REDES ENERGETICAS NACIONAIS (RENE.LS) Stock Technical Analysis
Europe - Euronext Lisbon - ELI:RENE - PTREL0AM0008 - Common Stock
Taking everything into account, RENE scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RENE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although RENE has an excellent technical rating, it does not offer a high 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
2.85
4 important support areas can be observed.
- A support zone ranging from 3.22 to 3.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.16 from a trend line in the weekly time frame.
- A support zone ranging from 3.04 to 3.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.88 to 2.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.38 to 3.41. 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 | 88.65 | POSITIVE | RENE.LS has a high relative strength, it outperformed 88.65% 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) | 63.44 | NEUTRAL | The RSI value for RENE.LS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RENE.LS has a positive trend. |
| Stochastics (14,3) | 89.33 | OVERBOUGHT | The high Stochastics value suggests RENE.LS may be overbought. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for RENE.LS suggests low volalility. |
| Average Directional Index/ADX (14) | 20.25 | NEUTRAL | The ADX value for RENE.LS suggests a possible start of a new trend. |
ELI:RENE (1/9/2026, 7:00:00 PM)
3.37
+0.01 (+0.3%)
REDES ENERGETICAS NACIONAIS / RENE.LS FAQ
Can you provide the ChartMill technical rating for REDES ENERGETICAS NACIONAIS?
ChartMill assigns a technical rating of 10 / 10 to RENE.LS.
Can you provide the trend direction for REDES ENERGETICAS NACIONAIS?
The current trend direction for REDES ENERGETICAS NACIONAIS (RENE.LS) is Bullish.
Can you provide the RSI signal for REDES ENERGETICAS NACIONAIS?
REDES ENERGETICAS NACIONAIS (RENE.LS) has an RSI value of 63.4432. This indicates that the stock is currently neutral.
What is the short term momentum for RENE stock?
The short term momentum for REDES ENERGETICAS NACIONAIS (RENE.LS) is positive.
What is the support and resistance level for RENE stock?
REDES ENERGETICAS NACIONAIS (RENE.LS) has a support level at 3.29 and a resistance level at 3.38. Check the full technical report for our detailed analysis of RENE.LS support and resistance levels.