RENREN INC-ADR (RENN) Stock Technical Analysis
NYSE:RENN - New York Stock Exchange, Inc. - US7598923008 - ADR - Currency: USD
Taking everything into account, RENN scores 4 out of 10 in our technical rating. In the past year, RENN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
92% of all other stocks performed better in the past year than RENN.
RENN is part of the Software industry. There are 283 other stocks in this industry, of which 82% are performing better than RENN.
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 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
1.63
1.73
When analyzing the resistance we notice one important area.
- Resistance @1.71 from a horizontal line in the daily time frame.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.65
-0.05 (-2.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.94%
1 Week15.38%
2 Weeks29.92%
1 Month73.68%
3 Month19.57%
6 Month18.71%
12 Month-94.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%7.29%
ATR Inc29.55%
Range Today0.15
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.66
Mansfield-9.04
10 Day High1.8
10 Day Low1.21
20 Day High1.8
20 Day Low0.87
52 Week High33.91
52 Week Low0.87
CS1 EndN/A
CR1 Start1.71
Volume & EV
DER(3)3.07%
DER(5)5.17%
Volume74.50K
Volume Incr31.64%
Vol(5)66.76K
Vol(50)40.91K