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 12/02/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

28%

44%

My opinion

Bullish above 2.404 EUR

My targets

2.559 EUR (+4.24%)

2.673 EUR (+8.88%)

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 2.404 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 2.404 EUR. The next bullish objective for buyers is set at 2.559 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.673 EUR. PS: if there is a bearish break in the support located at 2.404 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

4.3

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 2.455 EUR. The price registered a decrease of -0.20% on the session with the lowest point at 2.455 EUR and the highest point at 2.470 EUR. The deviation from the price is 0% for the low point and -0.61% for the high point.

2.455

2.470

2.455

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 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 bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2.323	2.404	2.450	2.455	2.559	2.673
Change (%)	-5.38%	-2.08%	-0.20%	-	+4.24%	+8.88%
Change	-0.132	-0.051	-0.005	-	+0.104	+0.218
Level	Intermediate	Major	Intermediate	-	Minor	Major

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	2.437	2.443	2.452	2.458	2.467	2.473	2.482
Camarilla	2.456	2.457	2.459	2.460	2.461	2.463	2.464
Woodie	2.438	2.444	2.453	2.459	2.468	2.474	2.483
Fibonacci	2.443	2.449	2.453	2.458	2.464	2.468	2.473

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.378	2.397	2.428	2.447	2.478	2.497	2.528
Camarilla	2.446	2.451	2.455	2.460	2.465	2.469	2.474
Woodie	2.385	2.400	2.435	2.450	2.485	2.500	2.535
Fibonacci	2.397	2.416	2.428	2.447	2.466	2.478	2.497

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.120	2.190	2.325	2.395	2.530	2.600	2.735
Camarilla	2.404	2.422	2.441	2.460	2.479	2.498	2.516
Woodie	2.153	2.206	2.358	2.411	2.563	2.616	2.768
Fibonacci	2.190	2.268	2.317	2.395	2.473	2.522	2.600

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):	53.05
MACD (12,26,9):	0.0060
Directional Movement:	11.232
AROON (14):	92.857
DEMA (21):	2.463
Parabolic SAR (0,02-0,02-0,2):	2.449
Elder Ray (13):	0.005
Super Trend (3,10):	2.449
Zig ZAG (10):	2.455
VORTEX (21):	1.0370
Stochastique (14,3,5):	63.89
TEMA (21):	2.463
Williams %R (14):	-75.00
Chande Momentum Oscillator (20):	0.000
Repulse (5,40,3):	-0.4910
ROCnROLL:	-1
TRIX (15,9):	0.0360
Courbe Coppock:	0.69

MA7:	2.446
MA20:	2.383
MA50:	2.378
MA100:	2.379
MAexp7:	2.460
MAexp20:	2.455
MAexp50:	2.442
MAexp100:	2.420
Price / MA7:	+0.37%
Price / MA20:	+3.02%
Price / MA50:	+3.24%
Price / MA100:	+3.19%
Price / MAexp7:	-0.20%
Price / MAexp20:	-0%
Price / MAexp50:	+0.53%
Price / MAexp100:	+1.45%

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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