Here we’ll look at what some of the short term technical indicators are reading for shares of Renewable Energy Group, Inc. (REGI). The signal from the 20-day moving average is revealing a “Buy”. The 20-50 day MACD Oscillator, which can be used to identify bullish or bearish directional movement is currently showing a “Buy” signal.
In an attempt to identify a general trend, we see that Renewable Energy Group, Inc. (REGI) presently reveals a Buy, according to the Trendspotter signal. Trendspotter signal is determined by combining momentum, volatility and a bit of wave theory to assist in identifying a directional trend of a stock. Renewable Energy Group, Inc.’s 20-day Bollinger is showing a “Hold” and the 20-Day MA signals a “Buy”. Trendspotter is compared to the historical performance where maximum would be considered the strongest, and minimum would be touted as the weakest. In terms of direction, the trendspotter signal is currently Weakest. This signal may indicate if the Buy or Sell is weakening or gaining strength, or if the Hold is leaning towards a Buy or Sell.
The first resistance for Renewable Energy Group, Inc. stands at $17.97 and second resistance at $18.28. On the other end, investors are watching the first support level of $17.37, and the second support level of $17.08.
Technical analysts may be interested in how Renewable Energy Group, Inc. (REGI) is trading in relation to some moving averages. Presently, the 200-day MA is resting at 12.21, and the 50-day is 14.25. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader calculate reliable support and resistance levels for the stock.
The 14-day ADX for Renewable Energy Group, Inc. (REGI) is currently at 49.94. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. Checking in on some other technical levels, the 14-day RSI is currently at 79.59, the 7-day stands at 74.42, and the 3-day is sitting at 43.08. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings.
At the time of writing, Renewable Energy Group, Inc. (REGI) has a 14-day Commodity Channel Index (CCI) of 57.25. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time period. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Renewable Energy Group, Inc. (REGI)’s Williams %R presently stands at -14.93. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.