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EMERGING MARKETS EQTY SELECT (RNEM) Stock Technical Analysis

NASDAQ:RNEM - Nasdaq - US33738R7796 - ETF - Currency: USD

50.97  -0.14 (-0.27%)

Technical Rating and Analysis

3

Taking everything into account, RNEM scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. RNEM was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, RNEM is a bad performer in the overall market: 63% of all stocks are doing better.
Warning: RNEM has an average volume of 1432 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
RNEM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RNEM is lagging the market.
In the last month RNEM has a been trading in a tight range between 49.49 and 51.41.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
EMERGING MARKETS EQTY SELECT / RNEM Weekly stock chart
EMERGING MARKETS EQTY SELECT / RNEM Daily stock chart
Setup Rating and Analysis

7

RNEM has a poor technical rating and the quality of the setup is also not perfect 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.

Support and Resistance Analysis

47.61

56.15

We found 2 important support areas.

  • A support zone ranging from 50.02 to 50.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 48.09 to 48.45. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

  • A resistance zone ranging from 51.21 to 52.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 55.49 to 55.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.77
Mansfield-0.9
10 Day High51.41
10 Day Low49.94
20 Day High51.41
20 Day Low49.49
52 Week High55.7
52 Week Low44.04
Performance
1 Week0.18%
2 Weeks1.53%
1 Month2.73%
3 Month-0.72%
6 Month-5.12%
12 Month-1.38%
2 Year18.69%
3 Year5.55%
5 Year8.79%
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)0.11
RSI(14)59.16
LBB49.69
UBB51.47
EMERGING MARKETS EQTY SELECT / RNEM Daily stock chart

EMERGING MARKETS EQTY SELECT

NASDAQ:RNEM (2/21/2025, 8:00:01 PM)

50.97

-0.14 (-0.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.27%
1 Week0.18%
2 Weeks1.53%
1 Month2.73%
3 Month-0.72%
6 Month-5.12%
12 Month-1.38%
2 Year18.69%
3 Year5.55%
5 Year8.79%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%0.58%
ATR Inc-18.83%
Range Today0.22
ADR(20)0.12
ADR(20)%0.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.77
Mansfield-0.9
10 Day High51.41
10 Day Low49.94
20 Day High51.41
20 Day Low49.49
52 Week High55.7
52 Week Low44.04
CS1 End50.72
CR1 Start51.21
Volume & EV
DER(3)0%
DER(5)0%
Volume500
Volume Incr-72.94%
Vol(5)460
Vol(50)1.43K