REDES ENERGETICAS NACIONAIS (RENE.LS) Technical Analysis
ELI:RENE • PTREL0AM0008
Current stock price
RENE.LS Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to RENE. In the last year, RENE was one of the better performers, but we do observe some doubts in the very recent evolution.
- When comparing the yearly performance of all stocks, we notice that RENE is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by RENE over the past year are nicely spread over this period.
- RENE is part of the Multi-Utilities industry. There are 18 other stocks in this industry. RENE outperforms 82% 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.
- In the last month RENE has a been trading in the 3.64 - 3.95 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- 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.LS Weekly and Daily overview Charts
RENE.LS Setup Rating and Analysis
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 support zone below the current price at 3.74, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RENE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
RENE.LS Support and Resistance Analysis
3.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.65 to 3.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.53 to 3.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.41 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.76 to 3.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.93 to 3.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
RENE.LS Technical Indicator Signal Analysis
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 | 80.52 | POSITIVE | RENE.LS has a high relative strength, it outperformed 80.52% 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) | UP | MIXED | The current price of RENE.LS is below 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) | 47 | 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) | 21.6 | NEUTRAL | The Stochastics value for RENE.LS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for RENE.LS suggests low volalility. |
| Average Directional Index/ADX (14) | 18.54 | NEGATIVE | The low ADX value for RENE.LS suggests a weak or negative trend. |
RENE.LS Chart- and CandleStick Pattern Analysis
RENE.LS Example Setup
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 |
|---|---|---|---|
| 3.77 | 3.67 | 0.10 (2.63%) | 25.00% |
| An entry @3.77. This is a Buy Stop order right above the 10 day moving average. | An exit @3.67. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.10 points, which is 2.63%. | For a 0.66% total portfolio risk, you can invest 25.00% 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.
RENE.LS Technicals: Chart, Performance Metrics, Trend & Indicators
ELI:RENE (4/24/2026, 7:00:00 PM)
3.74
-0.01 (-0.27%)
REDES ENERGETICAS NACIONAIS / RENE.LS TA FAQ
Can you provide the ChartMill technical rating for REDES ENERGETICAS NACIONAIS?
ChartMill assigns a technical rating of 7 / 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.
What is the RSI signal for REDES ENERGETICAS NACIONAIS (RENE.LS) stock?
REDES ENERGETICAS NACIONAIS (RENE.LS) has an RSI value of 47.0047. This indicates that the stock is currently neutral.
Can you provide the MACD signal for REDES ENERGETICAS NACIONAIS?
The MACD indicator for REDES ENERGETICAS NACIONAIS (RENE.LS) has a value of -0.0120072, indicating a bearish trend.
What is the short term momentum for RENE stock?
The short term momentum for REDES ENERGETICAS NACIONAIS (RENE.LS) is negative.