Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ReNew Energy Global plc shares valued at $216,804 were purchased by Mehta Balram on Oct 04 ’24. At $6.29 per share, Mehta Balram acquired 34,468 shares.
Also, Vaswani Kailash purchased 200,000 shares, netting a total of over 1,258,000 in proceeds.
As published in a research note from Morgan Stanley on September 26, 2024, ReNew Energy Global plc [RNW] has been rated down from an Overweight to an Equal-weight. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of May 15, 2023, Credit Suisse has increased its “Neutral” rating to a “an Outperform” for RNW. Earlier on February 01, 2023, Credit Suisse downgraded its rating. Their new recommendation was “a Neutral” for RNW stock which previously was a “an Outperform”.
Analyzing RNW Stock Performance
During the last five days, there has been a surge of approximately 3.26%. Over the course of the year, ReNew Energy Global plc shares have dropped approximately -7.17%. Shares of the company reached a 52-week high of $7.09 on 01/07/25 and a 52-week low of $5.41 on 04/09/25. A 50-day SMA is recorded $6.18, while a 200-day SMA reached $6.14.
Support And Resistance Levels for ReNew Energy Global plc (RNW)
According to the 24-hour chart, there is a support level at 6.26, which, if violated, would cause prices to drop to 6.18. In the upper region, resistance lies at 6.48. The next price resistance is at 6.62. RSI (Relative Strength Index) is 57.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 17.78%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
