RENREN INC-ADR (RENN) Technical Analysis
NYSE:RENN • US7598923008
Current stock price
RENN Technical Rating and Analysis
Taking everything into account, RENN scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. RENN was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, RENN is a bad performer in the overall market: 92% of all stocks are doing better.
- RENN is one of the lesser performing stocks in the Software industry. 66% of 278 stocks in the same industry do better.
- RENN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so RENN is lagging the market.
- In the last month RENN has a been trading in the 0.87 - 1.80 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RENN Weekly and Daily overview Charts
RENN Setup Rating and Analysis
RENN has an average technical rating and it also 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
RENN Support and Resistance Analysis
1.63
When analyzing the resistance we notice one important area.
- Resistance @1.71 from a horizontal line in the daily time frame.
RENN 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 | DOWN | NEGATIVE | The long term trend for RENN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RENN is up. |
| ChartMill Relative Strength | 8.66 | NEGATIVE | RENN has a low relative strength, it was outperformed by 91.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RENN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RENN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RENN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 75.91 | OVERBOUGHT | The high RSI value suggests RENN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests RENN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.46 | OVERBOUGHT | The high Stochastics value suggests RENN may be overbought. |
| Average True Range in percent/ATR (20) | 7.29 | HIGH VOLATILITY | The high ATR as a percentage value for RENN suggests high volalility. |
| Average Directional Index/ADX (14) | 51.31 | POSITIVE | The high ADX value value for RENN suggests a strong trend. |
RENN Chart- and CandleStick Pattern Analysis
RENN Technicals: Chart, Performance Metrics, Trend & Indicators
1.65
-0.05 (-2.94%)
RENREN INC-ADR / RENN TA FAQ
Can you provide the ChartMill technical rating for RENREN INC-ADR?
ChartMill assigns a technical rating of 4 / 10 to RENN.
What is the trend direction for RENN stock?
The current trend direction for RENREN INC-ADR (RENN) is Bearish.
What is the RSI signal for RENREN INC-ADR (RENN) stock?
RENREN INC-ADR (RENN) has an RSI value of 75.9065. This indicates that the stock is currently overbought.
What is the MACD signal for RENREN INC-ADR (RENN) stock?
The MACD indicator for RENREN INC-ADR (RENN) has a value of 0.059107, indicating a bearish trend.
Can you provide the support and resistance levels for RENREN INC-ADR?
RENREN INC-ADR (RENN) has a resistance level at 1.71. Check the full technical report for our detailed analysis of RENN support and resistance levels.