RENB Technical Analysis - LUNAI BIOWORKS INC

Technical Rating and Analysis

Overall RENB gets a technical rating of 0 out of 10. RENB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

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: 99% of all stocks are doing better.

RENB is part of the Biotechnology industry. There are 538 other stocks in this industry, of which 88% 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 0.13 - 0.26 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.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

RENB has an average volume of 1999040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LUNAI BIOWORKS INC / RENB Weekly stock chart

LUNAI BIOWORKS INC / RENB Daily stock chart

Setup Rating and Analysis

The technical rating of RENB is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.13

0.19

When analyzing the resistance we notice one important area.

A resistance zone ranging from 0.19 to 0.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	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	1.29	NEGATIVE	RENB has a low relative strength, it was outperformed by 98.71% 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)	27.91	OVERSOLD	The low RSI value suggests RENB may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests RENB has a negative trend.
Stochastics (14,3)	12.96	OVERSOLD	The low Stochastics value suggests RENB may be oversold.
Average True Range in percent/ATR (20)	16.81	HIGH VOLATILITY	The high ATR as a percentage value for RENB suggests high volalility.
Average Directional Index/ADX (14)	19.51	NEGATIVE	The low ADX value for RENB suggests a weak or negative trend.