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 10/22/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 2.404 EUR

My targets

2.266 EUR (-3.78%)

2.182 EUR (-7.35%)

My analysis

The basic trend is currently slightly bearish on REN and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 2.404 EUR, sales could be favoured. The first bearish objective would be located at 2.266 EUR. Sellers would then use the next support located at 2.182 EUR as an objective. Crossing it would then enable sellers to target 2.100 EUR. A return to above the resistance at 2.404 EUR could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

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 2.355 EUR. On the day, this instrument lost -0.63% with the lowest point at 2.350 EUR and the highest point at 2.370 EUR. The deviation from the price is +0.21% for the low point and -0.63% for the high point.

2.350

2.370

2.355

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of REN indicates that the overall trend is slightly bearish. 50.00% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are 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 has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

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	2.323	2.355	2.404	2.455	2.488
Change (%)	-7.35%	-3.78%	-1.36%	-	+2.08%	+4.25%	+5.65%
Change	-0.173	-0.089	-0.032	-	+0.049	+0.100	+0.133
Level	Intermediate	Major	Minor	-	Major	Minor	Intermediate

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	2.335	2.350	2.360	2.375	2.385	2.400	2.410
Camarilla	2.363	2.365	2.368	2.370	2.372	2.375	2.377
Woodie	2.333	2.349	2.358	2.374	2.383	2.399	2.408
Fibonacci	2.350	2.360	2.366	2.375	2.385	2.391	2.400

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.312	2.343	2.367	2.398	2.422	2.453	2.477
Camarilla	2.375	2.380	2.385	2.390	2.395	2.400	2.405
Woodie	2.308	2.341	2.363	2.396	2.418	2.451	2.473
Fibonacci	2.343	2.364	2.377	2.398	2.419	2.432	2.453

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

Technical indicators

Moving averages

RSI (14):	35.83
MACD (12,26,9):	-0.0070
Directional Movement:	-15.793
AROON (14):	-35.714
DEMA (21):	2.389
Parabolic SAR (0,02-0,02-0,2):	2.426
Elder Ray (13):	-0.031
Super Trend (3,10):	2.422
Zig ZAG (10):	2.355
VORTEX (21):	0.8380
Stochastique (14,3,5):	13.74
TEMA (21):	2.377
Williams %R (14):	-93.75
Chande Momentum Oscillator (20):	-0.040
Repulse (5,40,3):	-1.5580
ROCnROLL:	2
TRIX (15,9):	-0.0130
Courbe Coppock:	1.66

MA7:	2.392
MA20:	2.398
MA50:	2.398
MA100:	2.367
MAexp7:	2.383
MAexp20:	2.395
MAexp50:	2.390
MAexp100:	2.362
Price / MA7:	-1.55%
Price / MA20:	-1.79%
Price / MA50:	-1.79%
Price / MA100:	-0.51%
Price / MAexp7:	-1.17%
Price / MAexp20:	-1.67%
Price / MAexp50:	-1.46%
Price / MAexp100:	-0.30%

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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