ATRENEW INC (RERE) Stock Technical Analysis
NYSE:RERE - New York Stock Exchange, Inc. - US00138L1089 - ADR - Currency: USD
Overall RERE gets a technical rating of 3 out of 10. RERE 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, RERE turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
RERE is part of the Specialty Retail industry. There are 121 other stocks in this industry, RERE did better than 70% of them.
RERE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RERE is lagging the market slightly.
In the last month RERE has a been trading in the 2.34 - 2.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RERE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.79. Right above this resistance zone may be a good entry point.
More info and screens
2.12
3.56
We found 3 important support areas.
- Support @2.33 from a horizontal line in the daily time frame.
- Support @2.22 from a trend line in the weekly time frame.
- Support @2.14 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.79 to 2.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.44 from a horizontal line in the daily time frame.
- Resistance @3.52 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 | NEUTRAL | NEUTRAL | The long term trend for RERE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RERE is neutral. |
| ChartMill Relative Strength | 62.56 | NEUTRAL | RERE is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of RERE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RERE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.02 | NEUTRAL | The RSI value for RERE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RERE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.73 | NEUTRAL | The Stochastics value for RERE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.5 | HIGH VOLATILITY | The high ATR as a percentage value for RERE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.12 | NEGATIVE | The low ADX value for RERE suggests a weak or negative 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)
2.62
-0.05 (-1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.87%
1 Week-6.76%
2 Weeks6.5%
1 Month9.62%
3 Month-9.97%
6 Month-7.42%
12 Month13.42%
2 Year-6.09%
3 Year-12.67%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%5.5%
ATR Inc-5.41%
Range Today0.14
ADR(20)0.13
ADR(20)%5.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.56
Mansfield-0.26
10 Day High2.95
10 Day Low2.52
20 Day High2.95
20 Day Low2.34
52 Week High3.7
52 Week Low2
CS1 End2.33
CR1 Start2.79
Volume & EV
DER(3)-5.11%
DER(5)-4.69%
Volume360.00K
Volume Incr-34.17%
Vol(5)670.80K
Vol(50)969.93K