Overall RNEM gets a technical rating of 7 out of 10. 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.
- Warning: RNEM has an average volume of 866 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 compared to the yearly performance of all other stocks, RNEM outperforms 68% of them, which is more or less in line with the market.
- In the last month RNEM has a been trading in a tight range between 55.17 and 56.77.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, RNEM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 56.13, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
47.74
3 important support areas can be observed.
- A support zone ranging from 55.25 to 56.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.10 to 53.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.22 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 56.22 to 56.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 57.81 to 57.81. This zone is formed by a combination of multiple trend lines in the daily 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 | 68.51 | NEUTRAL | RNEM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNEM is above the rising 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) | 55.77 | NEUTRAL | The RSI value for RNEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RNEM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.37 | NEUTRAL | The Stochastics value for RNEM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.46 | LOW VOLATILITY | The low ATR as a percentage value for RNEM suggests low volalility. |
| Average Directional Index/ADX (14) | 18.23 | NEGATIVE | The low ADX value for RNEM suggests a weak or negative 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 |
|---|---|---|---|
| 56.32 | 56.09 | 0.23 (0.42%) | 25.00% |
| An entry @56.32. This is a Buy Stop order right above the resistance zone. | An exit @56.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.23 points, which is 0.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.10%. |
- The distance between exit and entry is rather small compared to the average daily movement of RNEM. Please evaluate whether better entry and exit points can be found.
- 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 (1/20/2026, 8:16:54 PM)
56.1909
-0.02 (-0.04%)
EMERGING MARKETS EQTY SELECT / RNEM FAQ
Can you provide the ChartMill technical rating for EMERGING MARKETS EQTY SELECT?
ChartMill assigns a technical rating of 7 / 10 to RNEM.
What is the trend direction for 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 55.7675. This indicates that the stock is currently neutral.
What is the buy/sell signal for RNEM stock?
The buy/sell signal for EMERGING MARKETS EQTY SELECT (RNEM) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for EMERGING MARKETS EQTY SELECT?
EMERGING MARKETS EQTY SELECT (RNEM) has a support level at 56.13 and a resistance level at 56.22. Check the full technical report for our detailed analysis of RNEM support and resistance levels.