RENT THE RUNWAY INC-A (RENT) Stock Technical Analysis
NASDAQ:RENT - US76010Y2028 - Common Stock
5.61 USD
0 (0%)
5.3669 USD
-0.24 (-4.33%)
We assign a technical rating of 3 out of 10 to RENT. In the last year, RENT was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
94% of all other stocks performed better in the past year than RENT.
RENT is part of the Specialty Retail industry. There are 123 other stocks in this industry, of which 81% are performing better than RENT.
RENT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RENT has a been trading in the 4.16 - 6.16 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of RENT is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.76
8.78
2 important support areas can be observed.
- Support @4.38 from a trend line in the daily time frame.
- Support @3.80 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 5.62 to 5.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.81 to 6.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.27 from a trend line in the daily time frame.
- Resistance @8.69 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 | NEUTRAL | NEUTRAL | The long term trend for RENT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RENT is neutral. |
| ChartMill Relative Strength | 6.03 | NEGATIVE | RENT has a low relative strength, it was outperformed by 93.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RENT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RENT is above 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) | 63.11 | NEUTRAL | The RSI value for RENT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests RENT has a positive trend. |
| Stochastics (14,3) | 62.39 | NEUTRAL | The Stochastics value for RENT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.73 | HIGH VOLATILITY | The high ATR as a percentage value for RENT suggests high volalility. |
| Average Directional Index/ADX (14) | 18.16 | NEGATIVE | The low ADX value for RENT suggests a weak or negative 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)
5.61
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg0%
1 Week18.35%
2 Weeks30.16%
1 Month8.3%
3 Month-5.71%
6 Month-13.56%
12 Month-59.05%
2 Year-79.67%
3 Year-93.7%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%7.73%
ATR Inc212.46%
Range Today0.38
ADR(20)0.41
ADR(20)%7.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.03
Mansfield-2.97
10 Day High6.16
10 Day Low4.16
20 Day High6.16
20 Day Low4.16
52 Week High15.41
52 Week Low3.69
CS1 End4.38
CR1 Start5.62
Volume & EV
DER(3)-4.85%
DER(5)-20.61%
Volume152.40K
Volume Incr527.3%
Vol(5)475.18K
Vol(50)114.18K