Technical Analysis for RNW - ReNew Energy Global plc
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 5.87 | -1.01% | -0.06 |
RNW closed down 8.06 percent on Friday, May 17, 2024, on approximately normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline.
Earnings due: Jun 4
*** please verify all earnings dates ***| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Bearish Engulfing | Bearish | -1.01% | |
| Fell Below 20 DMA | Bearish | -1.01% | |
| Fell Below 200 DMA | Bearish | -1.01% | |
| Fell Below 50 DMA | Bearish | -1.01% | |
| Expansion Pivot Sell Setup | Bearish Swing Setup | -1.01% | |
| Slingshot Bullish | Bullish Swing Setup | -1.01% | |
| Wide Range Bar | Range Expansion | -1.01% | |
| New Uptrend | Bullish | -8.99% | |
| Stochastic Reached Overbought | Strength | -8.99% | |
| Upper Bollinger Band Walk | Strength | -8.99% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | about 3 hours ago |
| Down 3% | about 6 hours ago |
| Expansion Pivot Sell Entry | about 6 hours ago |
| Fell Below Previous Day's Low | about 6 hours ago |
| Down 2 % | about 6 hours ago |
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- Earnings date: 06/04/2024
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.
Sector: Utilities
Industry: Utilities - Renewable
Keywords: Renewable Energy Energy Conversion Solar Power Solar Energy Sustainable Energy Solar Energy Projects
Classification
Sector: Utilities
Industry: Utilities - Renewable
Keywords: Renewable Energy Energy Conversion Solar Power Solar Energy Sustainable Energy Solar Energy Projects
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 7.79 |
| 52 Week Low | 4.78 |
| Average Volume | 1,119,019 |
| 200-Day Moving Average | 6.19 |
| 50-Day Moving Average | 5.96 |
| 20-Day Moving Average | 5.93 |
| 10-Day Moving Average | 6.14 |
| Average True Range | 0.24 |
| RSI (14) | 48.72 |
| ADX | 24.63 |
| +DI | 29.00 |
| -DI | 26.76 |
| Chandelier Exit (Long, 3 ATRs) | 5.82 |
| Chandelier Exit (Short, 3 ATRs) | 6.13 |
| Upper Bollinger Bands | 6.49 |
| Lower Bollinger Band | 5.38 |
| Percent B (%b) | 0.5 |
| BandWidth | 18.67 |
| MACD Line | 0.09 |
| MACD Signal Line | 0.05 |
| MACD Histogram | 0.0406 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 6.79 | ||||
| Resistance 3 (R3) | 6.86 | 6.66 | 6.64 | ||
| Resistance 2 (R2) | 6.66 | 6.44 | 6.62 | 6.59 | |
| Resistance 1 (R1) | 6.29 | 6.30 | 6.19 | 6.22 | 6.55 |
| Pivot Point | 6.09 | 6.09 | 6.04 | 6.05 | 6.09 |
| Support 1 (S1) | 5.72 | 5.87 | 5.62 | 5.65 | 5.31 |
| Support 2 (S2) | 5.52 | 5.73 | 5.48 | 5.27 | |
| Support 3 (S3) | 5.15 | 5.52 | 5.22 | ||
| Support 4 (S4) | 5.08 |
