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 11/11/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 2.285 EUR

My targets

2.344 EUR (+1.03%)

2.365 EUR (+1.94%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on REN. This is a positive signal for buyers. As long as the price remains above 2.285 EUR, a purchase could be considered. The first bullish objective is located at 2.344 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.365 EUR as an objective. Crossing it would then enable buyers to target 2.404 EUR. In the event of a return below 2.285 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

5.5

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 2.320 EUR. The price registered a decrease of -0.22% on the session and was between 2.320 EUR and 2.330 EUR. This implies that the price is at 0% from its lowest and at -0.43% from its highest.

2.320

2.330

2.320

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of REN indicates that the overall trend is bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.266	2.285	2.310	2.320	2.330	2.344	2.365
Change (%)	-2.33%	-1.51%	-0.43%	-	+0.43%	+1.03%	+1.94%
Change	-0.054	-0.035	-0.010	-	+0.010	+0.024	+0.045
Level	Major	Minor	Major	-	Intermediate	Minor	Minor

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	2.270	2.285	2.305	2.320	2.340	2.355	2.375
Camarilla	2.315	2.319	2.322	2.325	2.328	2.331	2.335
Woodie	2.273	2.286	2.308	2.321	2.343	2.356	2.378
Fibonacci	2.285	2.298	2.307	2.320	2.333	2.342	2.355

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.203	2.232	2.278	2.307	2.353	2.382	2.428
Camarilla	2.304	2.311	2.318	2.325	2.332	2.339	2.346
Woodie	2.213	2.236	2.288	2.311	2.363	2.386	2.438
Fibonacci	2.232	2.260	2.278	2.307	2.335	2.353	2.382

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.098	2.192	2.243	2.337	2.388	2.482	2.533
Camarilla	2.255	2.268	2.282	2.295	2.308	2.322	2.335
Woodie	2.078	2.181	2.223	2.326	2.368	2.471	2.513
Fibonacci	2.192	2.247	2.281	2.337	2.392	2.426	2.482

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):	57.68
MACD (12,26,9):	0.0080
Directional Movement:	16.491
AROON (14):	71.428
DEMA (21):	2.325
Parabolic SAR (0,02-0,02-0,2):	2.308
Elder Ray (13):	0.001
Super Trend (3,10):	2.309
Zig ZAG (10):	2.320
VORTEX (21):	1.3000
Stochastique (14,3,5):	70.37
TEMA (21):	2.331
Williams %R (14):	-33.33
Chande Momentum Oscillator (20):	0.020
Repulse (5,40,3):	-0.4650
ROCnROLL:	1
TRIX (15,9):	0.0510
Courbe Coppock:	2.47

MA7:	2.304
MA20:	2.335
MA50:	2.383
MA100:	2.363
MAexp7:	2.323
MAexp20:	2.314
MAexp50:	2.307
MAexp100:	2.315
Price / MA7:	+0.69%
Price / MA20:	-0.64%
Price / MA50:	-2.64%
Price / MA100:	-1.82%
Price / MAexp7:	-0.13%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.56%
Price / MAexp100:	+0.22%

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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