REDES ENERGETICAS NACIONAIS (RENE.LS) Stock Technical Analysis
ELI:RENE - Euronext Lisbon - PTREL0AM0008 - Common Stock - Currency: EUR
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.
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 92% of all stocks.
RENE is part of the Multi-Utilities industry. There are 14 other stocks in this industry. RENE outperforms 76% of them.
RENE is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so RENE is leading the market.
In the last month RENE has a been trading in the 2.64 - 2.92 range, which is quite wide. It is currently trading near the high of this range.
RENE has an average volume of 1032340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RENE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.92. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.26
2.95
3 important support areas can be observed.
- A support zone ranging from 2.65 to 2.79. 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.
- A support zone ranging from 2.28 to 2.29. 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 2.92 to 2.92. 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 | 92.36 | POSITIVE | RENE.LS has a high relative strength, it outperformed 92.36% 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) | 59.53 | NEUTRAL | The RSI value for RENE.LS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RENE.LS has a positive trend. |
| Stochastics (14,3) | 92.81 | OVERBOUGHT | The high Stochastics value suggests RENE.LS may be overbought. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for RENE.LS suggests low volalility. |
| Average Directional Index/ADX (14) | 17.95 | NEGATIVE | The low ADX value for RENE.LS suggests a weak or negative 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)
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 |
|---|---|---|---|
| 2.93 | 2.69 | 0.24 (8.36%) | 11.96% |
| An entry @2.93. This is a Buy Stop order right above the resistance zone. | An exit @2.69. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.24 points, which is 8.36%. | For a 1.00% total portfolio risk, you can invest 11.96% 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 (5/28/2025, 5:29:47 PM)
2.913
+0.01 (+0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.28%
1 Week0.69%
2 Weeks7%
1 Month2.29%
3 Month18.81%
6 Month18.09%
12 Month26.58%
2 Year15.97%
3 Year0.69%
5 Year20.04%
10 Year9.13%
15 Year11.13%
Volatility
ATR(14)0.06
ATR(20)%1.99%
ATR Inc-24.1%
Range Today0.03
ADR(20)0.06
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.36
Mansfield1.32
10 Day High2.93
10 Day Low2.7
20 Day High2.93
20 Day Low2.64
52 Week High2.93
52 Week Low2.22
CS1 End2.79
CR1 Start2.92
Volume & EV
DER(3)0.6%
DER(5)-1.99%
Volume267.96K
Volume Incr-18.83%
Vol(5)878.14K
Vol(50)1.03M