NASDAQ:RENT • US76010Y2028
We assign a technical rating of 1 out of 10 to RENT. RENT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, RENT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
3.92
We found 4 important support areas.
5 important resistance areas can be observed.
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 | DOWN | NEGATIVE | The short term trend for RENT is down. |
| ChartMill Relative Strength | 77.31 | POSITIVE | RENT has a high relative strength, it outperformed 77.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RENT is below 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) | UP | POSITIVE | The current price of RENT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.06 | NEUTRAL | The RSI value for RENT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RENT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34 | NEUTRAL | The Stochastics value for RENT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.58 | HIGH VOLATILITY | The high ATR as a percentage value for RENT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.74 | NEGATIVE | The low ADX value for RENT suggests a weak or negative trend. |
5.97
-0.31 (-4.94%)
ChartMill assigns a technical rating of 1 / 10 to RENT.
The current trend direction for RENT THE RUNWAY INC-A (RENT) is Bearish.
RENT THE RUNWAY INC-A (RENT) has an RSI value of 38.0576. This indicates that the stock is currently neutral.
RENT THE RUNWAY INC-A (RENT) has a support level at 5.96 and a resistance level at 6. Check the full technical report for our detailed analysis of RENT support and resistance levels.