RENOVARO INC (RENB) Stock Technical Analysis
NASDAQ:RENB - Nasdaq - US29350E1047 - Common Stock - Currency: USD
Overall RENB gets a technical rating of 0 out of 10. RENB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, RENB is a bad performer in the overall market: 98% of all stocks are doing better.
RENB is part of the Biotechnology industry. There are 555 other stocks in this industry, of which 85% are performing better than RENB.
RENB is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month RENB has a been trading in the 0.27 - 0.42 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.
RENB has an average volume of 4102690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, RENB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.28
0.37
2 important resistance areas can be observed.
- Resistance @0.36 from a trend line in the daily time frame.
- Resistance @0.37 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for RENB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RENB is down. |
| ChartMill Relative Strength | 2.15 | NEGATIVE | RENB has a low relative strength, it was outperformed by 97.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RENB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RENB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RENB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.25 | NEUTRAL | The RSI value for RENB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RENB has a negative trend. |
| Stochastics (14,3) | 4.9 | OVERSOLD | The low Stochastics value suggests RENB may be oversold. |
| Average True Range in percent/ATR (20) | 16.18 | HIGH VOLATILITY | The high ATR as a percentage value for RENB suggests high volalility. |
| Average Directional Index/ADX (14) | 35.29 | POSITIVE | The high ADX value value for RENB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.2793
+0.01 (+2.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.68%
1 Week-21.92%
2 Weeks-22.31%
1 Month-3.02%
3 Month-28.86%
6 Month-69.84%
12 Month-82.54%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%16.18%
ATR Inc-49.13%
Range Today0.02
ADR(20)0.04
ADR(20)%15.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.15
Mansfield-6.21
10 Day High0.39
10 Day Low0.27
20 Day High0.42
20 Day Low0.27
52 Week High2.1
52 Week Low0.27
CS1 End0.29
CR1 Start0.37
Volume & EV
DER(3)-8.39%
DER(5)-18.07%
Volume823.90K
Volume Incr-52.57%
Vol(5)3.57M
Vol(50)4.10M