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    Technical Analysis for RNW - ReNew Energy Global plc

    Grade Last Price % Change Price Change
    D 6.06 -1.30% -0.08
    RNW closed down 1.3 percent on Wednesday, July 3, 2024, on 61 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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.
    2 Watchers
    Watchlist Portfolio

    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Weak or Absent Down Down Down
    Historical RNW trend table...
    Date Alert Name Type % Chg
    Fell Below 50 DMA Bearish 0.00%
    Oversold Stochastic Weakness 0.00%
    50 DMA Support Bullish -1.30%
    Pocket Pivot Bullish Swing Setup -1.30%
    Stochastic Reached Oversold Weakness -1.30%
    Oversold Stochastic Weakness -1.30%
    Fell Below 200 DMA Bearish -0.33%
    50 DMA Support Bullish -0.33%
    Fell Below 20 DMA Bearish -2.88%
    MACD Bearish Signal Line Cross Bearish -2.88%
    Older End-of-Day Signals for RNW ...

       Recent Intraday Alerts

    Alert Time
    Down 2 % about 9 hours ago
    60 Minute Opening Range Breakdown about 10 hours ago
    Down 1% about 10 hours ago
    Fell Below 50 DMA about 10 hours ago
    50 DMA Support about 11 hours ago
    View Earlier Intraday Alerts

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    RNW Chart by TradingView
    Basic chart:

    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
    Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Jun 23 ReNew Energy Global (NASDAQ:RNW) May Have Issues Allocating Its Capital
    Jun 18 ReNew Energy Global Emerging As Leader In India's Renewable Transition
    Jun 6 ReNew Energy Global Plc (RNW) Q4 2024 Earnings Call Transcript
    Jun 6 ReNew Energy Global Plc 2024 Q1 - Results - Earnings Call Presentation
    Jun 6 ReNew Energy Global reports Q4 results; initiates FY25 guidance
    Jun 5 ReNew Announces Results for the Fourth Quarter and Full Fiscal Year 2024: Reports PAT for FY24 and Provides Long Term Outlook
    May 28 ReNew Announces Date and Conference Call Details for Fourth Quarter Earnings (Q4 FY24), Fiscal Year 2024 Results and Long-Term Outlook
    May 27 Is It Too Late To Consider Buying ReNew Energy Global Plc (NASDAQ:RNW)?
    May 15 India's ReNew signs MoU with Societe Generale for $1B over three years to fund energy projects
    May 15 ReNew and Societe Generale sign MoU for USD 1 Billion to broaden collaboration on energy transition projects
    See more RNW news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 7.79
    52 Week Low 4.78
    Average Volume 1,289,689
    200-Day Moving Average 6.22
    50-Day Moving Average 6.10
    20-Day Moving Average 6.30
    10-Day Moving Average 6.29
    Average True Range 0.26
    RSI (14) 45.95
    ADX 12.57
    +DI 16.73
    -DI 21.53
    Chandelier Exit (Long, 3 ATRs) 6.02
    Chandelier Exit (Short, 3 ATRs) 6.41
    Upper Bollinger Bands 6.66
    Lower Bollinger Band 5.93
    Percent B (%b) 0.17
    BandWidth 11.47
    MACD Line 0.02
    MACD Signal Line 0.07
    MACD Histogram -0.0462
    Fundamentals Value
    Market Cap 1.5 Billion
    Num Shares 247 Million
    EPS 0.08
    Price-to-Earnings (P/E) Ratio 75.75
    Price-to-Sales 0.03
    Price-to-Book 1.81
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 6.35
    Resistance 3 (R3) 6.37 6.28 6.30
    Resistance 2 (R2) 6.28 6.21 6.28 6.29
    Resistance 1 (R1) 6.17 6.16 6.13 6.16 6.27
    Pivot Point 6.09 6.09 6.07 6.08 6.09
    Support 1 (S1) 5.98 6.01 5.94 5.96 5.85
    Support 2 (S2) 5.89 5.97 5.89 5.83
    Support 3 (S3) 5.78 5.89 5.82
    Support 4 (S4) 5.77