RENEW ENERGY GLOBAL PLC-A (RNW) Technical Analysis
NASDAQ:RNW • GB00BNQMPN80
Current stock price
RNW Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to RNW. In the past year, RNW was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, RNW is a bad performer in the overall market: 83% of all stocks are doing better.
- RNW is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, of which 94% are performing better than RNW.
- RNW is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month RNW has a been trading in the 4.38 - 5.26 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
5.08
We found 1 important support area.
- A support zone ranging from 5.13 to 5.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @5.53 from a horizontal line in the weekly time frame.
- Resistance @6.50 from a trend line in the daily time frame.
- Resistance @7.61 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 | UP | POSITIVE | The short term trend for RNW is up. |
| ChartMill Relative Strength | 17.59 | NEGATIVE | RNW has a low relative strength, it was outperformed by 82.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RNW is above the rising 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) | DOWN | NEGATIVE | The current price of RNW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.2 | NEUTRAL | The RSI value for RNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests RNW has a positive trend. |
| Stochastics (14,3) | 90.14 | OVERBOUGHT | The high Stochastics value suggests RNW may be overbought. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for RNW suggests some volalility. |
| Average Directional Index/ADX (14) | 22.82 | NEUTRAL | The ADX value for RNW suggests a possible start of a new trend. |
RNW Chart- and CandleStick Pattern Analysis
RNW Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:RNW (4/22/2026, 11:31:52 AM)
5.31
+0.12 (+2.31%)
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 2 / 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 62.1987. 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 hold as the short term and long term trends are mixed.
What are the support and resistance levels for RENEW ENERGY GLOBAL PLC-A (RNW) stock?
RENEW ENERGY GLOBAL PLC-A (RNW) has a resistance level at 5.2. Check the full technical report for our detailed analysis of RNW support and resistance levels.