RENEWI - 1H - Technical analysis published on 07/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 8.08 EUR
My targets
8.49 EUR (+3.54%)
8.56 EUR (+4.43%)
My analysis
The bullish trend is currently very strong on RENEWI. As long as the price remains above the support at 8.08 EUR, you could try to benefit from the boom. The first bullish objective is located at 8.49 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.56 EUR as an objective. Crossing it would then enable buyers to target 9.35 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
8.6
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Additional analysis
Quotes
The RENEWI rating is 8.20 EUR. The price has increased by +1.61% since the last closing and was between 8.06 EUR and 8.24 EUR. This implies that the price is at +1.74% from its lowest and at -0.49% from its highest.8.06
8.24
8.20
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a 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 RENEWI in 1H shows a strongly overall bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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 : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.02 | 8.08 | 8.18 | 8.20 | 8.24 | 8.49 | 9.35 |
| Change (%) | -2.20% | -1.46% | -0.24% | - | +0.49% | +3.54% | +14.02% |
| Change | -0.18 | -0.12 | -0.02 | - | +0.04 | +0.29 | +1.15 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.81 | 7.91 | 7.99 | 8.09 | 8.17 | 8.27 | 8.35 |
| Camarilla | 8.02 | 8.04 | 8.05 | 8.07 | 8.09 | 8.10 | 8.12 |
| Woodie | 7.80 | 7.91 | 7.98 | 8.09 | 8.16 | 8.27 | 8.34 |
| Fibonacci | 7.91 | 7.98 | 8.02 | 8.09 | 8.16 | 8.20 | 8.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.54 | 7.70 | 7.88 | 8.04 | 8.22 | 8.38 | 8.56 |
| Camarilla | 7.98 | 8.01 | 8.04 | 8.07 | 8.10 | 8.13 | 8.16 |
| Woodie | 7.56 | 7.71 | 7.90 | 8.05 | 8.24 | 8.39 | 8.58 |
| Fibonacci | 7.70 | 7.83 | 7.91 | 8.04 | 8.17 | 8.25 | 8.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.72 | 7.10 | 7.48 | 7.86 | 8.24 | 8.62 | 9.00 |
| Camarilla | 7.65 | 7.72 | 7.79 | 7.86 | 7.93 | 8.00 | 8.07 |
| Woodie | 6.72 | 7.10 | 7.48 | 7.86 | 8.24 | 8.62 | 9.00 |
| Fibonacci | 7.10 | 7.39 | 7.57 | 7.86 | 8.15 | 8.33 | 8.62 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.23 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 14.70 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 8.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.03 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 8.05 | |
| Zig ZAG (10): | 8.21 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 88.41 | |
| TEMA (21): | 8.19 | |
| Williams %R (14): | -13.04 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.6100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.15 |
| MA7: | 8.01 | |
| MA20: | 8.00 | |
| MA50: | 7.55 | |
| MA100: | 7.12 | |
| MAexp7: | 8.17 | |
| MAexp20: | 8.13 | |
| MAexp50: | 8.07 | |
| MAexp100: | 8.02 | |
| Price / MA7: | +2.37% | |
| Price / MA20: | +2.50% | |
| Price / MA50: | +8.61% | |
| Price / MA100: | +15.17% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +0.86% | |
| Price / MAexp50: | +1.61% | |
| Price / MAexp100: | +2.24% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The latest news and videos published on RENEWI at the time of the analysis were as follows:
- Renewi plc: Voting Rights and Capital
-
Renewi - executive interview
- Renewi PLC ESG Evaluation Revised To 83 From 75, With Strong Preparedness
-
Renewi - executive interview
-
Renewi – EKF interview
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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