REDES ENERGETICAS NACIONAIS (RENE.LS) Stock Technical Analysis
Europe - Euronext Lisbon - ELI:RENE - PTREL0AM0008 - Common Stock
We assign a technical rating of 8 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.
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
2.31
4 important support areas can be observed.
- Support @3.09 from a trend line in the weekly time frame.
- Support @3.03 from a trend line in the daily time frame.
- A support zone ranging from 2.88 to 2.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.33 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.24 to 3.29. 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 3.36 to 3.41. 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 | NEUTRAL | NEUTRAL | The short term trend for RENE.LS is neutral. |
| ChartMill Relative Strength | 88.64 | POSITIVE | RENE.LS has a high relative strength, it outperformed 88.64% 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) | 41.56 | 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. |
| Stochastics (14,3) | 20.73 | NEUTRAL | The Stochastics value for RENE.LS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.3 | LOW VOLATILITY | The low ATR as a percentage value for RENE.LS suggests low volalility. |
| Average Directional Index/ADX (14) | 21.32 | NEUTRAL | The ADX value for RENE.LS suggests a possible start of a new trend. |
ELI:RENE (12/12/2025, 7:00:00 PM)
3.22
0 (0%)
REDES ENERGETICAS NACIONAIS / RENE.LS FAQ
Can you provide the ChartMill technical rating for REDES ENERGETICAS NACIONAIS?
ChartMill assigns a technical rating of 8 / 10 to RENE.LS.
What is the trend direction for RENE stock?
The current trend direction for REDES ENERGETICAS NACIONAIS (RENE.LS) is Bullish.
What is the RSI signal for RENE stock?
REDES ENERGETICAS NACIONAIS (RENE.LS) has an RSI value of 41.5551. 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 -0.014721, indicating a bearish trend.
What are the support and resistance levels for REDES ENERGETICAS NACIONAIS (RENE.LS) stock?
REDES ENERGETICAS NACIONAIS (RENE.LS) has a support level at 3.09 and a resistance level at 3.24. Check the full technical report for our detailed analysis of RENE.LS support and resistance levels.