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 09/10/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 2.266 EUR

My targets

2.488 EUR (+2.60%)

2.559 EUR (+5.53%)

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 2.266 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 2.559 EUR. After this resistance, buyers could then target 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.

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

8.4

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 2.425 EUR. On the day, this instrument lost -0.21% with the lowest point at 2.425 EUR and the highest point at 2.430 EUR. The deviation from the price is 0% for the low point and -0.21% for the high point.

2.425

2.430

2.425

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:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of REN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.182	2.266	2.405	2.425	2.488	2.559	2.673
Change (%)	-10.02%	-6.56%	-0.82%	-	+2.60%	+5.53%	+10.23%
Change	-0.243	-0.159	-0.020	-	+0.063	+0.134	+0.248
Level	Minor	Major	Major	-	Intermediate	Minor	Major

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	2.397	2.403	2.417	2.423	2.437	2.443	2.457
Camarilla	2.425	2.426	2.428	2.430	2.432	2.434	2.436
Woodie	2.400	2.405	2.420	2.425	2.440	2.445	2.460
Fibonacci	2.403	2.411	2.416	2.423	2.431	2.436	2.443

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.317	2.338	2.377	2.398	2.437	2.458	2.497
Camarilla	2.399	2.404	2.410	2.415	2.421	2.426	2.432
Woodie	2.325	2.343	2.385	2.403	2.445	2.463	2.505
Fibonacci	2.338	2.361	2.375	2.398	2.421	2.435	2.458

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.258	2.292	2.328	2.362	2.398	2.432	2.468
Camarilla	2.346	2.352	2.359	2.365	2.371	2.378	2.384
Woodie	2.260	2.293	2.330	2.363	2.400	2.433	2.470
Fibonacci	2.292	2.318	2.335	2.362	2.388	2.405	2.432

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):	64.14
MACD (12,26,9):	0.0170
Directional Movement:	13.880
AROON (14):	85.714
DEMA (21):	2.404
Parabolic SAR (0,02-0,02-0,2):	2.354
Elder Ray (13):	0.034
Super Trend (3,10):	2.360
Zig ZAG (10):	2.425
VORTEX (21):	1.1510
Stochastique (14,3,5):	96.48
TEMA (21):	2.413
Williams %R (14):	-5.00
Chande Momentum Oscillator (20):	0.060
Repulse (5,40,3):	1.5580
ROCnROLL:	1
TRIX (15,9):	0.0640
Courbe Coppock:	3.16

MA7:	2.404
MA20:	2.378
MA50:	2.357
MA100:	2.328
MAexp7:	2.407
MAexp20:	2.384
MAexp50:	2.359
MAexp100:	2.325
Price / MA7:	+0.87%
Price / MA20:	+1.98%
Price / MA50:	+2.89%
Price / MA100:	+4.17%
Price / MAexp7:	+0.75%
Price / MAexp20:	+1.72%
Price / MAexp50:	+2.80%
Price / MAexp100:	+4.30%

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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