ATRENEW INC (RERE) Technical Analysis
NYSE:RERE • US00138L1089
Current stock price
RERE Technical Rating and Analysis
Overall RERE gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that RERE is one of the better performing stocks in the market, outperforming 89% of all stocks.
- RERE is part of the Specialty Retail industry. There are 124 other stocks in this industry. RERE outperforms 90% of them.
- RERE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RERE is performing more or less in line with the market.
- RERE has an average volume of 1365470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month RERE has a been trading in the 5.16 - 6.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
RERE Weekly and Daily overview Charts
RERE Setup Rating and Analysis
Besides having an excellent technical rating, RERE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for RERE in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
RERE Support and Resistance Analysis
2.12
When analyzing the support we can see 6 important areas.
- Support @5.35 from a trend line in the daily time frame.
- A support zone ranging from 5.19 to 5.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.90 from a trend line in the daily time frame.
- Support @4.18 from a horizontal line in the daily time frame.
- Support @2.20 from a horizontal line in the weekly time frame.
- Support @2.14 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @5.90 from a horizontal line in the weekly time frame.
- Resistance @6.18 from a horizontal line in the daily time frame.
- A resistance zone ranging from 6.34 to 6.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
RERE Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for RERE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RERE is neutral. |
| ChartMill Relative Strength | 89.61 | POSITIVE | RERE has a high relative strength, it outperformed 89.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RERE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RERE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RERE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.5 | NEUTRAL | The RSI value for RERE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RERE has a positive trend. |
| Stochastics (14,3) | 40.18 | NEUTRAL | The Stochastics value for RERE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.25 | HIGH VOLATILITY | The high ATR as a percentage value for RERE suggests high volalility. |
| Average Directional Index/ADX (14) | 12.9 | NEGATIVE | The low ADX value for RERE suggests a weak or negative trend. |
RERE Chart- and CandleStick Pattern Analysis
RERE Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.91 | 5.34 | 0.57 (9.64%) | 10.37% |
| An entry @5.91. This is a Buy Stop order right above the resistance zone. | An exit @5.34. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.57 points, which is 9.64%. | For a 1.00% total portfolio risk, you can invest 10.37% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RERE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
RERE Technicals: Chart, Performance Metrics, Trend & Indicators
5.65
+0.05 (+0.89%)
ATRENEW INC / RERE TA FAQ
What is the technical rating for RERE stock?
ChartMill assigns a technical rating of 7 / 10 to RERE.
What is the trend direction for RERE stock?
The current trend direction for ATRENEW INC (RERE) is Bullish.
What is the RSI signal for RERE stock?
ATRENEW INC (RERE) has an RSI value of 49.4955. This indicates that the stock is currently neutral.
What is the MACD signal for ATRENEW INC (RERE) stock?
The MACD indicator for ATRENEW INC (RERE) has a value of 0.000135897, indicating a bearish trend.
What are the support and resistance levels for ATRENEW INC (RERE) stock?
ATRENEW INC (RERE) has a support level at 5.35 and a resistance level at 5.9. Check the full technical report for our detailed analysis of RERE support and resistance levels.