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 09/17/2024 (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

89%

11%

My opinion

Bullish above 2.405 EUR

My targets

2.559 EUR (+4.02%)

2.673 EUR (+8.66%)

My analysis

The bullish trend is currently very strong on REN. As long as the price remains above the support at 2.405 EUR, you could try to benefit from the boom. The first bullish objective is located at 2.559 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.673 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 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

8.9

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 price is 2.460 EUR. The price has increased by +0.20% since the last closing and was between 2.445 EUR and 2.460 EUR. This implies that the price is at +0.61% from its lowest and at 0% from its highest.

2.445

2.460

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

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:

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 REN in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.182	2.266	2.405	2.460	2.488	2.559	2.673
Change (%)	-11.30%	-7.89%	-2.24%	-	+1.14%	+4.02%	+8.66%
Change	-0.278	-0.194	-0.055	-	+0.028	+0.099	+0.213
Level	Minor	Intermediate	Major	-	Intermediate	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.430	2.435	2.445	2.450	2.460	2.465	2.475
Camarilla	2.451	2.452	2.454	2.455	2.456	2.458	2.459
Woodie	2.433	2.436	2.448	2.451	2.463	2.466	2.478
Fibonacci	2.435	2.441	2.444	2.450	2.456	2.459	2.465

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.380	2.395	2.420	2.435	2.460	2.475	2.500
Camarilla	2.434	2.438	2.441	2.445	2.449	2.452	2.456
Woodie	2.385	2.398	2.425	2.438	2.465	2.478	2.505
Fibonacci	2.395	2.410	2.420	2.435	2.450	2.460	2.475

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):	67.98
MACD (12,26,9):	0.0250
Directional Movement:	17.177
AROON (14):	100.000
DEMA (21):	2.441
Parabolic SAR (0,02-0,02-0,2):	2.405
Elder Ray (13):	0.028
Super Trend (3,10):	2.386
Zig ZAG (10):	2.460
VORTEX (21):	1.1310
Stochastique (14,3,5):	98.33
TEMA (21):	2.455
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.095
Repulse (5,40,3):	1.8620
ROCnROLL:	1
TRIX (15,9):	0.1140
Courbe Coppock:	6.42

MA7:	2.444
MA20:	2.400
MA50:	2.372
MA100:	2.343
MAexp7:	2.441
MAexp20:	2.411
MAexp50:	2.376
MAexp100:	2.337
Price / MA7:	+0.65%
Price / MA20:	+2.50%
Price / MA50:	+3.71%
Price / MA100:	+4.99%
Price / MAexp7:	+0.78%
Price / MAexp20:	+2.03%
Price / MAexp50:	+3.54%
Price / MAexp100:	+5.26%

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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