RNG Stage 2 Uptrend Intact, Bull Flag Nears 64.1 Pivot

Posted on by Eben@CANSLIM Research
RNG daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

RNG is trading in a Stage 2 advance, holding above a rising 30-week moving average with the stock just 1.9% off its 52-week high. The market is focused on a tight bull-flag pattern forming near highs, with a pivot at 64.1 and a shallow 1.9% pullback after a 62% run. Overall sentiment is bullish, as the trend template passes 7 of 8 checks and the setup is considered offensive, though the RS line has not yet confirmed a new relative-strength high.

Technical Analysis

As of 2026-08-12 · Close $62.88

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 11.87%)

Detected Patterns — What the Market Is Watching

  • Power Play candidate (strong momentum, watching for a tight flag to form)
  • Bull Flag after a 62.0% run, currently 1.9% off the flag high

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