Render (ticker: RENDER) is currently trading at $2.17, showing a slight decline of 1.69% over the past 24 hours. The daily price range has been relatively tight, with a high of $2.22 and a low of $2.14, indicating limited volatility in the short term.

Volume has reached approximately 57.3 million, equating to 5.08% of the market cap, suggesting moderate trading activity. The moving averages indicate bearish sentiment, with the 55 SMA at $2.21 showing a decline of 1.97%, while the 144 SMA sits at $2.28, reflecting a more significant downturn of 4.68%.

The 1-hour RSI stands at 44, and the 7-day RSI is at 45, indicating that RENDER is approaching oversold territory but has not yet entered it. The 7-day price change of -15.11% signals recent weakness, while the 14-day change of +9.59% suggests a potential recovery phase that could support a short-term rebound.

Over a 30-day period, RENDER has shown a robust increase of 63.91%, highlighting its potential for growth despite recent volatility. However, the current price is significantly below its all-time high of $13.53, reached in March 2024, indicating that there is substantial room for recovery if market conditions improve.

Considering the current bearish indicators in the short term coupled with a recent decline, a cautious approach is warranted. The strong 30-day performance suggests potential for recovery, but immediate selling pressure and the downward trend in moving averages warrant a Hold rating for RENDER at this time. Holding allows investors to reassess the position as the market evolves.