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 06/28/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 2.332 EUR

My targets

2.264 EUR (-1.14%)

2.224 EUR (-2.88%)

My analysis

The bearish trend is currently very strong for REN. As long as the price remains below the resistance at 2.332 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.264 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

7.3

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

REN rating 2.290 EUR. On the day, this instrument gained +0.22% with the lowest point at 2.285 EUR and the highest point at 2.300 EUR. The deviation from the price is +0.22% for the low point and -0.43% for the high point.

2.285

2.300

2.290

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of REN in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed 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.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.182	2.224	2.264	2.290	2.293	2.332	2.355
Change (%)	-4.72%	-2.88%	-1.14%	-	+0.13%	+1.83%	+2.84%
Change	-0.108	-0.066	-0.026	-	+0.003	+0.042	+0.065
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Major	Minor

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	2.258	2.272	2.278	2.292	2.298	2.312	2.318
Camarilla	2.280	2.281	2.283	2.285	2.287	2.289	2.291
Woodie	2.255	2.270	2.275	2.290	2.295	2.310	2.315
Fibonacci	2.272	2.279	2.284	2.292	2.299	2.304	2.312

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):	32.38
MACD (12,26,9):	-0.0100
Directional Movement:	-10.192
AROON (14):	-78.571
DEMA (21):	2.291
Parabolic SAR (0,02-0,02-0,2):	2.300
Elder Ray (13):	-0.006
Super Trend (3,10):	2.310
Zig ZAG (10):	2.290
VORTEX (21):	0.7500
Stochastique (14,3,5):	11.11
TEMA (21):	2.287
Williams %R (14):	-83.33
Chande Momentum Oscillator (20):	-0.020
Repulse (5,40,3):	-0.6140
ROCnROLL:	2
TRIX (15,9):	-0.0560
Courbe Coppock:	1.96

MA7:	2.318
MA20:	2.332
MA50:	2.295
MA100:	2.207
MAexp7:	2.293
MAexp20:	2.303
MAexp50:	2.317
MAexp100:	2.326
Price / MA7:	-1.21%
Price / MA20:	-1.80%
Price / MA50:	-0.22%
Price / MA100:	+3.76%
Price / MAexp7:	-0.13%
Price / MAexp20:	-0.56%
Price / MAexp50:	-1.17%
Price / MAexp100:	-1.55%

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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