Londinia Opportunities Analyses - 05/14/2024 (GMT) REN - 1H

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Type:	Stocks
Ticker:	RENE
ISIN:	PTREL0AM0008

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 2.388 EUR

My targets

2.451 EUR (+1.49%)

2.498 EUR (+3.44%)

My analysis

REN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.388 EUR. The next resistance located at 2.451 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.498 EUR. After this resistance, buyers could then target 2.583 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.8

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Additional analysis

Quotes

The REN rating is 2.415 EUR. The price registered an increase of +1.47% on the session with the lowest point at 2.380 EUR and the highest point at 2.415 EUR. The deviation from the price is +1.47% for the low point and 0% for the high point.

2.380

2.415

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

A technical analysis in 1H of this REN chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.265	2.309	2.388	2.415	2.421	2.451	2.498
Change (%)	-6.21%	-4.39%	-1.12%	-	+0.25%	+1.49%	+3.44%
Change	-0.150	-0.106	-0.027	-	+0.006	+0.036	+0.083
Level	Intermediate	Major	Intermediate	-	Intermediate	Minor	Minor

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	2.277	2.303	2.342	2.368	2.407	2.433	2.472
Camarilla	2.362	2.368	2.374	2.380	2.386	2.392	2.398
Woodie	2.283	2.306	2.348	2.371	2.413	2.436	2.478
Fibonacci	2.303	2.328	2.344	2.368	2.393	2.409	2.433

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.132	2.188	2.262	2.318	2.392	2.448	2.522
Camarilla	2.299	2.311	2.323	2.335	2.347	2.359	2.371
Woodie	2.140	2.193	2.270	2.323	2.400	2.453	2.530
Fibonacci	2.188	2.238	2.269	2.318	2.368	2.399	2.448

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.093	2.132	2.198	2.237	2.303	2.342	2.408
Camarilla	2.236	2.246	2.255	2.265	2.275	2.284	2.294
Woodie	2.108	2.139	2.213	2.244	2.318	2.349	2.423
Fibonacci	2.132	2.172	2.197	2.237	2.277	2.302	2.342

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):	68.92
MACD (12,26,9):	0.0200
Directional Movement:	20.552
AROON (14):	92.857
DEMA (21):	2.406
Parabolic SAR (0,02-0,02-0,2):	2.342
Elder Ray (13):	0.019
Super Trend (3,10):	2.375
Zig ZAG (10):	2.410
VORTEX (21):	1.2710
Stochastique (14,3,5):	93.87
TEMA (21):	2.412
Williams %R (14):	-5.88
Chande Momentum Oscillator (20):	0.035
Repulse (5,40,3):	0.0160
ROCnROLL:	1
TRIX (15,9):	0.1060
Courbe Coppock:	5.09

MA7:	2.341
MA20:	2.274
MA50:	2.228
MA100:	2.247
MAexp7:	2.401
MAexp20:	2.380
MAexp50:	2.349
MAexp100:	2.317
Price / MA7:	+3.16%
Price / MA20:	+6.20%
Price / MA50:	+8.39%
Price / MA100:	+7.48%
Price / MAexp7:	+0.58%
Price / MAexp20:	+1.47%
Price / MAexp50:	+2.81%
Price / MAexp100:	+4.23%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

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