Renovare Environmental Inc (RENO) Technical Analysis
NASDAQ:RENO • US09074B1070
Current stock price
RENO Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to RENO. RENO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, RENO is a bad performer in the overall market: 100% of all stocks are doing better.
- RENO is part of the Commercial Services & Supplies industry. There are 82 other stocks in this industry, of which 91% are performing better than RENO.
- RENO is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so RENO is lagging the market.
- In the last month RENO has a been trading in the 0.17 - 0.32 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
RENO Weekly and Daily overview Charts
RENO Setup Rating and Analysis
The technical rating of RENO is bad and it also does not present a 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
RENO Support and Resistance Analysis
0.17
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.27 from a horizontal line in the daily time frame.
RENO 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 RENO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RENO is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | RENO has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RENO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RENO is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 32.58 | NEUTRAL | The RSI value for RENO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RENO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 12.91 | OVERSOLD | The low Stochastics value suggests RENO may be oversold. |
| Average True Range in percent/ATR (20) | 24.88 | HIGH VOLATILITY | The high ATR as a percentage value for RENO suggests high volalility. |
RENO Chart- and CandleStick Pattern Analysis
RENO Technicals: Chart, Performance Metrics, Trend & Indicators
0.1721
-0.05 (-21.77%)
Renovare Environmental Inc / RENO TA FAQ
What is the technical rating for RENO stock?
ChartMill assigns a technical rating of 0 / 10 to RENO.
Can you provide the trend direction for Renovare Environmental Inc?
The current trend direction for Renovare Environmental Inc (RENO) is Bearish.
Can you provide the RSI signal for Renovare Environmental Inc?
Renovare Environmental Inc (RENO) has an RSI value of 32.5752. This indicates that the stock is currently neutral.
What is the buy/sell signal for RENO stock?
The buy/sell signal for Renovare Environmental Inc (RENO) is sell as both the short term and long term trends are negative.
What is the support and resistance level for RENO stock?
Renovare Environmental Inc (RENO) has a resistance level at 0.24. Check the full technical report for our detailed analysis of RENO support and resistance levels.