RENT THE RUNWAY INC-A (RENT) Stock Technical Analysis
USA - NASDAQ:RENT - US76010Y2028 - Common Stock
4.32 USD
-0.3 (-6.49%)
4.2 USD
-0.12 (-2.78%)
We assign a technical rating of 0 out of 10 to RENT. RENT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
91% of all other stocks performed better in the past year than RENT.
RENT is part of the Specialty Retail industry. There are 122 other stocks in this industry, of which 73% are performing better than RENT.
RENT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month RENT has a been trading in the 3.70 - 4.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RENT has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
3.72
7.46
2 important support areas can be observed.
- Support @3.95 from a horizontal line in the weekly time frame.
- A support zone ranging from 3.76 to 3.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.63 to 4.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.83 to 4.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.39 from a trend 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 RENT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RENT is neutral. |
| ChartMill Relative Strength | 9.11 | NEGATIVE | RENT has a low relative strength, it was outperformed by 90.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RENT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RENT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RENT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.21 | NEUTRAL | The RSI value for RENT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests RENT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.56 | NEUTRAL | The Stochastics value for RENT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.82 | HIGH VOLATILITY | The high ATR as a percentage value for RENT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.59 | NEUTRAL | The ADX value for RENT suggests a possible start of a new 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)
4.32
-0.3 (-6.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-6.49%
1 Week12.21%
2 Weeks9.37%
1 Month-4%
3 Month-8.86%
6 Month-34.94%
12 Month-53.94%
2 Year-59.9%
3 Year-83.76%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%7.82%
ATR Inc8.25%
Range Today0.41
ADR(20)0.33
ADR(20)%7.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.11
3 months CRS20.92
6 months CRS7.67
Mansfield-3.54
10 Day High4.76
10 Day Low3.7
20 Day High4.93
20 Day Low3.7
52 Week High13.66
52 Week Low3.69
CS1 End3.95
CR1 Start4.63
Volume & EV
DER(3)-9.42%
DER(5)-7.66%
Volume40.10K
Volume Incr0.46%
Vol(5)88.32K
Vol(50)128.75K
RENT THE RUNWAY INC-A / RENT FAQ
What is the technical rating for RENT stock?
ChartMill assigns a technical rating of 0 / 10 to RENT.
Can you provide the trend direction for RENT THE RUNWAY INC-A?
The current trend direction for RENT THE RUNWAY INC-A (RENT) is Bearish.
Can you provide the RSI signal for RENT THE RUNWAY INC-A?
RENT THE RUNWAY INC-A (RENT) has an RSI value of 48.2114. This indicates that the stock is currently neutral.
What is the MACD signal for RENT stock?
The MACD indicator for RENT THE RUNWAY INC-A (RENT) has a value of 0.0720364, indicating a bearish trend.
What is the short term momentum for RENT stock?
The short term momentum for RENT THE RUNWAY INC-A (RENT) is neutral.