EMERGING MARKETS EQTY SELECT (RNEM) Stock Technical Analysis
USA - NASDAQ:RNEM - US33738R7796 - ETF
We assign a technical rating of 4 out of 10 to RNEM. RNEM has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
RNEM has an average technical rating and it also does not offer a high 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
47.75
We found 2 important support areas.
- A support zone ranging from 53.55 to 54.51. 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.
- A resistance zone ranging from 54.62 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 | 48.12 | NEUTRAL | RNEM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RNEM is below the rising 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) | UP | POSITIVE | The current price of RNEM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.99 | NEUTRAL | The RSI value for RNEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RNEM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.4 | NEUTRAL | The Stochastics value for RNEM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.68 | LOW VOLATILITY | The low ATR as a percentage value for RNEM suggests low volalility. |
| Average Directional Index/ADX (14) | 13.38 | NEGATIVE | The low ADX value for RNEM suggests a weak or negative trend. |
NASDAQ:RNEM (10/31/2025, 8:12:10 PM)
54.5464
-0.35 (-0.64%)
EMERGING MARKETS EQTY SELECT / RNEM FAQ
Can you provide the ChartMill technical rating for EMERGING MARKETS EQTY SELECT?
ChartMill assigns a technical rating of 4 / 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 46.9899. 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 0.0275236, 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 neutral.