REDES ENERGETICAS NACIONAIS (RENE.LS) Stock Technical Analysis
ELI:RENE • PTREL0AM0008
We assign a technical rating of 10 out of 10 to RENE. Both in the recent history as in the last year, RENE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that RENE is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, RENE also shows a nice and consistent pattern of rising prices.
- RENE is one of the better performing stocks in the Multi-Utilities industry, it outperforms 72% of 19 stocks in the same industry.
- RENE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month RENE has a been trading in the 3.38 - 3.90 range, which is quite wide. It is currently trading near the high of this range.
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
2.91
We found 5 important support areas.
- A support zone ranging from 3.73 to 3.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.37 from a trend line in the daily time frame.
- A support zone ranging from 3.22 to 3.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.10 from a trend line in the weekly time frame.
- Support @2.94 from a horizontal line in the daily 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 | 91.19 | POSITIVE | RENE.LS has a high relative strength, it outperformed 91.19% 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) | 76.19 | OVERBOUGHT | The high RSI value suggests RENE.LS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RENE.LS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.04 | OVERBOUGHT | The high Stochastics value suggests RENE.LS may be overbought. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for RENE.LS suggests some volalility. |
| Average Directional Index/ADX (14) | 49.44 | POSITIVE | The high ADX value value for RENE.LS suggests a strong trend. |
ELI:RENE (2/26/2026, 5:29:50 PM)
3.84
+0.02 (+0.52%)
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.
Can you provide the trend direction for REDES ENERGETICAS NACIONAIS?
The current trend direction for REDES ENERGETICAS NACIONAIS (RENE.LS) is Bullish.
Can you provide the RSI signal for REDES ENERGETICAS NACIONAIS?
REDES ENERGETICAS NACIONAIS (RENE.LS) has an RSI value of 76.1878. This indicates that the stock is currently overbought.
What is the short term momentum for RENE stock?
The short term momentum for REDES ENERGETICAS NACIONAIS (RENE.LS) is positive.
What is the support and resistance level for RENE stock?
REDES ENERGETICAS NACIONAIS (RENE.LS) has a support level at 3.37 and a resistance level at 3.83. Check the full technical report for our detailed analysis of RENE.LS support and resistance levels.