ATRENEW INC (RERE) Stock Technical Analysis
USA - NYSE:RERE - US00138L1089 - ADR
4.67 USD
-0.01 (-0.21%)
4.7 USD
+0.03 (+0.64%)
Taking everything into account, RERE scores 10 out of 10 in our technical rating. 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, RERE did better than 93% of all other stocks. We also observe that the gains produced by RERE over the past year are nicely spread over this period.
RERE is one of the better performing stocks in the Specialty Retail industry, it outperforms 94% of 122 stocks in the same industry.
RERE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RERE is lagging the market slightly.
RERE has an average volume of 2684050 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 4.09 - 4.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, RERE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.41, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
2.12
4.79
7 important support areas can be observed.
- A support zone ranging from 4.33 to 4.41. 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 4.17 to 4.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.76 from a trend line in the daily time frame.
- Support @3.64 from a trend line in the weekly time frame.
- Support @2.53 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.
We found 1 important resistance area.
- A resistance zone ranging from 4.73 to 4.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 93.04 | POSITIVE | RERE has a high relative strength, it outperformed 93.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RERE is above a declining 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) | 61.53 | NEUTRAL | The RSI value for RERE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RERE has a positive trend. |
| Stochastics (14,3) | 81.1 | OVERBOUGHT | The high Stochastics value suggests RERE may be overbought. |
| Average True Range in percent/ATR (20) | 5.53 | HIGH VOLATILITY | The high ATR as a percentage value for RERE suggests high volalility. |
| Average Directional Index/ADX (14) | 21.5 | 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)
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 |
|---|---|---|---|
| 4.75 | 4.32 | 0.43 (9.05%) | 11.05% |
| An entry @4.75. This is a Buy Stop order right above the resistance zone. | An exit @4.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.43 points, which is 9.05%. | When investing 11.05% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
4.67
-0.01 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.21%
1 Week9.11%
2 Weeks8.35%
1 Month-1.27%
3 Month33.81%
6 Month60.48%
12 Month84.59%
2 Year104.82%
3 Year103.04%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%5.53%
ATR Inc1.95%
Range Today0.19
ADR(20)0.25
ADR(20)%5.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.04
Mansfield3.83
10 Day High4.7
10 Day Low4.15
20 Day High4.89
20 Day Low4.09
52 Week High4.93
52 Week Low2
CS1 End4.41
CR1 Start4.73
Volume & EV
DER(3)1.59%
DER(5)1.36%
Volume793.14K
Volume Incr-18.49%
Vol(5)1.74M
Vol(50)2.68M