ATRENEW INC (RERE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RERE - US00138L1089 - ADR
Overall RERE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, RERE has proven to be a steady performer, scoring decent points in every aspect analyzed.
RERE has an excellent technical rating, but the quality of the setup is only medium 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.
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2.12
We found 6 important support areas.
- A support zone ranging from 5.17 to 5.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.37 to 4.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.14 to 4.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.72 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 | 93.49 | POSITIVE | RERE has a high relative strength, it outperformed 93.49% 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) | 77.24 | OVERBOUGHT | The high RSI value suggests RERE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests RERE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.81 | OVERBOUGHT | The high Stochastics value suggests RERE may be overbought. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for RERE suggests some volalility. |
| Average Directional Index/ADX (14) | 41.04 | POSITIVE | The high ADX value value for RERE suggests a strong trend. |
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 |
|---|---|---|---|
| 5.60 | 5.16 | 0.44 (7.86%) | 12.73% |
| An entry @5.60. This is a Buy Stop order right above the 10 day high. | An exit @5.16. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.44 points, which is 7.86%. | For a 1.00% total portfolio risk, you can invest 12.73% of your capital in this trade. |
- 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.
5.41
+0.15 (+2.85%)
ATRENEW INC / RERE FAQ
What is the technical rating for RERE stock?
ChartMill assigns a technical rating of 10 / 10 to RERE.
What is the current trend direction of ATRENEW INC (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 77.2409. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ATRENEW INC?
The MACD indicator for ATRENEW INC (RERE) has a value of 0.0762089, indicating a bearish trend.
What is the buy/sell signal for RERE stock?
The buy/sell signal for ATRENEW INC (RERE) is buy as both the short term and long term trends are positive.