RSI signal for Renewable Energy Group Inc (REGI) stock?
Renewable Energy Group Inc (REGI) has an RSI value of 66.8283. This indicates that the stock is currently neutral.
What is the MACD signal for REGI stock?
The MACD indicator for Renewable Energy Group Inc (REGI) has a value of -0.0302104, indicating a bearish trend.
What is the short term momentum for Renewable Energy Group Inc (REGI) stock?
The short term momentum for Renewable Energy Group Inc (REGI) is positive.