REDES ENERGETICAS NACIONAIS (RENE.LS) Stock Technical Analysis
Europe - ELI:RENE - PTREL0AM0008 - Common Stock
Taking everything into account, RENE scores 3 out of 10 in our technical rating. In the last year, RENE was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
RENE has a bad technical rating, but it does show 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 2.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.96, a Stop Loss order could be placed below this zone.
More info and screens
2.27
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.92 to 2.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.29 to 2.31. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.98 to 3.02. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for RENE.LS is neutral. |
| ChartMill Relative Strength | 66.27 | NEUTRAL | RENE.LS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RENE.LS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RENE.LS is below a declining 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) | 48 | NEUTRAL | The RSI value for RENE.LS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RENE.LS has a positive trend. |
| Stochastics (14,3) | 56.55 | NEUTRAL | The Stochastics value for RENE.LS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for RENE.LS suggests low volalility. |
| Average Directional Index/ADX (14) | 14.15 | NEGATIVE | The low ADX value for RENE.LS suggests a weak or negative trend. |
ELI:RENE (9/12/2025, 7:00:00 PM)
2.97
+0.01 (+0.17%)