RENEWABLE ENERGY GROUP INC.

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Type:	Stocks
Ticker:	REGI
ISIN:

RENEWABLE ENERGY GROUP INC. - 1H - Technical analysis published on 02/28/2022 (GMT)

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Timeframe : 1H
- 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

67%

33%

My opinion

Bullish above 41.70 USD

My targets

45.43 USD (+3.70%)

47.66 USD (+8.79%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RENEWABLE ENERGY GROUP INC. as long as the price remains well above 41.70 USD. The buyers' bullish objective is set at 45.43 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 47.66 USD. If there is any crossing, the next objective would be the resistance located at 53.00 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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

RENEWABLE ENERGY GROUP INC. rating 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

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of RENEWABLE ENERGY GROUP INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	74.12
MACD (12,26,9):	1.8000
Directional Movement:	21.55
AROON (14):	57.15
DEMA (21):	44.05
Parabolic SAR (0,02-0,02-0,2):	42.29
Elder Ray (13):	0.91
Super Trend (3,10):	40.71
Zig ZAG (10):	43.81
VORTEX (21):	1.1700
Stochastique (14,3,5):	90.27
TEMA (21):	44.72
Williams %R (14):	-2.96
Chande Momentum Oscillator (20):	1.55
Repulse (5,40,3):	2.1600
ROCnROLL:	1
TRIX (15,9):	0.7500
Courbe Coppock:	13.95

MA7:	37.73
MA20:	37.84
MA50:	41.08
MA100:	47.08
MAexp7:	43.25
MAexp20:	41.63
MAexp50:	39.22
MAexp100:	38.53
Price / MA7:	+16.11%
Price / MA20:	+15.78%
Price / MA50:	+6.65%
Price / MA100:	-6.95%
Price / MAexp7:	+1.29%
Price / MAexp20:	+5.24%
Price / MAexp50:	+11.70%
Price / MAexp100:	+13.70%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on RENEWABLE ENERGY GROUP INC.. At the time of publication of this analysis, the latest news was as follows:

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

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