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 06/25/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

72%

22%

My opinion

Bearish under 2.340 EUR

My targets

2.294 EUR (-1.33%)

2.224 EUR (-4.34%)

My analysis

The bearish trend is currently very strong for REN. As long as the price remains below the resistance at 2.340 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.294 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.224 EUR as an objective. Crossing it would then enable sellers to target 2.182 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.5

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 price is 2.325 EUR. On the day, this instrument gained +0.00% and was traded between 2.325 EUR and 2.335 EUR over the period. The price is currently at 0% from its lowest and -0.43% from its highest.

2.325

2.335

2.325

Here is a more detailed summary of the historical variations registered by REN:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of REN indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.285	2.294	2.320	2.325	2.332	2.340	2.355
Change (%)	-1.72%	-1.33%	-0.22%	-	+0.30%	+0.65%	+1.29%
Change	-0.040	-0.031	-0.005	-	+0.007	+0.015	+0.030
Level	Minor	Major	Intermediate	-	Intermediate	Intermediate	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	2.298	2.312	2.318	2.332	2.338	2.352	2.358
Camarilla	2.320	2.321	2.323	2.325	2.327	2.329	2.331
Woodie	2.295	2.310	2.315	2.330	2.335	2.350	2.355
Fibonacci	2.312	2.319	2.324	2.332	2.339	2.344	2.352

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.280	2.300	2.315	2.335	2.350	2.370	2.385
Camarilla	2.320	2.324	2.327	2.330	2.333	2.336	2.340
Woodie	2.278	2.299	2.313	2.334	2.348	2.369	2.383
Fibonacci	2.300	2.313	2.322	2.335	2.348	2.357	2.370

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.923	2.043	2.169	2.289	2.415	2.535	2.661
Camarilla	2.227	2.250	2.273	2.295	2.318	2.340	2.363
Woodie	1.926	2.045	2.172	2.291	2.418	2.537	2.664
Fibonacci	2.043	2.137	2.195	2.289	2.383	2.441	2.535

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):	40.72
MACD (12,26,9):	-0.0030
Directional Movement:	8.685
AROON (14):	0
DEMA (21):	2.330
Parabolic SAR (0,02-0,02-0,2):	2.342
Elder Ray (13):	-0.004
Super Trend (3,10):	2.346
Zig ZAG (10):	2.325
VORTEX (21):	0.7410
Stochastique (14,3,5):	16.67
TEMA (21):	2.327
Williams %R (14):	-100.00
Chande Momentum Oscillator (20):	-0.005
Repulse (5,40,3):	-0.3480
ROCnROLL:	2
TRIX (15,9):	-0.0140
Courbe Coppock:	0.68

MA7:	2.336
MA20:	2.332
MA50:	2.284
MA100:	2.202
MAexp7:	2.330
MAexp20:	2.333
MAexp50:	2.336
MAexp100:	2.338
Price / MA7:	-0.47%
Price / MA20:	-0.30%
Price / MA50:	+1.80%
Price / MA100:	+5.59%
Price / MAexp7:	-0.21%
Price / MAexp20:	-0.34%
Price / MAexp50:	-0.47%
Price / MAexp100:	-0.56%

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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