REDES ENERGETICAS NACIONAIS (RENE.LS) Stock Technical Analysis
Europe - ELI:RENE - PTREL0AM0008 - Common Stock
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.
Besides having an excellent technical rating, RENE 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.
More info and screens
2.30
3 important support areas can be observed.
- A support zone ranging from 3.03 to 3.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 @2.32 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.31 to 3.41. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 90.56 | POSITIVE | RENE.LS has a high relative strength, it outperformed 90.56% 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) | 55.66 | 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) | 30.48 | NEUTRAL | The Stochastics value for RENE.LS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for RENE.LS suggests low volalility. |
| Average Directional Index/ADX (14) | 44.51 | POSITIVE | The high ADX value value for RENE.LS suggests a strong trend. |
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 |
|---|---|---|---|
| 3.36 | 3.27 | 0.09 (2.83%) | 25.00% |
| An entry @3.36. This is a Buy Stop order right above the 10 day moving average. | An exit @3.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 2.83%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
- 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 (11/21/2025, 7:00:00 PM)
3.31
-0.03 (-0.9%)
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.
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 55.6617. 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 -0.0131274, 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 3.04 and a resistance level at 3.31. Check the full technical report for our detailed analysis of RENE.LS support and resistance levels.