Technical Analysis for RNW - ReNew Energy Global plc

Grade Last Price % Change Price Change
D 6.07 3.06% 0.18
RNW closed up 3.06 percent on Friday, May 24, 2024, on 29 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
Earnings due: Jun 4
*** please verify all earnings dates ***
2 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Flat

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Fell Below 20 DMA Bearish 3.06%
Fell Below 50 DMA Bearish 3.06%
200 DMA Resistance Bearish 0.83%
MACD Bearish Signal Line Cross Bearish 0.83%
20 DMA Support Bullish 0.83%
50 DMA Support Bullish 0.83%
Crossed Above 20 DMA Bullish 1.68%
Crossed Above 50 DMA Bullish 1.68%

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Profile

ReNew Energy Global plc operates as a renewable energy independent power producer in India. It operates through Wind Power and Solar Power segments. The company develops, builds, owns, and operates utility scale wind and solar energy, as well as distributed solar energy projects that generate energy for commercial and industrial customers. As of March 31, 2021, the company had a total capacity of 10 GW of wind and solar energy projects across India, including commissioned and committed projects. The company was incorporated in 2011 and is based in Gurugram, India.
Classification

Sector: Utilities
Industry: Utilities - Renewable
Keywords: Renewable Energy Energy Conversion Solar Power Solar Energy Sustainable Energy Solar Energy Projects

Is RNW 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 7.79
52 Week Low 4.78
Average Volume 1,120,786
200-Day Moving Average 6.19
50-Day Moving Average 5.91
20-Day Moving Average 6.01
10-Day Moving Average 6.08
Average True Range 0.24
RSI (14) 52.61
ADX 19.1
+DI 28.42
-DI 23.49
Chandelier Exit (Long, 3 ATRs) 5.84
Chandelier Exit (Short, 3 ATRs) 6.21
Upper Bollinger Bands 6.46
Lower Bollinger Band 5.55
Percent B (%b) 0.57
BandWidth 15.15
MACD Line 0.04
MACD Signal Line 0.05
MACD Histogram -0.0096
Fundamentals Value
Market Cap 1.5 Billion
Num Shares 247 Million
EPS 0.08
Price-to-Earnings (P/E) Ratio 75.88
Price-to-Sales 0.03
Price-to-Book 1.81
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.40
Resistance 3 (R3) 6.37 6.24 6.35
Resistance 2 (R2) 6.24 6.15 6.25 6.33
Resistance 1 (R1) 6.15 6.10 6.20 6.18 6.31
Pivot Point 6.02 6.02 6.04 6.03 6.02
Support 1 (S1) 5.93 5.93 5.98 5.96 5.83
Support 2 (S2) 5.80 5.88 5.81 5.81
Support 3 (S3) 5.71 5.80 5.80
Support 4 (S4) 5.74