EMERGING MARKETS EQTY SELECT (RNEM) Stock Technical Analysis
NASDAQ:RNEM - Nasdaq - US33738R7796 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to RNEM. In the last year, RNEM was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Warning: RNEM has an average volume of 3066 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month RNEM has a been trading in the 44.90 - 52.57 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, RNEM did better than 75% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
RNEM is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
RNEM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 52.28, a Stop Loss order could be placed below this zone.
More info and screens
46.89
53.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 50.72 to 52.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.36 to 48.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @53.21 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.61
Mansfield0.33
10 Day High52.57
10 Day Low44.9
20 Day High52.57
20 Day Low44.9
52 Week High55.7
52 Week Low44.04
Performance
1 Week2.43%
2 Weeks6.5%
1 Month0.25%
3 Month5.2%
6 Month-0.85%
12 Month1.55%
2 Year13.57%
3 Year12.86%
5 Year29.33%
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)0.27
RSI(14)58.3
LBB47.55
UBB53.6
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 53.22 | 50.71 | 2.51 (4.72%) | 21.20% |
| An entry @53.22. This is a Buy Stop order right above the resistance zone. | An exit @50.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.51 points, which is 4.72%. | For a 1.00% total portfolio risk, you can invest 21.20% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:RNEM (4/25/2025, 8:00:01 PM)
52.3
-0.26 (-0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.49%
1 Week2.43%
2 Weeks6.5%
1 Month0.25%
3 Month5.2%
6 Month-0.85%
12 Month1.55%
2 Year13.57%
3 Year12.86%
5 Year29.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.42
ATR(20)%2.35%
ATR Inc-63.87%
Range Today0.21
ADR(20)0.69
ADR(20)%1.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.61
Mansfield0.33
10 Day High52.57
10 Day Low44.9
20 Day High52.57
20 Day Low44.9
52 Week High55.7
52 Week Low44.04
CS1 End52.28
CR1 Start53.21
Volume & EV
DER(3)0%
DER(5)-42.3%
Volume100
Volume Incr-82.48%
Vol(5)580
Vol(50)3.07K