GLOBAL X RENEWABLE ENER PROD (RNRG) Stock Technical Analysis
NASDAQ:RNRG • US37960A1806
We assign a technical rating of 10 out of 10 to RNRG. Both in the recent history as in the last year, RNRG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Warning: RNRG has an average volume of 4482 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!
- When comparing the yearly performance of all stocks, we notice that RNRG is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by RNRG over the past year are nicely spread over this period.
- 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 35.51 - 37.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, RNRG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. 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
32.30
We found 3 important support areas.
- A support zone ranging from 36.89 to 37.02. 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 34.91 to 35.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.63 to 33.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 37.24 to 37.56. 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 RNRG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RNRG is up. |
| ChartMill Relative Strength | 83.32 | POSITIVE | RNRG has a high relative strength, it outperformed 83.32% 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) | 58.75 | NEUTRAL | The RSI value for RNRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests RNRG has a negative trend. |
| Stochastics (14,3) | 42.57 | NEUTRAL | The Stochastics value for RNRG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for RNRG suggests low volalility. |
| Average Directional Index/ADX (14) | 34.82 | POSITIVE | The high ADX value value for RNRG suggests a strong 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 |
|---|---|---|---|
| 37.57 | 36.89 | 0.68 (1.81%) | 25.00% |
| An entry @37.57. This is a Buy Stop order right above the resistance zone. | An exit @36.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.68 points, which is 1.81%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.45%. |
- 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:RNRG (3/2/2026, 8:00:02 PM)
37.135
+0.18 (+0.49%)
GLOBAL X RENEWABLE ENER PROD / RNRG FAQ
What is the ChartMill technical rating of GLOBAL X RENEWABLE ENER PROD (RNRG) stock?
ChartMill assigns a technical rating of 10 / 10 to RNRG.
What is the trend direction for RNRG stock?
The current trend direction for GLOBAL X RENEWABLE ENER PROD (RNRG) is Bullish.
What is the RSI signal for GLOBAL X RENEWABLE ENER PROD (RNRG) stock?
GLOBAL X RENEWABLE ENER PROD (RNRG) has an RSI value of 58.7482. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GLOBAL X RENEWABLE ENER PROD?
The MACD indicator for GLOBAL X RENEWABLE ENER PROD (RNRG) has a value of -0.0896788, indicating a bearish trend.
What is the buy/sell signal for GLOBAL X RENEWABLE ENER PROD (RNRG) stock?
The buy/sell signal for GLOBAL X RENEWABLE ENER PROD (RNRG) is buy as both the short term and long term trends are positive.