EMERGING MARKETS EQTY SELECT (RNEM) Stock Technical Analysis
NASDAQ:RNEM - Nasdaq - US33738R7796 - ETF - Currency: USD
Taking everything into account, RNEM scores 3 out of 10 in our technical rating. In the last year, RNEM was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month RNEM has a been trading in the 53.58 - 57.82 range, which is quite wide. It is currently trading near the lows of this range.
Warning: RNEM has an average volume of 1296 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When compared to the yearly performance of all other stocks, RNEM outperforms 43% of them, which is more or less in line with the market.
RNEM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RNEM is lagging the market.
The technical rating of RNEM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
46.90
56.69
When analyzing the support we can see 2 important areas.
- Support @49.30 from a trend line in the weekly time frame.
- A support zone ranging from 47.37 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 53.93 to 56.13. 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 | DOWN | NEGATIVE | The short term trend for RNEM is down. |
| ChartMill Relative Strength | 43.54 | 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) | DOWN | NEGATIVE | The current price of RNEM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RNEM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.46 | NEUTRAL | The RSI value for RNEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests RNEM has a negative trend. |
| 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) | 21.92 | NEUTRAL | The ADX value for RNEM 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)
NASDAQ:RNEM (8/1/2025, 8:00:36 PM)
53.575
0 (-0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.01%
1 Week-2.5%
2 Weeks-2.53%
1 Month-4.55%
3 Month-0.58%
6 Month7.48%
12 Month2.67%
2 Year8.72%
3 Year22.82%
5 Year25.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%1.03%
ATR Inc-26.06%
Range Today0.09
ADR(20)0.38
ADR(20)%0.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.54
Mansfield-0.43
10 Day High55.59
10 Day Low53.58
20 Day High57.82
20 Day Low53.58
52 Week High57.82
52 Week Low44.04
CS1 End49.3
CR1 Start53.93
Volume & EV
DER(3)0%
DER(5)0%
Volume800
Volume Incr-51.39%
Vol(5)960
Vol(50)1.30K