GLOBAL X RENEWABLE ENER PROD (RNRG) Stock Technical Analysis
NASDAQ:RNRG - Nasdaq - US37954Y7076 - ETF - Currency: USD
Taking everything into account, RNRG scores 5 out of 10 in our technical rating. In the last year, RNRG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
62% of all other stocks performed better in the past year than RNRG.
In the last month RNRG has a been trading in the 8.71 - 9.39 range, which is quite wide. It is currently trading near the lows of this range.
Warning: RNRG has an average volume of 17268 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 neutral. So this is not the most entertaining stock around.
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.
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
8.05
10.45
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.63 to 8.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.13 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.14 to 9.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.40 from a horizontal line in the daily time frame.
- Resistance @10.35 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for RNRG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RNRG is neutral. |
| ChartMill Relative Strength | 38.6 | 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 | NEGATIVE | The current price of RNRG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.93 | NEUTRAL | The RSI value for RNRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RNRG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.46 | NEUTRAL | The Stochastics value for RNRG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for RNRG suggests low volalility. |
| Average Directional Index/ADX (14) | 19.81 | 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 (5/22/2025, 8:00:01 PM)
9
-0.17 (-1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.85%
1 Week-1.53%
2 Weeks1.75%
1 Month1.81%
3 Month5.14%
6 Month-1.85%
12 Month-14.04%
2 Year-23.47%
3 Year-40.44%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%1.37%
ATR Inc196.25%
Range Today0.31
ADR(20)0.1
ADR(20)%1.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.6
Mansfield-0.72
10 Day High9.39
10 Day Low8.73
20 Day High9.39
20 Day Low8.71
52 Week High10.95
52 Week Low7.3
CS1 End8.79
CR1 Start9.14
Volume & EV
DER(3)4.52%
DER(5)3.04%
Volume6.20K
Volume Incr-28.53%
Vol(5)4.96K
Vol(50)17.27K