Renewable Energy Group Inc (REGI) Technical Analysis
NASDAQ:REGI • US75972A3014
Current stock price
REGI Technical Rating and Analysis
Overall REGI gets a technical rating of 8 out of 10. 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.
- REGI is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 64% of 209 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- REGI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so REGI is performing more or less in line with the market.
- 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.
- Looking at the yearly performance, REGI did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- 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
REGI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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. Another positive sign is the recent Pocket Pivot signal.
- 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.
Can you provide the RSI signal for Renewable Energy Group Inc?
Renewable Energy Group Inc (REGI) has an RSI value of 66.8283. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Renewable Energy Group Inc?
The MACD indicator for Renewable Energy Group Inc (REGI) has a value of -0.0302104, indicating a bearish trend.
Can you provide the short term momentum for Renewable Energy Group Inc?
The short term momentum for Renewable Energy Group Inc (REGI) is positive.