Renovare Environmental Inc (RENO) Stock Technical Analysis
NASDAQ:RENO - Nasdaq - US09074B1070 - Common Stock
Overall RENO gets a technical rating of 0 out of 10. 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 one of the lesser performing stocks in the Commercial Services & Supplies industry. 92% of 83 stocks in the same industry do better.
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.
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
0.17
0.27
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.
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. |
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)
0.1721
-0.05 (-21.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-21.77%
1 Week-26.36%
2 Weeks-21.91%
1 Month-29.76%
3 Month-60.89%
6 Month-78.03%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%24.88%
ATR Inc29.75%
Range Today0.06
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
CRS0
Mansfield-30
10 Day High0.32
10 Day Low0.17
20 Day High0.32
20 Day Low0.17
52 Week High0.84
52 Week Low0.17
CS1 EndN/A
CR1 Start0.24
Volume & EV
DER(3)-20.16%
DER(5)-10.4%
Volume1.57M
Volume Incr250.48%
Vol(5)1.29M
Vol(50)421.14K