Taking everything into account, RNRG scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
RNRG has an average technical rating and it also does not offer a high quality setup 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
29.49
2 important support areas can be observed.
- A support zone ranging from 32.35 to 32.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.79 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 32.78 to 32.87. 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 33.41 to 33.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.28 from a horizontal line 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 RNRG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RNRG is down. |
| ChartMill Relative Strength | 82.4 | POSITIVE | RNRG has a high relative strength, it outperformed 82.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RNRG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RNRG is below 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) | 41.63 | NEUTRAL | The RSI value for RNRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests RNRG has a negative trend. |
| Stochastics (14,3) | 11.21 | OVERSOLD | The low Stochastics value suggests RNRG may be oversold. |
| Average True Range in percent/ATR (20) | 1.29 | LOW VOLATILITY | The low ATR as a percentage value for RNRG suggests low volalility. |
| Average Directional Index/ADX (14) | 17.5 | NEGATIVE | The low ADX value for RNRG suggests a weak or negative trend. |
NASDAQ:RNRG (11/21/2025, 8:00:02 PM)
32.69
+0.06 (+0.17%)
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 6 / 10 to RNRG.
What is the current trend direction of GLOBAL X RENEWABLE ENER PROD (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 41.627. This indicates that the stock is currently neutral.
What is the MACD signal for RNRG stock?
The MACD indicator for GLOBAL X RENEWABLE ENER PROD (RNRG) has a value of -0.18785, indicating a bearish trend.
Can you provide the short term momentum for GLOBAL X RENEWABLE ENER PROD?
The short term momentum for GLOBAL X RENEWABLE ENER PROD (RNRG) is negative.