Renergen (South Africa) Momentum Indicators Average Directional Movement Index Rating

REN Stock   821.00  21.00  2.49%   
Renergen momentum indicators tool provides the execution environment for running the Average Directional Movement Index Rating indicator and other technical functions against Renergen. Renergen value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of momentum indicators indicators. As with most other technical indicators, the Average Directional Movement Index Rating indicator function is designed to identify and follow existing trends. Momentum indicators of Renergen are pattern recognition functions that provide distinct formation on Renergen potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.

The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. The Average Directional Movement Index Rating (ADXR) is equal to the current ADX plus the ADX from (N) bars ago divided by 2. It is the average of the two ADX values. The ADXR of Renergen is less responsive then the ADX, and filters out excessive tops and bottoms. To interpret Renergen ADXR value, consider a high number to be a strong trend, and a low number, a weak trend.

Renergen Technical Analysis Modules

Most technical analysis of Renergen help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Renergen from various momentum indicators to cycle indicators. When you analyze Renergen charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Renergen Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Renergen. We use our internally-developed statistical techniques to arrive at the intrinsic value of Renergen based on widely used predictive technical indicators. In general, we focus on analyzing Renergen Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Renergen's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Renergen's intrinsic value. In addition to deriving basic predictive indicators for Renergen, we also check how macroeconomic factors affect Renergen price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
818.49821.00823.51
Details
Intrinsic
Valuation
LowRealHigh
816.98819.49822.00
Details
Naive
Forecast
LowNextHigh
778.40780.91783.43
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
811.93863.40914.87
Details

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Renergen in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Renergen's short interest history, or implied volatility extrapolated from Renergen options trading.

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Other Information on Investing in Renergen Stock

Renergen financial ratios help investors to determine whether Renergen Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Renergen with respect to the benefits of owning Renergen security.