Overall RNW gets a technical rating of 0 out of 10. 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.
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
5.29
We found 1 important support area.
- Support @5.34 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.41 to 7.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for RNW is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RNW is down. |
| ChartMill Relative Strength | 13.71 | NEGATIVE | RNW has a low relative strength, it was outperformed by 86.29% 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) | 24.63 | OVERSOLD | The low RSI value suggests RNW may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests RNW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.7 | OVERSOLD | The low Stochastics value suggests RNW may be oversold. |
| Average True Range in percent/ATR (20) | 4.68 | MEDIUM VOLATILITY | The ATR as a percentage value for RNW suggests some volalility. |
| Average Directional Index/ADX (14) | 42.72 | POSITIVE | The high ADX value value for RNW suggests a strong trend. |
5.5
0 (0%)
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.
What is the trend direction for RNW stock?
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 24.627. This indicates that the stock is currently oversold.
What is the support and resistance level for RNW stock?
RENEW ENERGY GLOBAL PLC-A (RNW) has a support level at 5.34 and a resistance level at 7.41. Check the full technical report for our detailed analysis of RNW support and resistance levels.