REDES ENERGETICAS NACIONAIS (RENE.LS) Stock Technical Analysis
Europe - ELI:RENE - PTREL0AM0008 - Common Stock
Overall RENE gets a technical rating of 10 out of 10. 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.
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
2.27
3 important support areas can be observed.
- A support zone ranging from 3.00 to 3.01. 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.
- A support zone ranging from 2.29 to 2.32. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | 91.23 | POSITIVE | RENE.LS has a high relative strength, it outperformed 91.23% 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) | 77.02 | OVERBOUGHT | The high RSI value suggests RENE.LS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RENE.LS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.75 | OVERBOUGHT | The high Stochastics value suggests RENE.LS may be overbought. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for RENE.LS suggests low volalility. |
| Average Directional Index/ADX (14) | 49.5 | POSITIVE | The high ADX value value for RENE.LS suggests a strong trend. |
ELI:RENE (11/7/2025, 7:00:00 PM)
3.35
-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.
What is the trend direction for RENE stock?
The current trend direction for REDES ENERGETICAS NACIONAIS (RENE.LS) is Bullish.
What is the RSI signal for RENE stock?
REDES ENERGETICAS NACIONAIS (RENE.LS) has an RSI value of 77.0216. This indicates that the stock is currently overbought.
Can you provide the MACD signal for REDES ENERGETICAS NACIONAIS?
The MACD indicator for REDES ENERGETICAS NACIONAIS (RENE.LS) has a value of 0.0161273, indicating a bearish trend.
What are the support and resistance levels for REDES ENERGETICAS NACIONAIS (RENE.LS) stock?
REDES ENERGETICAS NACIONAIS (RENE.LS) has a support level at 3.01. Check the full technical report for our detailed analysis of RENE.LS support and resistance levels.