RENN NEWS why is Renren Inc. price falling or rising

RENN NEWS reasons for why stock price of Renren Inc. is falling or rising

RENN Renren Inc is falling or rising technical reasons

Technical analysis forecast of Renren Inc Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Renren Inc RENN at this time. Stock is rising and might rise more.

It appears as if Renren Inc RENN gave a large move recently.

Stock of Renren Inc (RENN) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Renren Inc is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Renren Inc stays above 1.6, but if it comes below 1.6, then a intra day sell could be more profitable.
If you take a sell trade below 1.6, then use 1.6 as stoploss and 1.35 as target. However if you take a buy trade in Renren Inc, then use 1.6 as stoploss and 1.9 as target.

RENN Renren Inc is falling or rising NEWS fundamental reasons

More announcements and NEWS

RENN Renren Inc. current price & indicator signals

Moving Averages for Renren Inc.

  • 5Day Average: 1.6
  • 12Day Average: 1.46
  • 20Day Average: 1.27
  • 50Day Average: 1.19
  • 100Day Average: 1.4
  • 150Day Average: 5.87
  • 200Day Average: 12.15

RENN Indicators & signals

Indicator MACD (12,26,9)

1.46, 1.33, 0.07
Indicator MACD is in positive zone

Indicator ADX (14)

0, 43.75, 43.75
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RENN Renren Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Wed Jun 2023 1.65 1.65 to 1.80 -2.94% 1.3 times
20 Tue Jun 2023 1.70 1.56 to 1.75 8.97% 0.89 times
16 Fri Jun 2023 1.56 1.47 to 1.72 0% 1.36 times
16 Fri Jun 2023 1.56 1.47 to 1.72 1.3% 1.36 times
15 Thu Jun 2023 1.54 1.41 to 1.55 8.45% 0.8 times
14 Wed Jun 2023 1.42 1.41 to 1.63 -0.7% 1.46 times
13 Tue Jun 2023 1.43 1.39 to 1.44 3.62% 0.73 times
12 Mon Jun 2023 1.38 1.34 to 1.42 2.22% 0.48 times
09 Fri Jun 2023 1.35 1.32 to 1.38 -0.74% 0.72 times
08 Thu Jun 2023 1.36 1.28 to 1.41 7.09% 1.34 times
07 Wed Jun 2023 1.27 1.21 to 1.30 0% 0.85 times
06 Tue Jun 2023 1.27 1.12 to 1.36 12.39% 1.56 times

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