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 11/29/2024 (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

67%

33%

My opinion

Bullish above 2.420 EUR

My targets

2.559 EUR (+4.45%)

2.673 EUR (+9.10%)

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 2.420 EUR. The next resistance located at 2.559 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 2.673 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

8.2

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

REN rating 2.450 EUR. The price is lower by -0.20% since the last closing with the lowest point at 2.450 EUR and the highest point at 2.455 EUR. The deviation from the price is 0% for the low point and -0.20% for the high point.

2.450

2.455

2.450

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

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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2.404	2.420	2.450	2.450	2.559	2.673
Change (%)	-1.88%	-1.22%	0%	-	+4.45%	+9.10%
Change	-0.046	-0.030	0	-	+0.109	+0.223
Level	Major	Intermediate	Minor	-	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	2.432	2.438	2.447	2.453	2.462	2.468	2.477
Camarilla	2.451	2.452	2.454	2.455	2.456	2.458	2.459
Woodie	2.433	2.439	2.448	2.454	2.463	2.469	2.478
Fibonacci	2.438	2.444	2.448	2.453	2.459	2.463	2.468

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.345	2.365	2.395	2.415	2.445	2.465	2.495
Camarilla	2.411	2.416	2.420	2.425	2.430	2.434	2.439
Woodie	2.350	2.368	2.400	2.418	2.450	2.468	2.500
Fibonacci	2.365	2.384	2.396	2.415	2.434	2.446	2.465

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):	70.65
MACD (12,26,9):	0.0070
Directional Movement:	6.684
AROON (14):	78.571
DEMA (21):	2.456
Parabolic SAR (0,02-0,02-0,2):	2.433
Elder Ray (13):	0.005
Super Trend (3,10):	2.439
Zig ZAG (10):	2.455
VORTEX (21):	1.0740
Stochastique (14,3,5):	83.61
TEMA (21):	2.457
Williams %R (14):	-20.00
Chande Momentum Oscillator (20):	0.015
Repulse (5,40,3):	0.0040
ROCnROLL:	1
TRIX (15,9):	0.0370
Courbe Coppock:	1.26

MA7:	2.440
MA20:	2.375
MA50:	2.377
MA100:	2.377
MAexp7:	2.453
MAexp20:	2.447
MAexp50:	2.433
MAexp100:	2.411
Price / MA7:	+0.41%
Price / MA20:	+3.16%
Price / MA50:	+3.07%
Price / MA100:	+3.07%
Price / MAexp7:	-0.12%
Price / MAexp20:	+0.12%
Price / MAexp50:	+0.70%
Price / MAexp100:	+1.62%

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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