Stock Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
Global X Renewable Energy Producers ETF (NASDAQ:RNRG)
Long-Term Uptrend (+90) - RNRG is in a strong uptrend that is likely to continue. While RNRG is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid RNRG?
MarketClub looks at technical strength and momentum to determine if the timing is right for RNRG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RNRG
The long-term trend has been UP since Oct 26th, 2021 at 16.76
The intermediate-term trend has been UP since Oct 19th, 2021 at 16.30
The short-term trend has been UP since Oct 12th, 2021 at 15.60
Smart Scan Analysis for RNRG
Based on our trend formula, RNRG is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||20.2499||52wk High Date||2021-01-07|
|52wk Low||14.72||52wk Low Date||2021-03-05|
|Average Volume||35,377||Shares Outstanding||8,740|