RNRG Global X Renewable Energy Producers ETF Forecast, Technical & Fundamental Analysis
The investment seeks to track, before fees and expenses, the price and yield performance of the Indxx Renewable Energy Producers Index... Show more
RNRG in -2.68% downward trend, declining for three consecutive days on February 27, 2025
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where RNRG declined for three days, in of 311 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where RNRG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
RNRG moved below its 50-day moving average on February 27, 2025 date and that indicates a change from an upward trend to a downward trend.
The Aroon Indicator for RNRG entered a downward trend on February 19, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 14, 2025. You may want to consider a long position or call options on RNRG as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for RNRG just turned positive on February 05, 2025. Looking at past instances where RNRG's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RNRG advanced for three days, in of 281 cases, the price rose further within the following month. The odds of a continued upward trend are .
RNRG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category Utilities
RNRG and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RNRG has been loosely correlated with FUTY. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if RNRG jumps, then FUTY could also see price increases.
| Ticker / NAME | Correlation To RNRG | 1D Price Change % | ||
|---|---|---|---|---|
| RNRG | 100% | +0.83% | ||
| FUTY - RNRG | 62% Loosely correlated | +1.51% | ||
| VPU - RNRG | 62% Loosely correlated | +1.42% | ||
| IDU - RNRG | 61% Loosely correlated | +1.54% | ||
| XLU - RNRG | 60% Loosely correlated | +1.53% | ||
| RSPU - RNRG | 44% Loosely correlated | +1.65% | ||
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