Taking everything into account, RNW scores 0 out of 10 in our technical rating. RNW 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.
- 88% of all other stocks performed better in the past year than RNW.
- RNW is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 84% of 20 stocks in the same industry do better.
- RNW is currently trading in the lower part of its 52 week range, which is not a good signal. On the other hand, the S&P500 Index is also trading in the lower part of its yearly range, so RNW is not an exception.
- In the last month RNW has a been trading in the 5.22 - 5.89 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- RNW has an average volume of 1368960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
RNW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 5.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RNW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.29
When analyzing the support we notice one important area.
- A support zone ranging from 5.34 to 5.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 5.47 to 5.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.11 to 7.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.55 to 7.76. This zone is formed by a combination of multiple trend lines 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 | 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 | 12.58 | NEGATIVE | RNW has a low relative strength, it was outperformed by 87.42% 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) | 36.61 | NEUTRAL | The RSI value for RNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests RNW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.45 | NEUTRAL | The Stochastics value for RNW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for RNW suggests some volalility. |
| Average Directional Index/ADX (14) | 37.49 | POSITIVE | The high ADX value value for RNW suggests a strong trend. |
5.41
-0.01 (-0.18%)
RENEW ENERGY GLOBAL PLC-A / RNW 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 RNW stock?
RENEW ENERGY GLOBAL PLC-A (RNW) has an RSI value of 36.612. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RENEW ENERGY GLOBAL PLC-A?
The MACD indicator for RENEW ENERGY GLOBAL PLC-A (RNW) has a value of 0.0551849, indicating a bearish trend.
What is the support and resistance level for RNW stock?
RENEW ENERGY GLOBAL PLC-A (RNW) has a support level at 5.38 and a resistance level at 5.47. Check the full technical report for our detailed analysis of RNW support and resistance levels.