Momentum Indicator for RNWZ turns positive, indicating new upward trend
RNWZ saw its Momentum Indicator move above the 0 level on August 11, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 41 similar instances where the indicator turned positive. In of the 41 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
Bearish Trend Analysis
The 10-day RSI Indicator for RNWZ moved out of overbought territory on July 28, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 18 similar instances where the indicator moved out of overbought territory. In of the 18 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Moving Average Convergence Divergence Histogram (MACD) for RNWZ turned negative on July 29, 2025. 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 18 similar instances when the indicator turned negative. In of the 18 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RNWZ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
RNWZ broke above its upper Bollinger Band on July 22, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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General Information
Category Energy
RNWZ and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RNWZ has been closely correlated with CNRG. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if RNWZ jumps, then CNRG could also see price increases.
| Ticker / NAME | Correlation To RNWZ | 1D Price Change % | ||
|---|---|---|---|---|
| RNWZ | 100% | +0.22% | ||
| CNRG - RNWZ | 67% Closely correlated | +3.79% | ||
| EIPX - RNWZ | 40% Loosely correlated | N/A | ||
| XOP - RNWZ | 31% Poorly correlated | -0.50% | ||
| OIH - RNWZ | 30% Poorly correlated | -1.24% | ||
| SOLR - RNWZ | 29% Poorly correlated | N/A | ||
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