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 12/19/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under

My targets

()

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 . The sellers' bearish objective is set at . A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at . In case of crossing, the next objective would be the support located at . However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

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 price is 2.235 EUR. The price is lower by -0.22% since the last closing with the lowest point at 2.220 EUR and the highest point at 2.245 EUR. The deviation from the price is +0.68% for the low point and -0.45% for the high point.

2.220

2.245

2.235

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by REN:

The Central Records scanner for higher/lower results shows an item:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this REN chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed 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.

In fact, 13 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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 support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.081	2.162	2.216	2.235	2.267	2.337	2.391
Change (%)	-6.89%	-3.27%	-0.85%	-	+1.43%	+4.56%	+6.98%
Change	-0.154	-0.073	-0.019	-	+0.032	+0.102	+0.156
Level	Minor	Minor	Major	-	Intermediate	Major	Intermediate

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	2.193	2.217	2.228	2.252	2.263	2.287	2.298
Camarilla	2.230	2.234	2.237	2.240	2.243	2.246	2.250
Woodie	2.188	2.214	2.223	2.249	2.258	2.284	2.293
Fibonacci	2.217	2.230	2.238	2.252	2.265	2.273	2.287

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.220	2.248	2.268	2.296	2.316	2.344	2.364
Camarilla	2.276	2.280	2.285	2.289	2.293	2.298	2.302
Woodie	2.217	2.246	2.265	2.294	2.313	2.342	2.361
Fibonacci	2.248	2.266	2.277	2.296	2.314	2.325	2.344

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.061	2.129	2.260	2.328	2.459	2.527	2.658
Camarilla	2.336	2.355	2.373	2.391	2.409	2.428	2.446
Woodie	2.093	2.145	2.292	2.344	2.491	2.543	2.690
Fibonacci	2.129	2.205	2.252	2.328	2.404	2.451	2.527

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):	31.86
MACD (12,26,9):	-0.0160
Directional Movement:	-15.685
AROON (14):	-92.857
DEMA (21):	2.278
Parabolic SAR (0,02-0,02-0,2):	2.313
Elder Ray (13):	-0.051
Super Trend (3,10):	2.313
Zig ZAG (10):	2.235
VORTEX (21):	0.8020
Stochastique (14,3,5):	3.87
TEMA (21):	2.260
Williams %R (14):	-91.71
Chande Momentum Oscillator (20):	-0.098
Repulse (5,40,3):	-1.8970
ROCnROLL:	2
TRIX (15,9):	-0.0170
Courbe Coppock:	8.00

MA7:	2.269
MA20:	2.317
MA50:	2.298
MA100:	2.312
MAexp7:	2.265
MAexp20:	2.293
MAexp50:	2.302
MAexp100:	2.295
Price / MA7:	-1.50%
Price / MA20:	-3.54%
Price / MA50:	-2.74%
Price / MA100:	-3.33%
Price / MAexp7:	-1.32%
Price / MAexp20:	-2.53%
Price / MAexp50:	-2.91%
Price / MAexp100:	-2.61%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

The latest news and videos published on REN at the time of the analysis were as follows:

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

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