RENT THE RUNWAY INC-A (RENT) Stock Technical Analysis
NASDAQ:RENT - Nasdaq - US76010Y2028 - Common Stock - Currency: USD
Overall RENT gets a technical rating of 4 out of 10. In the past year, RENT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
93% of all other stocks performed better in the past year than RENT.
RENT is part of the Specialty Retail industry. There are 120 other stocks in this industry, of which 81% are performing better than RENT.
RENT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so RENT is lagging the market.
In the last month RENT has a been trading in the 3.69 - 6.94 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
RENT has an average technical rating and it also does not offer a high 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
3.76
8.95
We found 2 important support areas.
- Support @4.03 from a trend line in the daily time frame.
- Support @3.80 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @6.36 from a trend line in the daily time frame.
- A resistance zone ranging from 6.55 to 6.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.86 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 | UP | POSITIVE | The short term trend for RENT is up. |
| ChartMill Relative Strength | 7.77 | NEGATIVE | RENT has a low relative strength, it was outperformed by 92.23% 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) | UP | POSITIVE | The current price of RENT is above the rising 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) | 58.21 | NEUTRAL | The RSI value for RENT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests RENT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.98 | NEUTRAL | The Stochastics value for RENT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.09 | HIGH VOLATILITY | The high ATR as a percentage value for RENT suggests high volalility. |
| Average Directional Index/ADX (14) | 27.97 | POSITIVE | The high ADX value value for RENT suggests a strong 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)
5.95
-0.24 (-3.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-3.88%
1 Week-10.39%
2 Weeks38.69%
1 Month43.37%
3 Month-8.32%
6 Month-38.02%
12 Month-79.62%
2 Year-85.2%
3 Year-93.13%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%9.09%
ATR Inc11.35%
Range Today0.66
ADR(20)0.53
ADR(20)%8.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.77
Mansfield-4.29
10 Day High6.94
10 Day Low4.3
20 Day High6.94
20 Day Low3.69
52 Week High30.99
52 Week Low3.69
CS1 End4.03
CR1 Start6.36
Volume & EV
DER(3)7.27%
DER(5)10.59%
Volume26.80K
Volume Incr-43.36%
Vol(5)35.32K
Vol(50)70.17K