REN

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	RENE
ISIN:	PTREL0AM0008

REN - 1H - Technical analysis published on 03/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 2.175 EUR

My targets

2.220 EUR (+1.37%)

2.240 EUR (+2.28%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on REN. This is a positive signal for buyers. As long as the price remains above 2.175 EUR, a purchase could be considered. The first bullish objective is located at 2.220 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.240 EUR as an objective. Crossing it would then enable buyers to target 2.265 EUR. In the event of a return below 2.175 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The REN rating is 2.190 EUR. On the day, this instrument gained +0.23% and was between 2.185 EUR and 2.190 EUR. This implies that the price is at +0.23% from its lowest and at 0% from its highest.

2.185

2.190

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of REN in 1H shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.155	2.175	2.189	2.190	2.220	2.240	2.265
Change (%)	-1.60%	-0.68%	-0.05%	-	+1.37%	+2.28%	+3.42%
Change	-0.035	-0.015	-0.001	-	+0.030	+0.050	+0.075
Level	Minor	Intermediate	Major	-	Minor	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.162	2.168	2.177	2.183	2.192	2.198	2.207
Camarilla	2.181	2.182	2.184	2.185	2.186	2.188	2.189
Woodie	2.163	2.169	2.178	2.184	2.193	2.199	2.208
Fibonacci	2.168	2.174	2.178	2.183	2.189	2.193	2.198

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.065	2.090	2.135	2.160	2.205	2.230	2.275
Camarilla	2.161	2.167	2.174	2.180	2.186	2.193	2.199
Woodie	2.075	2.095	2.145	2.165	2.215	2.235	2.285
Fibonacci	2.090	2.117	2.133	2.160	2.187	2.203	2.230

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.028	2.097	2.143	2.212	2.258	2.327	2.373
Camarilla	2.158	2.169	2.180	2.190	2.201	2.211	2.222
Woodie	2.018	2.091	2.133	2.206	2.248	2.321	2.363
Fibonacci	2.097	2.141	2.168	2.212	2.256	2.283	2.327

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.72
MACD (12,26,9):	0.0070
Directional Movement:	6.851
AROON (14):	21.428
DEMA (21):	2.188
Parabolic SAR (0,02-0,02-0,2):	2.180
Elder Ray (13):	0.006
Super Trend (3,10):	2.168
Zig ZAG (10):	2.190
VORTEX (21):	1.0940
Stochastique (14,3,5):	86.67
TEMA (21):	2.191
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.015
Repulse (5,40,3):	0.1050
ROCnROLL:	1
TRIX (15,9):	0.0530
Courbe Coppock:	0.95

MA7:	2.162
MA20:	2.193
MA50:	2.219
MA100:	2.286
MAexp7:	2.185
MAexp20:	2.178
MAexp50:	2.170
MAexp100:	2.176
Price / MA7:	+1.30%
Price / MA20:	-0.14%
Price / MA50:	-1.31%
Price / MA100:	-4.20%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.55%
Price / MAexp50:	+0.92%
Price / MAexp100:	+0.64%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

The last news published on REN at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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