REN

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	RENE
ISIN:	PTREL0AM0008

REN - Daily - Technical analysis published on 04/09/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 2.265 EUR

My targets

2.135 EUR (-2.95%)

1.950 EUR (-11.36%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2.265 EUR remains possible. It is advisable to trade REN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.265 EUR. The next bearish objective for sellers is set at 2.135 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.950 EUR. In case of crossing, the next objective would be the support located at 1.824 EUR. PS: if there is a bullish break in the resistance located at 2.265 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.4

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 2.200 EUR. On the day, this instrument gained +0.23% and was traded between 2.185 EUR and 2.200 EUR over the period. The price is currently at +0.69% from its lowest and 0% from its highest.

2.185

2.200

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

A technical analysis in Daily of this REN chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.950	2.135	2.189	2.200	2.265	2.309	2.417
Change (%)	-11.36%	-2.95%	-0.50%	-	+2.95%	+4.95%	+9.86%
Change	-0.250	-0.065	-0.011	-	+0.065	+0.109	+0.217
Level	Intermediate	Minor	Major	-	Intermediate	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.163	2.172	2.183	2.192	2.203	2.212	2.223
Camarilla	2.190	2.191	2.193	2.195	2.197	2.199	2.201
Woodie	2.165	2.173	2.185	2.193	2.205	2.213	2.225
Fibonacci	2.172	2.179	2.184	2.192	2.199	2.204	2.212

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.115	2.145	2.160	2.190	2.205	2.235	2.250
Camarilla	2.163	2.167	2.171	2.175	2.179	2.183	2.187
Woodie	2.108	2.141	2.153	2.186	2.198	2.231	2.243
Fibonacci	2.145	2.162	2.173	2.190	2.207	2.218	2.235

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.965	2.040	2.120	2.195	2.275	2.350	2.430
Camarilla	2.157	2.172	2.186	2.200	2.214	2.228	2.243
Woodie	1.968	2.041	2.123	2.196	2.278	2.351	2.433
Fibonacci	2.040	2.099	2.136	2.195	2.254	2.291	2.350

Numerical data

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

Technical indicators

Moving averages

RSI (14):	50.90
MACD (12,26,9):	-0.0030
Directional Movement:	-7.274
AROON (14):	71.428
DEMA (21):	2.186
Parabolic SAR (0,02-0,02-0,2):	2.144
Elder Ray (13):	-0.001
Super Trend (3,10):	2.221
Zig ZAG (10):	2.200
VORTEX (21):	0.8740
Stochastique (14,3,5):	71.43
TEMA (21):	2.196
Williams %R (14):	-19.05
Chande Momentum Oscillator (20):	0.050
Repulse (5,40,3):	0.2720
ROCnROLL:	-1
TRIX (15,9):	-0.0500
Courbe Coppock:	2.63

MA7:	2.199
MA20:	2.181
MA50:	2.205
MA100:	2.271
MAexp7:	2.195
MAexp20:	2.193
MAexp50:	2.215
MAexp100:	2.258
Price / MA7:	+0.05%
Price / MA20:	+0.87%
Price / MA50:	-0.23%
Price / MA100:	-3.13%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.32%
Price / MAexp50:	-0.68%
Price / MAexp100:	-2.57%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

The latest news and videos published on REN at the time of the analysis were as follows:

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

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