ATRENEW INC (RERE) Stock Technical Analysis
USA - NYSE:RERE - US00138L1089 - ADR
3.8 USD
-0.26 (-6.4%)
3.9 USD
+0.1 (+2.63%)
Overall RERE gets a technical rating of 5 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.
In the last month RERE has a been trading in the 3.71 - 4.85 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
RERE is one of the better performing stocks in the Specialty Retail industry, it outperforms 83% of 120 stocks in the same industry.
RERE has an average volume of 2459460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, RERE did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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.
RERE 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
2.12
4.78
We found 5 important support areas.
- A support zone ranging from 3.74 to 3.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.58 from a trend line in the weekly time frame.
- Support @2.42 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.80 to 3.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.73 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 | UP | POSITIVE | The long term trend for RERE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RERE is down. |
| ChartMill Relative Strength | 84.66 | POSITIVE | RERE has a high relative strength, it outperformed 84.66% 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) | 37.49 | NEUTRAL | The RSI value for RERE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests RERE has a negative trend. |
| Stochastics (14,3) | 22.51 | NEUTRAL | The Stochastics value for RERE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.78 | HIGH VOLATILITY | The high ATR as a percentage value for RERE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.79 | NEUTRAL | The ADX value for RERE suggests a possible start of a new 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)
3.8
-0.26 (-6.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-6.4%
1 Week-9.52%
2 Weeks-16.67%
1 Month-11.21%
3 Month3.26%
6 Month77.57%
12 Month45.59%
2 Year158.5%
3 Year130.3%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%6.78%
ATR Inc-13.26%
Range Today0.34
ADR(20)0.25
ADR(20)%6.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.66
Mansfield1.07
10 Day High4.64
10 Day Low3.71
20 Day High4.85
20 Day Low3.71
52 Week High4.93
52 Week Low2
CS1 End3.74
CR1 Start3.8
Volume & EV
DER(3)1.26%
DER(5)1.12%
Volume3.18M
Volume Incr63.42%
Vol(5)2.38M
Vol(50)2.46M