GLOBAL X RENEWABLE ENER PROD (RNRG) Stock Technical Analysis
USA - NASDAQ:RNRG - US37960A1806 - ETF
33.55 USD
+0.35 (+1.05%)
We assign a technical rating of 8 out of 10 to RNRG. Although RNRG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: RNRG has an average volume of 3382 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.
RNRG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month RNRG has a been trading in the 30.77 - 33.65 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, RNRG did better than 70% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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
29.29
33.89
We found 4 important support areas.
- A support zone ranging from 33.08 to 33.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.96 to 32.22. 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 31.00 to 31.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.59 to 29.88. 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 | 70.84 | POSITIVE | RNRG has a high relative strength, it outperformed 70.84% off all stocks 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) | UP | POSITIVE | The current price of RNRG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.68 | NEUTRAL | The RSI value for RNRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests RNRG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.78 | OVERBOUGHT | The high Stochastics value suggests RNRG may be overbought. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for RNRG suggests low volalility. |
| Average Directional Index/ADX (14) | 26.24 | POSITIVE | The high ADX value value for RNRG suggests a strong 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 (10/15/2025, 10:13:30 AM)
33.55
+0.35 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.05%
1 Week0.14%
2 Weeks4.26%
1 Month6.41%
3 Month10.94%
6 Month28.98%
12 Month8.86%
2 Year19.64%
3 Year-15.26%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%1.06%
ATR Inc45.14%
Range Today0
ADR(20)0.24
ADR(20)%0.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.84
Mansfield0.77
10 Day High33.65
10 Day Low32.07
20 Day High33.65
20 Day Low30.77
52 Week High33.65
52 Week Low21.9
CS1 End32.22
CR1 Start33.21
Volume & EV
DER(3)-10.94%
DER(5)-17.36%
Volume1.03K
Volume Incr-71.18%
Vol(5)1.00K
Vol(50)3.38K