Renewable Energy Group, Inc. (REGI)

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Stock Price History

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Our View

Renewable Energy Group is a biodiesel producer based out of Iowa. The company has 13 biorefineries and a feedstock processing facility. The push towards reducing carbon emissions is driving the shift from petroleum diesel to biodiesel and low carbon alternative fuels. So, the demand for biodiesel is poised to grow. As a result, the long-term prospects of the company appear to be bright.

Renewable Energy Group went public in 2012. Its long-term monthly chart shows a sideways movement for about six years. However, it wasn’t until late 2019 that the stock began its strong uptrend. Over the next 16 months, the price went up 10X and crossed the $110 mark. Since then, prices have fallen by 50% in just three months. In May 2021, the downward trend was reversed as prices have found support at the $51 level. The $51 level is also close to the bottom trendline. If the reversal holds, then the likely price target is $90 and then over $100. A stop-loss can be placed below the bottom trend line at $45.
Position entered into our long-term tracking portfolio today. The entry point is at $68.06, and a stop-loss placed at $49.99, which is 26 % below the entry point. The short-term to medium-term take profit at the top of the trend is set at $81.7, giving a profit of 20%.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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