Rennova Health Inc. (RNVA) Technical Analysis
NASDAQ:RNVA
Current stock price
RNVA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to RNVA. RNVA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RNVA is a bad performer in the overall market: 100% of all stocks are doing better.
- RNVA is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so RNVA is lagging the market.
- In the last month RNVA has a been trading in the 0.56 - 3.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
RNVA Weekly and Daily overview Charts
RNVA Setup Rating and Analysis
The technical rating of RNVA is bad and it also does not present a 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
RNVA Support and Resistance Analysis
RNVA 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 | DOWN | NEGATIVE | The long term trend for RNVA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RNVA is down. |
| ChartMill Relative Strength | 0.55 | NEGATIVE | RNVA has a low relative strength, it was outperformed by 99.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RNVA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RNVA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RNVA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 8.39 | OVERSOLD | The low RSI value suggests RNVA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests RNVA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.44 | OVERSOLD | The low Stochastics value suggests RNVA may be oversold. |
| Average True Range in percent/ATR (20) | 53.6 | HIGH VOLATILITY | The high ATR as a percentage value for RNVA suggests high volalility. |
RNVA Chart- and CandleStick Pattern Analysis
RNVA Technicals: Chart, Performance Metrics, Trend & Indicators
0.59
-0.09 (-13.24%)
Rennova Health Inc. / RNVA TA FAQ
Can you provide the ChartMill technical rating for Rennova Health Inc.?
ChartMill assigns a technical rating of 0 / 10 to RNVA.
What is the trend direction for RNVA stock?
The current trend direction for Rennova Health Inc. (RNVA) is Bearish.
What is the RSI signal for RNVA stock?
Rennova Health Inc. (RNVA) has an RSI value of 8.3862. This indicates that the stock is currently oversold.
What is the short term momentum for RNVA stock?
The short term momentum for Rennova Health Inc. (RNVA) is negative.
What is the buy/sell signal for Rennova Health Inc. (RNVA) stock?
The buy/sell signal for Rennova Health Inc. (RNVA) is sell as both the short term and long term trends are negative.