RENEW ENERGY GLOBAL PLC-A (RNW) Stock Technical Analysis
NASDAQ:RNW - Nasdaq - GB00BNQMPN80 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to RNW. In the past year, RNW was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
RNW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, RNW outperforms 60% of them, which is more or less in line with the market.
RNW is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, RNW did better than 57% of them.
RNW is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Although the technical rating is only medium, RNW does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 6.55. Right above this resistance zone may be a good entry point. 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
5.21
7.17
We found 5 important support areas.
- A support zone ranging from 6.16 to 6.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.88 from a trend line in the weekly time frame.
- A support zone ranging from 5.60 to 5.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.51 from a horizontal line in the weekly time frame.
- Support @5.26 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.55 to 6.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 6.78 to 6.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.10 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.36
Mansfield0.37
10 Day High6.65
10 Day Low6.2
20 Day High6.65
20 Day Low5.42
52 Week High7.49
52 Week Low5.15
Performance
1 Week-3.94%
2 Weeks2.26%
1 Month9.69%
3 Month-5.09%
6 Month17.84%
12 Month5.49%
2 Year15.9%
3 Year-9.43%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)53.7
LBB6.05
UBB6.65
6.34
+0.03 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.48%
1 Week-3.94%
2 Weeks2.26%
1 Month9.69%
3 Month-5.09%
6 Month17.84%
12 Month5.49%
2 Year15.9%
3 Year-9.43%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%3.3%
ATR Inc-1.27%
Range Today0.15
ADR(20)0.2
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.36
Mansfield0.37
10 Day High6.65
10 Day Low6.2
20 Day High6.65
20 Day Low5.42
52 Week High7.49
52 Week Low5.15
CS1 End6.25
CR1 Start6.55
Volume & EV
DER(3)8.13%
DER(5)6.69%
Volume405.32K
Volume Incr-44.04%
Vol(5)531.55K
Vol(50)882.86K