RENEW ENERGY GLOBAL PLC-A (RNW) Technical Analysis
NASDAQ:RNW • GB00BNQMPN80
Current stock price
RNW Technical Rating and Analysis
Overall RNW gets a technical rating of 0 out of 10. RNW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, RNW is a bad performer in the overall market: 85% of all stocks are doing better.
- RNW is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 94% of 20 stocks in the same industry do better.
- RNW is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so RNW is lagging the market.
- In the last month RNW has a been trading in the 4.38 - 5.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RNW Weekly and Daily overview Charts
RNW Setup Rating and Analysis
The technical rating of RNW 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
RNW Support and Resistance Analysis
4.67
When analyzing the support we notice one important area.
- A support zone ranging from 4.72 to 4.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 4.76 to 4.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.26 to 5.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.61 from a horizontal line in the daily time frame.
- Resistance @6.65 from a trend line in the daily time frame.
- Resistance @7.67 from a horizontal line in the daily time frame.
RNW 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 RNW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RNW is down. |
| ChartMill Relative Strength | 15.06 | NEGATIVE | RNW has a low relative strength, it was outperformed by 84.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RNW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RNW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RNW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.16 | NEUTRAL | The RSI value for RNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RNW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.13 | NEUTRAL | The Stochastics value for RNW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for RNW suggests some volalility. |
| Average Directional Index/ADX (14) | 34.63 | POSITIVE | The high ADX value value for RNW suggests a strong trend. |
RNW Chart- and CandleStick Pattern Analysis
RNW Technicals: Chart, Performance Metrics, Trend & Indicators
4.75
-0.04 (-0.84%)
RENEW ENERGY GLOBAL PLC-A / RNW TA FAQ
What is the ChartMill technical rating of RENEW ENERGY GLOBAL PLC-A (RNW) stock?
ChartMill assigns a technical rating of 0 / 10 to RNW.
Can you provide the trend direction for RENEW ENERGY GLOBAL PLC-A?
The current trend direction for RENEW ENERGY GLOBAL PLC-A (RNW) is Bearish.
What is the RSI signal for RENEW ENERGY GLOBAL PLC-A (RNW) stock?
RENEW ENERGY GLOBAL PLC-A (RNW) has an RSI value of 37.1584. This indicates that the stock is currently neutral.
What is the buy/sell signal for RENEW ENERGY GLOBAL PLC-A (RNW) stock?
The buy/sell signal for RENEW ENERGY GLOBAL PLC-A (RNW) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for RENEW ENERGY GLOBAL PLC-A (RNW) stock?
RENEW ENERGY GLOBAL PLC-A (RNW) has a support level at 4.74 and a resistance level at 4.76. Check the full technical report for our detailed analysis of RNW support and resistance levels.