REDES ENERGETICAS NACIONAIS (RENE.LS) Stock Technical Analysis
ELI:RENE - Euronext Lisbon - PTREL0AM0008 - Common Stock - Currency: EUR
We assign a technical rating of 4 out of 10 to RENE. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
RENE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, RENE did better than 77% of all other stocks.
RENE is part of the Multi-Utilities industry. There are 12 other stocks in this industry. RENE outperforms 90% of them.
RENE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RENE is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
RENE has only a medium 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 2.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.94, a Stop Loss order could be placed below this zone.
More info and screens
2.27
3.01
We found 2 important support areas.
- A support zone ranging from 2.93 to 2.97. 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 2.30. 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 2.97 to 2.98. 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 | DOWN | NEGATIVE | The short term trend for RENE.LS is down. |
| ChartMill Relative Strength | 77.09 | POSITIVE | RENE.LS has a high relative strength, it outperformed 77.09% off all stocks 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) | 41.99 | NEUTRAL | The RSI value for RENE.LS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RENE.LS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.78 | OVERSOLD | The low Stochastics value suggests RENE.LS may be oversold. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for RENE.LS suggests low volalility. |
| Average Directional Index/ADX (14) | 22.79 | NEUTRAL | The ADX value for RENE.LS suggests a possible start of a new 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)
ELI:RENE (8/14/2025, 5:29:56 PM)
2.973
+0.01 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.44%
1 Week-0.84%
2 Weeks0.68%
1 Month-4.52%
3 Month3.32%
6 Month23.08%
12 Month24.37%
2 Year17.46%
3 Year12.12%
5 Year21.81%
10 Year10.78%
15 Year10.45%
Volatility
ATR(14)0.05
ATR(20)%1.88%
ATR Inc-51.87%
Range Today0.02
ADR(20)0.05
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.09
Mansfield0.28
10 Day High3.02
10 Day Low2.93
20 Day High3.27
20 Day Low2.93
52 Week High3.27
52 Week Low2.22
CS1 End2.94
CR1 Start2.97
Volume & EV
DER(3)-1.78%
DER(5)-2.76%
Volume134.01K
Volume Incr-41.04%
Vol(5)475.70K
Vol(50)693.22K