NASDAQ:RNWK - Nasdaq - US75605L7082 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to RNWK. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, RNWK is a bad performer.
Although the technical rating is only medium, RNWK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.72, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
0.68
We found 2 important support areas.
When analyzing the resistance we notice one important area.
NASDAQ:RNWK (12/21/2022, 8:00:02 PM)
0.73
+0 (+0.03%)