Technical Analysis for RNW - ReNew Energy Global plc

Grade Last Price % Change Price Change
F 5.43 -4.06% -0.23
RNW closed down 4.06 percent on Friday, November 1, 2024, on 68 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Expansion Breakdown Bearish Swing Setup 0.00%
Lower Bollinger Band Walk Weakness 0.00%
BB Squeeze Ended Range Expansion 0.00%
Gapped Up Strength 0.00%
Below Lower BB Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
180 Bearish Setup Bearish Swing Setup -4.06%
Bollinger Band Squeeze Range Contraction -4.06%
Lower Bollinger Band Walk Weakness -4.06%

   Recent Intraday Alerts

Alert Time
Down 3% about 18 hours ago
Down 1 ATR about 18 hours ago
Down 2 % about 20 hours ago
60 Minute Opening Range Breakdown about 21 hours ago
Down 1% about 21 hours ago

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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 5.26
Average Volume 843,205
200-Day Moving Average 6.07
50-Day Moving Average 6.02
20-Day Moving Average 5.92
10-Day Moving Average 5.87
Average True Range 0.18
RSI (14) 30.56
ADX 17.32
+DI 15.43
-DI 31.79
Chandelier Exit (Long, 3 ATRs) 5.64
Chandelier Exit (Short, 3 ATRs) 5.97
Upper Bollinger Bands 6.23
Lower Bollinger Band 5.61
Percent B (%b) -0.29
BandWidth 10.52
MACD Line -0.10
MACD Signal Line -0.05
MACD Histogram -0.05
Fundamentals Value
Market Cap 1.34 Billion
Num Shares 247 Million
EPS 0.08
Price-to-Earnings (P/E) Ratio 67.88
Price-to-Sales 0.03
Price-to-Book 1.81
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.88
Resistance 3 (R3) 5.93 5.82 5.81
Resistance 2 (R2) 5.82 5.71 5.80 5.78
Resistance 1 (R1) 5.63 5.64 5.58 5.58 5.75
Pivot Point 5.52 5.52 5.50 5.50 5.52
Support 1 (S1) 5.33 5.41 5.28 5.28 5.11
Support 2 (S2) 5.22 5.34 5.20 5.08
Support 3 (S3) 5.03 5.22 5.06
Support 4 (S4) 4.98