LUNAI BIOWORKS INC (RENB) Technical Analysis
NASDAQ:RENB • US29350E1047
Current stock price
RENB Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to RENB. 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.
- 99% of all other stocks performed better in the past year than RENB.
- RENB is one of the lesser performing stocks in the Biotechnology industry. 88% of 517 stocks in the same industry do better.
- RENB is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so RENB is lagging the market.
- In the last month RENB has a been trading in the 1.13 - 2.31 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 2117790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RENB Weekly and Daily overview Charts
RENB 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.
More info and screens
RENB Support and Resistance Analysis
1.41
When analyzing the resistance we notice 3 important areas.
- Resistance @1.82 from a trend line in the daily time frame.
- Resistance @2.73 from a trend line in the daily time frame.
- Resistance @3.35 from a horizontal line in the daily time frame.
RENB 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 | 1.54 | NEGATIVE | RENB has a low relative strength, it was outperformed by 98.46% 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) | 34.49 | NEUTRAL | The RSI value for RENB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RENB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.38 | OVERSOLD | The low Stochastics value suggests RENB may be oversold. |
| Average True Range in percent/ATR (20) | 15.39 | HIGH VOLATILITY | The high ATR as a percentage value for RENB suggests high volalility. |
| Average Directional Index/ADX (14) | 23.09 | NEUTRAL | The ADX value for RENB suggests a possible start of a new trend. |
RENB Chart- and CandleStick Pattern Analysis
RENB Technicals: Chart, Performance Metrics, Trend & Indicators
1.42
+0.15 (+12.16%)
LUNAI BIOWORKS INC / RENB TA FAQ
What is the technical rating for RENB stock?
ChartMill assigns a technical rating of 0 / 10 to RENB.
Can you provide the trend direction for LUNAI BIOWORKS INC?
The current trend direction for LUNAI BIOWORKS INC (RENB) is Bearish.
What is the RSI signal for RENB stock?
LUNAI BIOWORKS INC (RENB) has an RSI value of 34.4857. This indicates that the stock is currently neutral.
What is the MACD signal for LUNAI BIOWORKS INC (RENB) stock?
The MACD indicator for LUNAI BIOWORKS INC (RENB) has a value of -0.0289806, indicating a bearish trend.
Can you provide the buy/sell signal for LUNAI BIOWORKS INC?
The buy/sell signal for LUNAI BIOWORKS INC (RENB) is sell as both the short term and long term trends are negative.