Question 1

What does the Stochastic Oscillator suggest about RENW's trend?

Accepted Answer

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Question 2

How did RENW's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved below the 0 level on August 30, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on RENW as a result. In 25 of 32 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 78%.

Question 3

What does MACD indicator imply for RENW?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for RENW turned negative on September 03, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 21 similar instances when the indicator turned negative. In 17 of the 21 cases the stock turned lower in the days that followed. This puts the odds of success at 81%.

Question 4

What is the significance of the 50-day moving average indicator for RENW?

Accepted Answer

RENW moved below its 50-day moving average on September 03, 2024 date and that indicates a change from an upward trend to a downward trend. In 14 of 16 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 88%.

Question 5

What is the significance of the 10-day moving average indicator for RENW?

Accepted Answer

The 10-day moving average for RENW crossed bearishly below the 50-day moving average on September 05, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 7 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 86%.

Question 6

What does a 3-day price advance indicate for RENW?

Accepted Answer

Following a +1.43% 3-day Advance, the price is estimated to grow further. Considering data from situations where RENW advanced for three days, in 111 of 141 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.

Question 7

What does a 3-day decline signify for RENW's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RENW declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 80%.

Question 8

What does RENW breaking above its upper Bollinger Band indicate?

Accepted Answer

RENW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 9

How does the Aroon Indicator reflect on RENW's trend?

Accepted Answer

The Aroon Indicator for RENW entered a downward trend on August 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

RENW Stock Harbor Energy Transition Strategy ETF (RENW, $12.77) Aroon Indicator entered a Downtrend on August 14, 2024.

RENW in downward trend: price dove below 50-day moving average on September 03, 2024

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