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 10/03/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

50%

33%

My opinion

Bullish above 2.266 EUR

My targets

2.455 EUR (+2.08%)

2.559 EUR (+6.40%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 2.266 EUR remains possible. It is advisable to trade REN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2.266 EUR. The next bullish objective for buyers is set at 2.455 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.559 EUR. If there is any crossing, the next objective would be the resistance located at 2.673 EUR. PS: if there is a bearish break in the support located at 2.266 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

1.4

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 price is 2.405 EUR. The price has increased by +0.21% since the last closing and was traded between 2.400 EUR and 2.410 EUR over the period. The price is currently at +0.21% from its lowest and -0.21% from its highest.

2.400

2.410

2.405

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

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of REN indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.182	2.266	2.404	2.405	2.455	2.488	2.559
Change (%)	-9.27%	-5.78%	-0.04%	-	+2.08%	+3.45%	+6.40%
Change	-0.223	-0.139	-0.001	-	+0.050	+0.083	+0.154
Level	Minor	Intermediate	Major	-	Minor	Intermediate	Minor

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	2.373	2.387	2.393	2.407	2.413	2.427	2.433
Camarilla	2.395	2.396	2.398	2.400	2.402	2.404	2.406
Woodie	2.370	2.385	2.390	2.405	2.410	2.425	2.430
Fibonacci	2.387	2.394	2.399	2.407	2.414	2.419	2.427

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.370	2.385	2.400	2.415	2.430	2.445	2.460
Camarilla	2.407	2.410	2.412	2.415	2.418	2.421	2.423
Woodie	2.370	2.385	2.400	2.415	2.430	2.445	2.460
Fibonacci	2.385	2.397	2.404	2.415	2.427	2.434	2.445

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.263	2.312	2.363	2.412	2.463	2.512	2.563
Camarilla	2.388	2.397	2.406	2.415	2.424	2.433	2.443
Woodie	2.265	2.313	2.365	2.413	2.465	2.513	2.565
Fibonacci	2.312	2.350	2.374	2.412	2.450	2.474	2.512

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):	49.00
MACD (12,26,9):	0.0050
Directional Movement:	-6.578
AROON (14):	-14.285
DEMA (21):	2.422
Parabolic SAR (0,02-0,02-0,2):	2.450
Elder Ray (13):	-0.009
Super Trend (3,10):	2.386
Zig ZAG (10):	2.405
VORTEX (21):	1.0920
Stochastique (14,3,5):	8.33
TEMA (21):	2.414
Williams %R (14):	-91.67
Chande Momentum Oscillator (20):	-0.045
Repulse (5,40,3):	-0.9080
ROCnROLL:	-1
TRIX (15,9):	0.0680
Courbe Coppock:	1.95

MA7:	2.411
MA20:	2.425
MA50:	2.388
MA100:	2.361
MAexp7:	2.410
MAexp20:	2.412
MAexp50:	2.390
MAexp100:	2.354
Price / MA7:	-0.25%
Price / MA20:	-0.82%
Price / MA50:	+0.71%
Price / MA100:	+1.86%
Price / MAexp7:	-0.21%
Price / MAexp20:	-0.29%
Price / MAexp50:	+0.63%
Price / MAexp100:	+2.17%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

The latest news and videos published on REN at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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