REDES ENERGETICAS NACIONAIS (RENE.LS) Technical Analysis
ELI:RENE • PTREL0AM0008
Current stock price
RENE.LS Technical Rating and Analysis
Overall RENE gets a technical rating of 10 out of 10. 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.
- 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 91% 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 19 other stocks in this industry. RENE outperforms 77% of them.
- RENE is currently trading near its 52 week high, which is a good sign. 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 3.66 - 3.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 3.82. Right above this resistance zone may be a good entry point.
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RENE.LS Support and Resistance Analysis
3.19
4 important support areas can be observed.
- Support @3.68 from a horizontal line in the daily time frame.
- A support zone ranging from 3.43 to 3.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.32 from a trend line in the weekly time frame.
- Support @3.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.82 to 3.89. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for RENE.LS is up. |
| ChartMill Relative Strength | 91.16 | POSITIVE | RENE.LS has a high relative strength, it outperformed 91.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RENE.LS is below 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) | 50.41 | 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) | 72.67 | NEUTRAL | The Stochastics value for RENE.LS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for RENE.LS suggests some volalility. |
| Average Directional Index/ADX (14) | 29.16 | POSITIVE | The high ADX value value for RENE.LS suggests a strong 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 |
|---|---|---|---|
| 3.90 | 3.73 | 0.17 (4.49%) | 22.29% |
| An entry @3.90. This is a Buy Stop order right above the resistance zone. | An exit @3.73. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.17 points, which is 4.49%. | When investing 22.29% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (3/20/2026, 7:00:00 PM)
3.77
-0.1 (-2.58%)
REDES ENERGETICAS NACIONAIS / RENE.LS TA 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 50.4077. This indicates that the stock is currently neutral.
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 3.68 and a resistance level at 3.82. Check the full technical report for our detailed analysis of RENE.LS support and resistance levels.