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 07/04/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

67%

28%

My opinion

Bullish above 2.264 EUR

My targets

2.332 EUR (+1.39%)

2.355 EUR (+2.39%)

My analysis

The strong short-term increase in REN calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 2.264 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 2.332 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.355 EUR as an objective. Crossing it would then enable buyers to target 2.390 EUR. Caution, a return under 2.264 EUR could jeopardize the reversal.

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

Force

2.3

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

The REN rating is 2.300 EUR. On the day, this instrument gained +0.88% and was traded between 2.280 EUR and 2.300 EUR over the period. The price is currently at +0.88% from its lowest and 0% from its highest.

2.280

2.300

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 result:

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 slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.224	2.264	2.293	2.300	2.332	2.355	2.390
Change (%)	-3.30%	-1.57%	-0.30%	-	+1.39%	+2.39%	+3.91%
Change	-0.076	-0.036	-0.007	-	+0.032	+0.055	+0.090
Level	Intermediate	Major	Intermediate	-	Major	Intermediate	Minor

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	2.242	2.253	2.267	2.278	2.292	2.303	2.317
Camarilla	2.273	2.275	2.278	2.280	2.282	2.285	2.287
Woodie	2.243	2.254	2.268	2.279	2.293	2.304	2.318
Fibonacci	2.253	2.263	2.269	2.278	2.288	2.294	2.303

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.200	2.240	2.265	2.305	2.330	2.370	2.395
Camarilla	2.272	2.278	2.284	2.290	2.296	2.302	2.308
Woodie	2.193	2.236	2.258	2.301	2.323	2.366	2.388
Fibonacci	2.240	2.265	2.280	2.305	2.330	2.345	2.370

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.140	2.210	2.250	2.320	2.360	2.430	2.470
Camarilla	2.260	2.270	2.280	2.290	2.300	2.310	2.320
Woodie	2.125	2.203	2.235	2.313	2.345	2.423	2.455
Fibonacci	2.210	2.252	2.278	2.320	2.362	2.388	2.430

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):	56.85
MACD (12,26,9):	0.0010
Directional Movement:	-1.207
AROON (14):	42.857
DEMA (21):	2.283
Parabolic SAR (0,02-0,02-0,2):	2.272
Elder Ray (13):	0.001
Super Trend (3,10):	2.273
Zig ZAG (10):	2.285
VORTEX (21):	1.0770
Stochastique (14,3,5):	86.67
TEMA (21):	2.288
Williams %R (14):	-20.00
Chande Momentum Oscillator (20):	0.015
Repulse (5,40,3):	0.2030
ROCnROLL:	-1
TRIX (15,9):	-0.0080
Courbe Coppock:	1.42

MA7:	2.286
MA20:	2.323
MA50:	2.305
MA100:	2.213
MAexp7:	2.286
MAexp20:	2.283
MAexp50:	2.289
MAexp100:	2.301
Price / MA7:	+0.61%
Price / MA20:	-0.99%
Price / MA50:	-0.22%
Price / MA100:	+3.93%
Price / MAexp7:	+0.61%
Price / MAexp20:	+0.74%
Price / MAexp50:	+0.48%
Price / MAexp100:	-0.04%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

Don't forget to follow the news on REN. At the time of publication of this analysis, the latest news was as follows:

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

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