GLOBAL X RENEWABLE ENER PROD (RNRG) Stock Technical Analysis
NASDAQ:RNRG - Nasdaq - US37954Y7076 - ETF - Currency: USD
Overall RNRG gets a technical rating of 4 out of 10. In the past year, RNRG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Warning: RNRG has an average volume of 21230 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month RNRG has a been trading in the 7.30 - 8.85 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When compared to the yearly performance of all other stocks, RNRG outperforms 50% of them, which is more or less in line with the market.
RNRG 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.
RNRG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 8.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.63, a Stop Loss order could be placed below this zone.
More info and screens
8.05
10.50
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.44 to 8.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.13 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 8.84 to 8.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.06 from a trend line in the weekly time frame.
- Resistance @10.40 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.88
Mansfield-0.55
10 Day High8.85
10 Day Low8.2
20 Day High8.85
20 Day Low7.3
52 Week High10.95
52 Week Low7.3
Performance
1 Week2.91%
2 Weeks7.55%
1 Month3.94%
3 Month3.21%
6 Month-10.9%
12 Month-7.73%
2 Year-27.8%
3 Year-40.56%
5 YearN/A
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)0.06
RSI(14)60.56
LBB7.86
UBB9.02
NASDAQ:RNRG (4/25/2025, 8:00:01 PM)
8.83
-0.01 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.11%
1 Week2.91%
2 Weeks7.55%
1 Month3.94%
3 Month3.21%
6 Month-10.9%
12 Month-7.73%
2 Year-27.8%
3 Year-40.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%2.62%
ATR Inc-39.69%
Range Today0.06
ADR(20)0.18
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.88
Mansfield-0.55
10 Day High8.85
10 Day Low8.2
20 Day High8.85
20 Day Low7.3
52 Week High10.95
52 Week Low7.3
CS1 End8.63
CR1 Start8.84
Volume & EV
DER(3)-0.17%
DER(5)-1.41%
Volume1.60K
Volume Incr-64.7%
Vol(5)10.92K
Vol(50)21.23K