GLOBAL X RENEWABLE ENER PROD (RNRG) Stock Technical Analysis
NASDAQ:RNRG - Nasdaq - US37954Y7076 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to RNRG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RNRG is only an average performer.
Warning: RNRG has an average volume of 6434 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
In the last month RNRG has a been trading in the 8.73 - 9.64 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, RNRG turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
RNRG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RNRG is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although RNRG has an excellent technical rating, it does not present a decent entry opportunity 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
8.54
11.02
We found 3 important support areas.
- A support zone ranging from 9.32 to 9.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.93 to 9.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.31 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.82 to 10.91. 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 RNRG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RNRG is up. |
| ChartMill Relative Strength | 51.12 | NEUTRAL | RNRG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNRG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RNRG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RNRG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.15 | OVERBOUGHT | The high RSI value suggests RNRG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RNRG has a positive trend. |
| Stochastics (14,3) | 93.68 | OVERBOUGHT | The high Stochastics value suggests RNRG may be overbought. |
| Average True Range in percent/ATR (20) | 1.3 | LOW VOLATILITY | The low ATR as a percentage value for RNRG suggests low volalility. |
| Average Directional Index/ADX (14) | 15.39 | NEGATIVE | The low ADX value for RNRG suggests a weak or negative 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:RNRG (6/13/2025, 8:00:02 PM)
9.63
+0.06 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.63%
1 Week2.77%
2 Weeks3.77%
1 Month5.36%
3 Month11.39%
6 Month8.32%
12 Month-6.73%
2 Year-19.68%
3 Year-31.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%1.3%
ATR Inc-25.53%
Range Today0.1
ADR(20)0.1
ADR(20)%1.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.12
Mansfield-0.18
10 Day High9.64
10 Day Low9.16
20 Day High9.64
20 Day Low8.73
52 Week High10.95
52 Week Low7.3
CS1 End9.56
CR1 Start10.31
Volume & EV
DER(3)0%
DER(5)1.27%
Volume1.90K
Volume Incr-44.62%
Vol(5)2.70K
Vol(50)6.43K