GLOBAL X RENEWABLE ENER PROD (RNRG) Technical Analysis
NASDAQ:RNRG • US37960A1806
Current stock price
RNRG Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to RNRG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RNRG is showing a nice and steady performance.
- Warning: RNRG has an average volume of 4884 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 35.23 - 39.48 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
RNRG Weekly and Daily overview Charts
RNRG Setup Rating and Analysis
Although RNRG has an excellent technical rating, the quality of the presented setup is not ideal 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
RNRG Support and Resistance Analysis
32.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 36.44 to 36.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.32 to 35.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.09 from a horizontal line in the daily time frame.
RNRG Technical Indicator Signal Analysis
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 | 83.12 | POSITIVE | RNRG has a high relative strength, it outperformed 83.12% 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) | 71.67 | OVERBOUGHT | The high RSI value suggests RNRG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests RNRG has a positive trend. |
| Stochastics (14,3) | 81.74 | OVERBOUGHT | The high Stochastics value suggests RNRG may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for RNRG suggests low volalility. |
| Average Directional Index/ADX (14) | 21.14 | NEUTRAL | The ADX value for RNRG suggests a possible start of a new trend. |
RNRG Chart- and CandleStick Pattern Analysis
RNRG Example Setup
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 |
|---|---|---|---|
| 39.49 | 35.79 | 3.70 (9.37%) | 10.67% |
| An entry @39.49. This is a Buy Stop order right above the 10 day high. | An exit @35.79. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.70 points, which is 9.37%. | When investing 10.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
RNRG Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:RNRG (4/16/2026, 4:15:00 PM)
38.5506
-0.42 (-1.08%)
GLOBAL X RENEWABLE ENER PROD / RNRG TA 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.
Can you provide the RSI signal for GLOBAL X RENEWABLE ENER PROD?
GLOBAL X RENEWABLE ENER PROD (RNRG) has an RSI value of 71.6749. This indicates that the stock is currently overbought.
What is the short term momentum for GLOBAL X RENEWABLE ENER PROD (RNRG) stock?
The short term momentum for GLOBAL X RENEWABLE ENER PROD (RNRG) is positive.
What are the support and resistance levels for GLOBAL X RENEWABLE ENER PROD (RNRG) stock?
GLOBAL X RENEWABLE ENER PROD (RNRG) has a support level at 36.99. Check the full technical report for our detailed analysis of RNRG support and resistance levels.