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 09/18/2024 (GMT)

Londinia

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Timeframe : 1H
- 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 2.445 EUR

My targets

2.488 EUR (+1.14%)

2.559 EUR (+4.02%)

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 2.445 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.

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

Additional analysis

Quotes

The REN price is 2.460 EUR. On the day, this instrument gained +0.41% with the lowest point at 2.455 EUR and the highest point at 2.460 EUR. The deviation from the price is +0.20% for the low point and 0% for the high point.

2.455

2.460

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

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 1H chart of REN indicates that the overall trend is strongly bullish. 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 is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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 : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.420	2.445	2.455	2.460	2.488	2.559	2.673
Change (%)	-1.63%	-0.61%	-0.20%	-	+1.14%	+4.02%	+8.66%
Change	-0.040	-0.015	-0.005	-	+0.028	+0.099	+0.213
Level	Minor	Minor	Intermediate	-	Intermediate	Minor	Major

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	2.428	2.437	2.443	2.452	2.458	2.467	2.473
Camarilla	2.446	2.447	2.449	2.450	2.451	2.453	2.454
Woodie	2.428	2.436	2.443	2.451	2.458	2.466	2.473
Fibonacci	2.437	2.442	2.446	2.452	2.457	2.461	2.467

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	62.41
MACD (12,26,9):	0.0040
Directional Movement:	5.154
AROON (14):	42.857
DEMA (21):	2.457
Parabolic SAR (0,02-0,02-0,2):	2.446
Elder Ray (13):	0.004
Super Trend (3,10):	2.440
Zig ZAG (10):	2.460
VORTEX (21):	0.9580
Stochastique (14,3,5):	66.67
TEMA (21):	2.457
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.010
Repulse (5,40,3):	-0.0950
ROCnROLL:	1
TRIX (15,9):	0.0210
Courbe Coppock:	0.70

MA7:	2.447
MA20:	2.403
MA50:	2.375
MA100:	2.346
MAexp7:	2.455
MAexp20:	2.452
MAexp50:	2.443
MAexp100:	2.427
Price / MA7:	+0.53%
Price / MA20:	+2.37%
Price / MA50:	+3.58%
Price / MA100:	+4.86%
Price / MAexp7:	+0.20%
Price / MAexp20:	+0.33%
Price / MAexp50:	+0.70%
Price / MAexp100:	+1.36%

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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