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RNG Bull Flag and Power Play Setup Near Highs in Stage 2 Uptrend

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, Stage 2 (Advancing), as of September 10, 2026 at 18:58 — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

RNG is trading at 69.64 in a Stage 2 advancing trend, holding above a rising 30-week moving average with a 7 of 8 trend template pass and price 182.1 percent above its 52-week low. The market is focused on a bull flag and power play pattern after a 43.1 percent recent run and a shallow 8.8 percent pullback, with the stock sitting just 8.8 percent off its 52-week high. Sentiment is bullish, reflecting an offensive setup in place, though the base is too short for a VCP and the relative strength line has not yet confirmed a new three-month high.

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Technical Analysis

As of 2026-09-09 · Close $69.64

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 17.73%)

Detected Patterns — What the Market Is Watching

  • Power Play / High Tight Flag — one of the most powerful momentum setups
  • Bull Flag after a 43.1% run, currently 8.8% off the flag high

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