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Stock Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

ReNew Energy Global plc - Class A Shares (NASDAQ:RNW)

Weak Downtrend (-65) - RNW is showing signs of a strengthening downtrend. Monitor RNW as it may be building momentum to the downside.

Is it time to buy, sell, or avoid RNW?

MarketClub looks at technical strength and momentum to determine if the timing is right for RNW.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_RNW
Open High Low RNW Price Change
6.010 6.035 5.560 5.575 -0.465
Entry Signal

MarketClub’s Trade Triangles for RNW

long term up The long-term trend has been UP since Jun 10th, 2024 at 6.73

intermediate term down The intermediate-term trend has been DOWN since Jul 1st, 2024 at 6.12

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 5.82

Smart Scan Analysis for RNW

Based on our trend formula, RNW is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for RNW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.010 6.035 5.560 5.575 -0.465
Prev. Close Volume Bid Ask Time
5.570 1185260 2024-07-17 15:59:46
52wk High7.7952wk High Date2024-01-02
52wk Low4.7852wk Low Date2023-10-06
Average Volume1,390,632Shares Outstanding270,135
Assets886,737,000MLiabilities782,843,000M
P/E Ratio58.6408
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