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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that RENE is one of the better performing stocks in the market, outperforming 93% of all stocks.
RENE is one of the better performing stocks in the Multi-Utilities industry, it outperforms 91% of 13 stocks in the same industry.
RENE is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
RENE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
RENE has an average volume of 1089450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, RENE 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 2.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.83, a Stop Loss order could be placed below this zone.
More info and screens
2.37
2.93
We found 4 important support areas.
- A support zone ranging from 2.77 to 2.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.63 to 2.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.46 from a horizontal line in the daily time frame.
- Support @2.39 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.86 to 2.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.45
Mansfield1.95
10 Day High2.89
10 Day Low2.72
20 Day High2.9
20 Day Low2.51
52 Week High2.9
52 Week Low2.22
Performance
1 Week0%
2 Weeks4.22%
1 Month4.22%
3 Month19.58%
6 Month23.75%
12 Month23.75%
2 Year7.78%
3 Year-1.73%
5 Year14.75%
10 Year1.79%
15 Year5.15%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)61
LBB2.64
UBB2.93
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 |
|---|---|---|---|
| 2.91 | 2.76 | 0.15 (5.15%) | 19.40% |
| An entry @2.91. This is a Buy Stop order right above the resistance zone. | An exit @2.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.15 points, which is 5.15%. | For a 1.00% total portfolio risk, you can invest 19.40% of your capital in this trade. |
- 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 (4/29/2025, 9:12:12 AM)
2.843
+0 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.11%
1 Week0%
2 Weeks4.22%
1 Month4.22%
3 Month19.58%
6 Month23.75%
12 Month23.75%
2 Year7.78%
3 Year-1.73%
5 Year14.75%
10 Year1.79%
15 Year5.15%
Volatility
ATR(14)0.07
ATR(20)%2.39%
ATR Inc-29.07%
Range Today0
ADR(20)0.06
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.45
Mansfield1.95
10 Day High2.89
10 Day Low2.72
20 Day High2.9
20 Day Low2.51
52 Week High2.9
52 Week Low2.22
CS1 End2.83
CR1 Start2.86
Volume & EV
DER(3)-1.91%
DER(5)-4.23%
Volume167
Volume Incr-25.63%
Vol(5)819.20K
Vol(50)1.09M