Taking everything into account, RNEM scores 6 out of 10 in our technical rating. Although RNEM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, RNEM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 55.59, a Stop Loss order could be placed below this zone.
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47.75
When analyzing the support we can see 2 important areas.
- A support zone ranging from 53.58 to 55.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.23 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @56.14 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 RNEM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RNEM is up. |
| ChartMill Relative Strength | 63.02 | NEUTRAL | RNEM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RNEM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RNEM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RNEM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.42 | NEUTRAL | The RSI value for RNEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RNEM has a positive trend. |
| Stochastics (14,3) | 94.68 | OVERBOUGHT | The high Stochastics value suggests RNEM may be overbought. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for RNEM suggests low volalility. |
| Average Directional Index/ADX (14) | 35.63 | POSITIVE | The high ADX value value for RNEM 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 |
|---|---|---|---|
| 56.15 | 54.57 | 1.58 (2.81%) | 25.00% |
| An entry @56.15. This is a Buy Stop order right above the resistance zone. | An exit @54.57. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.58 points, which is 2.81%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- 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.
NASDAQ:RNEM (12/26/2025, 8:14:20 PM)
55.6272
+0.05 (+0.1%)
EMERGING MARKETS EQTY SELECT / RNEM FAQ
Can you provide the ChartMill technical rating for EMERGING MARKETS EQTY SELECT?
ChartMill assigns a technical rating of 6 / 10 to RNEM.
What is the current trend direction of EMERGING MARKETS EQTY SELECT (RNEM) stock?
The current trend direction for EMERGING MARKETS EQTY SELECT (RNEM) is Bullish.
What is the RSI signal for EMERGING MARKETS EQTY SELECT (RNEM) stock?
EMERGING MARKETS EQTY SELECT (RNEM) has an RSI value of 55.4211. This indicates that the stock is currently neutral.
What is the MACD signal for EMERGING MARKETS EQTY SELECT (RNEM) stock?
The MACD indicator for EMERGING MARKETS EQTY SELECT (RNEM) has a value of 0.0501563, indicating a bearish trend.
What is the short term momentum for EMERGING MARKETS EQTY SELECT (RNEM) stock?
The short term momentum for EMERGING MARKETS EQTY SELECT (RNEM) is positive.