EMERGING MARKETS EQTY SELECT (RNEM) Stock Technical Analysis
NASDAQ:RNEM - Nasdaq - US33738R7796 - ETF - Currency: USD
Overall RNEM gets a technical rating of 6 out of 10. RNEM has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month RNEM has a been trading in the 54.14 - 57.82 range, which is quite wide. It is currently trading near the lows of this range.
Warning: RNEM has an average volume of 1291 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
RNEM 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 RNEM is lagging the market slightly.
When comparing the performance of all stocks over the past year, RNEM turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
Volume is considerably higher in the last couple of days.
RNEM 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
46.89
56.70
When analyzing the support we can see 3 important areas.
- A support zone ranging from 53.93 to 54.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.23 from a trend line in the weekly time frame.
- A support zone ranging from 47.36 to 48.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.83 to 56.14. This zone is formed by a combination of multiple trend lines and important moving averages 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 RNEM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNEM is neutral. |
| ChartMill Relative Strength | 47.2 | NEUTRAL | RNEM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RNEM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RNEM is below 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) | 47.01 | NEUTRAL | The RSI value for RNEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests RNEM has a negative trend. |
| Stochastics (14,3) | 21.92 | NEUTRAL | The Stochastics value for RNEM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for RNEM suggests low volalility. |
| Average Directional Index/ADX (14) | 26.6 | POSITIVE | The high ADX value value for RNEM suggests a strong 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)
NASDAQ:RNEM (7/14/2025, 8:02:23 PM)
54.8
-0.26 (-0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.47%
1 Week-1.31%
2 Weeks-1.01%
1 Month-1.01%
3 Month7.32%
6 Month12.32%
12 Month3.59%
2 Year6.57%
3 Year25.47%
5 Year25.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%1.1%
ATR Inc-38.04%
Range Today0
ADR(20)0.4
ADR(20)%0.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.2
Mansfield-0.31
10 Day High57.82
10 Day Low54.8
20 Day High57.82
20 Day Low54.14
52 Week High57.82
52 Week Low44.04
CS1 End54.29
CR1 Start54.83
Volume & EV
DER(3)0%
DER(5)1.54%
Volume300
Volume Incr160.25%
Vol(5)3.32K
Vol(50)1.29K