We assign a technical rating of 8 out of 10 to RNEW. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RNEW is only an average performer.
Besides having an excellent technical rating, RNEW 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 resistance zone just above the current price starting at 25.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.05, a Stop Loss order could be placed below this zone.
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21.58
2 important support areas can be observed.
- A support zone ranging from 24.00 to 25.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.80 to 22.17. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 25.07 to 25.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 25.62 to 26.63. This zone is formed by a combination of multiple trend lines 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 RNEW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RNEW is up. |
| ChartMill Relative Strength | 42.61 | NEUTRAL | RNEW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNEW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RNEW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RNEW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.22 | NEUTRAL | The RSI value for RNEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RNEW has a negative trend. |
| Stochastics (14,3) | 88.2 | OVERBOUGHT | The high Stochastics value suggests RNEW may be overbought. |
| Average True Range in percent/ATR (20) | 0.56 | LOW VOLATILITY | The low ATR as a percentage value for RNEW suggests low volalility. |
| Average Directional Index/ADX (14) | 14.7 | NEGATIVE | The low ADX value for RNEW 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 |
|---|---|---|---|
| 25.09 | 24.81 | 0.28 (1.12%) | 25.00% |
| An entry @25.09. This is a Buy Stop order right above the resistance zone. | An exit @24.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.28 points, which is 1.12%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.28%. |
- 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:RNEW (6/23/2025, 8:00:01 PM)
25.06
0 (0%)
VANECK GREEN INFRASTRUCTURE / RNEW FAQ
What is the technical rating for RNEW stock?
ChartMill assigns a technical rating of 8 / 10 to RNEW.
What is the current trend direction of VANECK GREEN INFRASTRUCTURE (RNEW) stock?
The current trend direction for VANECK GREEN INFRASTRUCTURE (RNEW) is Bullish.
What is the RSI signal for RNEW stock?
VANECK GREEN INFRASTRUCTURE (RNEW) has an RSI value of 56.2235. This indicates that the stock is currently neutral.
What is the MACD signal for VANECK GREEN INFRASTRUCTURE (RNEW) stock?
The MACD indicator for VANECK GREEN INFRASTRUCTURE (RNEW) has a value of -0.0293164, indicating a bearish trend.
What is the buy/sell signal for VANECK GREEN INFRASTRUCTURE (RNEW) stock?
The buy/sell signal for VANECK GREEN INFRASTRUCTURE (RNEW) is buy as both the short term and long term trends are positive.