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 12/13/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

My opinion

Bearish under 2.360 EUR

My targets

2.323 EUR (-0.94%)

2.305 EUR (-1.71%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on REN as long as the price remains well below 2.360 EUR. The sellers' bearish objective is set at 2.323 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.305 EUR. In case of crossing, the next objective would be the support located at 2.274 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

6.1

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

The REN rating is 2.345 EUR. The price registered a decrease of -0.21% on the session with the lowest point at 2.345 EUR and the highest point at 2.355 EUR. The deviation from the price is 0% for the low point and -0.42% for the high point.

2.345

2.355

2.345

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

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:

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

Technical

Technical analysis of this 1H chart of REN indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

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	2.305	2.323	2.345	2.345	2.360	2.404	2.435
Change (%)	-1.71%	-0.94%	0%	-	+0.64%	+2.52%	+3.84%
Change	-0.040	-0.022	0	-	+0.015	+0.059	+0.090
Level	Intermediate	Major	Major	-	Intermediate	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.335	2.340	2.345	2.350	2.355	2.360	2.365
Camarilla	2.347	2.348	2.349	2.350	2.351	2.352	2.353
Woodie	2.335	2.340	2.345	2.350	2.355	2.360	2.365
Fibonacci	2.340	2.344	2.346	2.350	2.354	2.356	2.360

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.230	2.295	2.340	2.405	2.450	2.515	2.560
Camarilla	2.355	2.365	2.375	2.385	2.395	2.405	2.415
Woodie	2.220	2.290	2.330	2.400	2.440	2.510	2.550
Fibonacci	2.295	2.337	2.363	2.405	2.447	2.473	2.515

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):	40.86
MACD (12,26,9):	-0.0040
Directional Movement:	-10.355
AROON (14):	-21.429
DEMA (21):	2.349
Parabolic SAR (0,02-0,02-0,2):	2.355
Elder Ray (13):	-0.003
Super Trend (3,10):	2.367
Zig ZAG (10):	2.350
VORTEX (21):	0.8400
Stochastique (14,3,5):	36.11
TEMA (21):	2.350
Williams %R (14):	-66.67
Chande Momentum Oscillator (20):	-0.005
Repulse (5,40,3):	-0.1270
ROCnROLL:	2
TRIX (15,9):	-0.0270
Courbe Coppock:	0.53

MA7:	2.364
MA20:	2.401
MA50:	2.370
MA100:	2.379
MAexp7:	2.351
MAexp20:	2.355
MAexp50:	2.365
MAexp100:	2.378
Price / MA7:	-0.80%
Price / MA20:	-2.33%
Price / MA50:	-1.05%
Price / MA100:	-1.43%
Price / MAexp7:	-0.26%
Price / MAexp20:	-0.42%
Price / MAexp50:	-0.85%
Price / MAexp100:	-1.39%

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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