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 11/19/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 2.323 EUR

My targets

2.455 EUR (+2.08%)

2.559 EUR (+6.40%)

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 2.323 EUR, a purchase could be considered. The first bullish objective is located at 2.455 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.559 EUR as an objective. Crossing it would then enable buyers to target 2.673 EUR. In the event of a return below 2.323 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

6.8

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 2.405 EUR. The price registered an increase of +0.00% on the session and was traded between 2.405 EUR and 2.420 EUR over the period. The price is currently at 0% from its lowest and -0.62% from its highest.

2.405

2.420

2.405

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 results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.266	2.323	2.404	2.405	2.455	2.559	2.673
Change (%)	-5.78%	-3.41%	-0.04%	-	+2.08%	+6.40%	+11.14%
Change	-0.139	-0.082	-0.001	-	+0.050	+0.154	+0.268
Level	Major	Minor	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	2.352	2.368	2.387	2.403	2.422	2.438	2.457
Camarilla	2.395	2.399	2.402	2.405	2.408	2.411	2.415
Woodie	2.353	2.369	2.388	2.404	2.423	2.439	2.458
Fibonacci	2.368	2.382	2.390	2.403	2.417	2.425	2.438

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.245	2.275	2.330	2.360	2.415	2.445	2.500
Camarilla	2.362	2.369	2.377	2.385	2.393	2.401	2.408
Woodie	2.258	2.281	2.343	2.366	2.428	2.451	2.513
Fibonacci	2.275	2.308	2.328	2.360	2.393	2.413	2.445

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 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):	64.97
MACD (12,26,9):	0.0020
Directional Movement:	14.062
AROON (14):	57.143
DEMA (21):	2.344
Parabolic SAR (0,02-0,02-0,2):	2.297
Elder Ray (13):	0.062
Super Trend (3,10):	2.323
Zig ZAG (10):	2.410
VORTEX (21):	1.0440
Stochastique (14,3,5):	93.51
TEMA (21):	2.358
Williams %R (14):	-9.38
Chande Momentum Oscillator (20):	0.110
Repulse (5,40,3):	1.4080
ROCnROLL:	1
TRIX (15,9):	-0.0900
Courbe Coppock:	3.36

MA7:	2.356
MA20:	2.328
MA50:	2.377
MA100:	2.367
MAexp7:	2.366
MAexp20:	2.348
MAexp50:	2.358
MAexp100:	2.352
Price / MA7:	+2.08%
Price / MA20:	+3.31%
Price / MA50:	+1.18%
Price / MA100:	+1.61%
Price / MAexp7:	+1.65%
Price / MAexp20:	+2.43%
Price / MAexp50:	+1.99%
Price / MAexp100:	+2.25%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

The last news published on REN at the time of the generation of this analysis was as follows:

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

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