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 08/08/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

61%

33%

My opinion

Bullish above 2.335 EUR

My targets

2.375 EUR (+0.85%)

2.390 EUR (+1.49%)

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 2.335 EUR. The next resistance located at 2.375 EUR is the next bullish target 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 2.390 EUR. After this resistance, buyers could then target 2.405 EUR.

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

5.7

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The REN price is 2.355 EUR. The price is lower by -0.42% since the last closing and was between 2.355 EUR and 2.370 EUR. This implies that the price is at 0% from its lowest and at -0.63% from its highest.

2.355

2.370

2.355

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of REN in 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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	2.323	2.335	2.350	2.355	2.375	2.390	2.405
Change (%)	-1.36%	-0.85%	-0.21%	-	+0.85%	+1.49%	+2.12%
Change	-0.032	-0.020	-0.005	-	+0.020	+0.035	+0.050
Level	Minor	Intermediate	Major	-	Minor	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	2.323	2.332	2.348	2.357	2.373	2.382	2.398
Camarilla	2.358	2.360	2.363	2.365	2.367	2.370	2.372
Woodie	2.328	2.334	2.353	2.359	2.378	2.384	2.403
Fibonacci	2.332	2.341	2.347	2.357	2.366	2.372	2.382

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.267	2.293	2.342	2.368	2.417	2.443	2.492
Camarilla	2.369	2.376	2.383	2.390	2.397	2.404	2.411
Woodie	2.278	2.299	2.353	2.374	2.428	2.449	2.503
Fibonacci	2.293	2.322	2.340	2.368	2.397	2.415	2.443

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.152	2.208	2.277	2.333	2.402	2.458	2.527
Camarilla	2.311	2.322	2.334	2.345	2.357	2.368	2.379
Woodie	2.158	2.211	2.283	2.336	2.408	2.461	2.533
Fibonacci	2.208	2.256	2.286	2.333	2.381	2.411	2.458

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):	52.60
MACD (12,26,9):	0.0020
Directional Movement:	8.093
AROON (14):	78.571
DEMA (21):	2.354
Parabolic SAR (0,02-0,02-0,2):	2.332
Elder Ray (13):	0.001
Super Trend (3,10):	2.336
Zig ZAG (10):	2.355
VORTEX (21):	1.0300
Stochastique (14,3,5):	71.43
TEMA (21):	2.357
Williams %R (14):	-42.86
Chande Momentum Oscillator (20):	0.020
Repulse (5,40,3):	-0.2760
ROCnROLL:	1
TRIX (15,9):	0.0020
Courbe Coppock:	1.52

MA7:	2.355
MA20:	2.353
MA50:	2.333
MA100:	2.268
MAexp7:	2.356
MAexp20:	2.352
MAexp50:	2.351
MAexp100:	2.350
Price / MA7:	-0%
Price / MA20:	+0.08%
Price / MA50:	+0.94%
Price / MA100:	+3.84%
Price / MAexp7:	-0.04%
Price / MAexp20:	+0.13%
Price / MAexp50:	+0.17%
Price / MAexp100:	+0.21%

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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