ATRENEW INC (RERE) Stock Technical Analysis
NYSE:RERE - New York Stock Exchange, Inc. - US00138L1089 - ADR - Currency: USD
We assign a technical rating of 9 out of 10 to RERE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RERE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
RERE is one of the better performing stocks in the Specialty Retail industry, it outperforms 86% of 123 stocks in the same industry.
RERE has an average volume of 2148980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RERE did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
RERE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RERE is lagging the market.
In the last month RERE has a been trading in the 3.07 - 3.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although RERE has an excellent technical rating, it does not present a decent entry opportunity 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
2.12
3.64
6 important support areas can be observed.
- A support zone ranging from 3.18 to 3.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.10 to 3.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.41 from a trend line in the weekly time frame.
- Support @2.31 from a trend line in the weekly 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.
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 | UP | POSITIVE | The short term trend for RERE is up. |
| ChartMill Relative Strength | 90.32 | POSITIVE | RERE has a high relative strength, it outperformed 90.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RERE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RERE is above 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) | 58.6 | NEUTRAL | The RSI value for RERE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RERE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.97 | NEUTRAL | The Stochastics value for RERE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.85 | HIGH VOLATILITY | The high ATR as a percentage value for RERE suggests high volalility. |
| Average Directional Index/ADX (14) | 25.01 | POSITIVE | The high ADX value value for RERE 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)
3.6
+0.11 (+3.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg3.15%
1 Week15.38%
2 Weeks5.88%
1 Month1.41%
3 Month46.34%
6 Month12.5%
12 Month38.46%
2 Year59.29%
3 Year20.4%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%5.85%
ATR Inc-15.53%
Range Today0.12
ADR(20)0.2
ADR(20)%5.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.32
Mansfield1.78
10 Day High3.64
10 Day Low3.07
20 Day High3.85
20 Day Low3.07
52 Week High4.35
52 Week Low2
CS1 End3.2
CR1 StartN/A
Volume & EV
DER(3)1.54%
DER(5)-1.67%
Volume1.45M
Volume Incr-51.49%
Vol(5)1.67M
Vol(50)2.15M