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 07/25/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 2.340 EUR

My targets

2.488 EUR (+4.54%)

2.673 EUR (+12.31%)

My analysis

REN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.340 EUR. The next resistance located at 2.488 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.673 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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

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 2.380 EUR. The price has increased by +0.42% since the last closing with the lowest point at 2.365 EUR and the highest point at 2.390 EUR. The deviation from the price is +0.63% for the low point and -0.42% for the high point.

2.365

2.390

2.380

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 for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this REN chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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 : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.224	2.264	2.340	2.380	2.405	2.488	2.673
Change (%)	-6.55%	-4.87%	-1.68%	-	+1.05%	+4.54%	+12.31%
Change	-0.156	-0.116	-0.040	-	+0.025	+0.108	+0.293
Level	Intermediate	Major	Minor	-	Intermediate	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.342	2.353	2.362	2.373	2.382	2.393	2.402
Camarilla	2.365	2.366	2.368	2.370	2.372	2.374	2.376
Woodie	2.340	2.353	2.360	2.373	2.380	2.393	2.400
Fibonacci	2.353	2.361	2.366	2.373	2.381	2.386	2.393

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.278	2.297	2.323	2.342	2.368	2.387	2.413
Camarilla	2.338	2.342	2.346	2.350	2.354	2.358	2.362
Woodie	2.283	2.299	2.328	2.344	2.373	2.389	2.418
Fibonacci	2.297	2.314	2.325	2.342	2.359	2.370	2.387

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	61.42
MACD (12,26,9):	0.0160
Directional Movement:	10.111
AROON (14):	92.857
DEMA (21):	2.359
Parabolic SAR (0,02-0,02-0,2):	2.301
Elder Ray (13):	0.028
Super Trend (3,10):	2.304
Zig ZAG (10):	2.380
VORTEX (21):	1.0870
Stochastique (14,3,5):	90.24
TEMA (21):	2.368
Williams %R (14):	-9.52
Chande Momentum Oscillator (20):	0.085
Repulse (5,40,3):	1.2720
ROCnROLL:	1
TRIX (15,9):	0.0470
Courbe Coppock:	5.86

MA7:	2.366
MA20:	2.326
MA50:	2.335
MA100:	2.245
MAexp7:	2.364
MAexp20:	2.341
MAexp50:	2.315
MAexp100:	2.280
Price / MA7:	+0.59%
Price / MA20:	+2.32%
Price / MA50:	+1.93%
Price / MA100:	+6.01%
Price / MAexp7:	+0.68%
Price / MAexp20:	+1.67%
Price / MAexp50:	+2.81%
Price / MAexp100:	+4.39%

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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