RENEW ENERGY GLOBAL PLC-A (RNW) Stock Technical Analysis
USA - NASDAQ:RNW - GB00BNQMPN80 - Common Stock
We assign a technical rating of 5 out of 10 to RNW. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
RNW 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
5.45
3 important support areas can be observed.
- A support zone ranging from 7.47 to 7.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.35 from a trend line in the weekly time frame.
- Support @5.51 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @8.20 from a horizontal line 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 | UP | POSITIVE | The long term trend for RNW is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RNW is down. |
| ChartMill Relative Strength | 77.13 | POSITIVE | RNW has a high relative strength, it outperformed 77.13% 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 | MIXED | The current price of RNW is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RNW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.5 | NEUTRAL | The RSI value for RNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests RNW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.52 | OVERSOLD | The low Stochastics value suggests RNW may be oversold. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for RNW suggests some volalility. |
| Average Directional Index/ADX (14) | 17.04 | NEGATIVE | The low ADX value for RNW suggests a weak or negative trend. |
NASDAQ:RNW (10/28/2025, 12:39:20 PM)
7.755
+0.21 (+2.72%)
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 5 / 10 to RNW.
What is the trend direction for RNW stock?
The current trend direction for RENEW ENERGY GLOBAL PLC-A (RNW) is Bullish.
What is the RSI signal for RNW stock?
RENEW ENERGY GLOBAL PLC-A (RNW) has an RSI value of 40.4996. This indicates that the stock is currently neutral.
What is the buy/sell signal for RNW stock?
The buy/sell signal for RENEW ENERGY GLOBAL PLC-A (RNW) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for RENEW ENERGY GLOBAL PLC-A?
RENEW ENERGY GLOBAL PLC-A (RNW) has a support level at 7.54 and a resistance level at 7.62. Check the full technical report for our detailed analysis of RNW support and resistance levels.