RENAULT

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	RNO
ISIN:	FR0000131906

RENAULT - Daily - Technical analysis published on 05/11/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

50%

17%

33%

My opinion

Bearish under 35.374 EUR

My targets

32.660 EUR (-2.91%)

31.247 EUR (-7.11%)

My analysis

RENAULT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 35.374 EUR. The next support located at 32.660 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 31.247 EUR. Below this support, sellers could then target 29.407 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

3.9

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 Nachoperezcandas. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

RENAULT rating 33.640 EUR. On the day, this instrument gained +1.86% and was between 32.835 EUR and 33.775 EUR. This implies that the price is at +2.45% from its lowest and at -0.40% from its highest.

32.835

33.775

33.640

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

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

Technical

A technical analysis in Daily of this RENAULT 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	29.407	31.247	32.660	33.640	35.374	36.848	38.375
Change (%)	-12.58%	-7.11%	-2.91%	-	+5.15%	+9.54%	+14.08%
Change	-4.233	-2.393	-0.980	-	+1.734	+3.208	+4.735
Level	Minor	Major	Major	-	Major	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.142	32.528	32.777	33.163	33.412	33.798	34.047
Camarilla	32.850	32.909	32.967	33.025	33.083	33.141	33.200
Woodie	32.073	32.494	32.708	33.129	33.343	33.764	33.978
Fibonacci	32.528	32.771	32.921	33.163	33.406	33.556	33.798

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.437	29.813	31.307	32.683	34.177	35.553	37.047
Camarilla	32.011	32.274	32.537	32.800	33.063	33.326	33.589
Woodie	28.495	29.843	31.365	32.713	34.235	35.583	37.105
Fibonacci	29.813	30.910	31.587	32.683	33.780	34.457	35.553

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.875	28.230	30.930	35.285	37.985	42.340	45.040
Camarilla	31.690	32.337	32.983	33.630	34.277	34.923	35.570
Woodie	23.048	27.816	30.103	34.871	37.158	41.926	44.213
Fibonacci	28.230	30.925	32.590	35.285	37.980	39.645	42.340

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):	44.53
MACD (12,26,9):	-1.1430
Directional Movement:	-6.108
AROON (14):	-64.286
DEMA (21):	32.314
Parabolic SAR (0,02-0,02-0,2):	33.811
Elder Ray (13):	-0.015
Super Trend (3,10):	35.326
Zig ZAG (10):	33.605
VORTEX (21):	0.7690
Stochastique (14,3,5):	50.64
TEMA (21):	32.129
Williams %R (14):	-15.51
Chande Momentum Oscillator (20):	0.510
Repulse (5,40,3):	1.8840
ROCnROLL:	-1
TRIX (15,9):	-0.5280
Courbe Coppock:	14.81

MA7:	32.643
MA20:	34.002
MA50:	36.731
MA100:	37.046
MAexp7:	33.004
MAexp20:	33.905
MAexp50:	35.647
MAexp100:	35.795
Price / MA7:	+3.05%
Price / MA20:	-1.06%
Price / MA50:	-8.42%
Price / MA100:	-9.19%
Price / MAexp7:	+1.93%
Price / MAexp20:	-0.78%
Price / MAexp50:	-5.63%
Price / MAexp100:	-6.02%

Quotes : - 15 min delayed data - Euronext Paris

News

The last news published on RENAULT at the time of the generation of this analysis was as follows:

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

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