REDES ENERGETICAS NACIONAIS (RENE.LS) Stock Technical Analysis
ELI:RENE - Euronext Lisbon - PTREL0AM0008 - Common Stock - Currency: EUR
Taking everything into account, RENE scores 10 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, RENE is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that RENE is one of the better performing stocks in the market, outperforming 84% of all stocks.
RENE is one of the better performing stocks in the Multi-Utilities industry, it outperforms 72% of 12 stocks in the same industry.
RENE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month RENE has a been trading in a tight range between 2.98 and 3.12.
RENE 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 3.10. Right above this resistance zone may be a good entry point.
More info and screens
2.27
3.13
We found 4 important support areas.
- A support zone ranging from 2.95 to 2.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.88 from a trend line in the daily time frame.
- A support zone ranging from 2.65 to 2.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.29 to 2.29. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.10 to 3.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 RENE.LS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RENE.LS is up. |
| ChartMill Relative Strength | 84.79 | POSITIVE | RENE.LS has a high relative strength, it outperformed 84.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RENE.LS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RENE.LS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RENE.LS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.42 | NEUTRAL | The RSI value for RENE.LS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RENE.LS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.67 | NEUTRAL | The Stochastics value for RENE.LS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for RENE.LS suggests low volalility. |
| Average Directional Index/ADX (14) | 28.08 | POSITIVE | The high ADX value value for RENE.LS 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)
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 |
|---|---|---|---|
| 3.11 | 3.01 | 0.10 (3.22%) | 25.00% |
| An entry @3.11. This is a Buy Stop order right above the resistance zone. | An exit @3.01. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 3.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- 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.
ELI:RENE (7/15/2025, 1:20:13 PM)
3.075
-0.02 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-0.65%
1 Week0%
2 Weeks2.31%
1 Month2.82%
3 Month8.98%
6 Month31.98%
12 Month31.7%
2 Year24.55%
3 Year11.93%
5 Year26.33%
10 Year13.41%
15 Year17.68%
Volatility
ATR(14)0.04
ATR(20)%1.37%
ATR Inc-14.63%
Range Today0.03
ADR(20)0.04
ADR(20)%1.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.79
Mansfield1.16
10 Day High3.12
10 Day Low3.02
20 Day High3.12
20 Day Low2.99
52 Week High3.12
52 Week Low2.22
CS1 End2.96
CR1 Start3.1
Volume & EV
DER(3)-0.33%
DER(5)0.66%
Volume50.91K
Volume Incr-14.42%
Vol(5)580.00K
Vol(50)805.66K