
USA - NASDAQ:RNWWW -
We assign a technical rating of 0 out of 10 to RNWWW. RNWWW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
RNWWW has a poor technical rating and the quality of the setup is also only medium 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.
0.01
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 RNWWW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RNWWW is down. |
| ChartMill Relative Strength | 0.3 | NEGATIVE | RNWWW has a low relative strength, it was outperformed by 99.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RNWWW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RNWWW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RNWWW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.87 | NEUTRAL | The RSI value for RNWWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RNWWW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 9.7 | OVERSOLD | The low Stochastics value suggests RNWWW may be oversold. |
| Average True Range in percent/ATR (20) | 75.13 | HIGH VOLATILITY | The high ATR as a percentage value for RNWWW suggests high volalility. |
| Average Directional Index/ADX (14) | 12.28 | NEGATIVE | The low ADX value for RNWWW suggests a weak or negative trend. |
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+0 (+4.67%)
ChartMill assigns a technical rating of 0 / 10 to RNWWW.
The current trend direction for RENEW ENERGY GLOBAL -CW26 (RNWWW) is Bearish.
RENEW ENERGY GLOBAL -CW26 (RNWWW) has an RSI value of 37.8748. This indicates that the stock is currently neutral.
The MACD indicator for RENEW ENERGY GLOBAL -CW26 (RNWWW) has a value of 0.00101296, indicating a bearish trend.
The short term momentum for RENEW ENERGY GLOBAL -CW26 (RNWWW) is negative.