Technical Analysis for RNRG - Global X Renewable Energy Producers ETF

Grade Last Price % Change Price Change
C 10.54 -0.75% -0.08
RNRG closed down 0.75 percent on Friday, May 17, 2024, on 67 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
Narrow Range Bar Range Contraction -0.75%
Gapped Up Strength -0.75%
Overbought Stochastic Strength -0.75%
Up 3 Days in a Row Strength -0.75%
Gapped Up Strength -0.38%
Overbought Stochastic Strength -0.38%

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Profile

The Global X Renewable Energy Producers ETF (RNRG) seeks to invest in companies that produce energy from renewable sources including wind, solar, hydroelectric, geothermal, and biofuels.
Classification

Keywords: Renewable Energy Biofuel Renewable Energy Technology Low Carbon Economy Technological Change Bright Green Environmentalism Energy Policy Renewable Energy Commercialization Renewable Energy In South Africa

Top 10 Components

Symbol Grade Price % Change Allocation
ORA C 0.01 3.39
NEP C -0.47 2.45
RUN D -2.94 2.19
AY B -2.33 2.09
CWEN B -1.11 1.77
RNW D -8.06 1.24
RENB F 5.75 0.49
NOVA F -8.50 0.43

Is RNRG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 12.38
52 Week Low 9.0542
Average Volume 11,447
200-Day Moving Average 10.17
50-Day Moving Average 9.81
20-Day Moving Average 10.00
10-Day Moving Average 10.36
Average True Range 0.13
RSI (14) 69.60
ADX 29.7
+DI 50.23
-DI 20.62
Chandelier Exit (Long, 3 ATRs) 10.24
Chandelier Exit (Short, 3 ATRs) 9.72
Upper Bollinger Bands 10.81
Lower Bollinger Band 9.18
Percent B (%b) 0.83
BandWidth 16.33
MACD Line 0.24
MACD Signal Line 0.17
MACD Histogram 0.0709
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.58
Resistance 3 (R3) 10.58 10.57 10.57
Resistance 2 (R2) 10.57 10.55 10.57 10.57
Resistance 1 (R1) 10.55 10.55 10.56 10.55 10.57
Pivot Point 10.54 10.54 10.54 10.54 10.54
Support 1 (S1) 10.52 10.52 10.53 10.52 10.50
Support 2 (S2) 10.51 10.52 10.51 10.50
Support 3 (S3) 10.49 10.51 10.50
Support 4 (S4) 10.49