RENEWABLE ENERGY GROUP INC.

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Type:	Stocks
Ticker:	REGI
ISIN:

RENEWABLE ENERGY GROUP INC. - 15 min. - Technical analysis published on 02/28/2022 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

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RENEWABLE ENERGY GROUP INC. Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 43.40 USD

My targets

44.36 USD (+1.26%)

44.91 USD (+2.51%)

My analysis

The bullish trend is currently very strong on RENEWABLE ENERGY GROUP INC.. As long as the price remains above the support at 43.40 USD, you could try to benefit from the boom. The first bullish objective is located at 44.36 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 44.91 USD as an objective. Crossing it would then enable buyers to target 45.87 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by aba0550.

Additional analysis

Quotes

The RENEWABLE ENERGY GROUP INC. rating is 43.81 USD. On the day, this instrument gained +1.74% with the lowest point at 42.44 USD and the highest point at 43.95 USD. The deviation from the price is +3.23% for the low point and -0.32% for the high point.

42.44

43.95

43.81

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this RENEWABLE ENERGY GROUP INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	36.58	39.25	41.70	43.81	43.96	45.43	53.00
Change (%)	-16.50%	-10.41%	-4.82%	-	+0.34%	+3.70%	+20.98%
Change	-7.23	-4.56	-2.11	-	+0.15	+1.62	+9.19
Level	Minor	Intermediate	Major	-	Major	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41.34	41.89	42.85	43.40	44.36	44.91	45.87
Camarilla	43.40	43.53	43.67	43.81	43.95	44.09	44.23
Woodie	41.55	41.99	43.06	43.50	44.57	45.01	46.08
Fibonacci	41.89	42.47	42.82	43.40	43.98	44.33	44.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.84	28.69	36.25	40.10	47.66	51.51	59.07
Camarilla	40.67	41.72	42.76	43.81	44.86	45.90	46.95
Woodie	26.70	29.62	38.11	41.03	49.52	52.44	60.93
Fibonacci	28.69	33.05	35.74	40.10	44.46	47.15	51.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.14	31.89	36.07	41.82	46.00	51.75	55.93
Camarilla	37.53	38.44	39.35	40.26	41.17	42.08	42.99
Woodie	25.37	31.50	35.30	41.43	45.23	51.36	55.16
Fibonacci	31.89	35.68	38.02	41.82	45.61	47.95	51.75

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	65.34
MACD (12,26,9):	0.2300
Directional Movement:	14.51
AROON (14):	92.86
DEMA (21):	43.60
Parabolic SAR (0,02-0,02-0,2):	42.46
Elder Ray (13):	0.31
Super Trend (3,10):	42.83
Zig ZAG (10):	43.81
VORTEX (21):	1.1300
Stochastique (14,3,5):	79.07
TEMA (21):	43.45
Williams %R (14):	-2.22
Chande Momentum Oscillator (20):	0.71
Repulse (5,40,3):	1.3200
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	1.89

MA7:	37.73
MA20:	37.84
MA50:	41.08
MA100:	47.08
MAexp7:	43.47
MAexp20:	43.27
MAexp50:	42.43
MAexp100:	40.75
Price / MA7:	+16.11%
Price / MA20:	+15.78%
Price / MA50:	+6.65%
Price / MA100:	-6.95%
Price / MAexp7:	+0.78%
Price / MAexp20:	+1.25%
Price / MAexp50:	+3.25%
Price / MAexp100:	+7.51%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on RENEWABLE ENERGY GROUP INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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