Londinia Opportunities Analyses - 11/18/2024 (GMT) RENEW HOLDINGS ORD 10P - 1H
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GBX
(-)
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15 min delayed data - London Stock Exchange
| Type: | Stocks |
| Ticker: | RNWH |
| ISIN: | GB0005359004 |
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 bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 1,070 GBX
My targets
1,032 GBX (-2.46%)
969 GBX (-8.44%)
My analysis
RENEW HOLDINGS ORD 10P 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 1,070 GBX. The next support located at 1,032 GBX 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 969 GBX. Below this support, sellers could then target 930 GBX. 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.2
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The RENEW HOLDINGS ORD 10P rating is 1,058 GBX. The price is lower by -0.19% since the last closing and was between 1,054 GBX and 1,066 GBX. This implies that the price is at +0.39% from its lowest and at -0.75% from its highest.1,054
1,066
1,058
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this RENEW HOLDINGS ORD 10P chart shows a sharp bearish trend. 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.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
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 Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 894 | 930 | 1,032 | 1,058 | 1,058 | 1,070 | 1,092 |
| Change (%) | -15.50% | -12.10% | -2.46% | 0% | - | +1.13% | +3.21% |
| Change | -164 | -128 | -26 | 0 | - | +12 | +34 |
| Level | Minor | Minor | Major | Minor | - | Intermediate | Minor |
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 | 1,021 | 1,039 | 1,050 | 1,068 | 1,079 | 1,097 | 1,108 |
| Camarilla | 1,052 | 1,055 | 1,057 | 1,060 | 1,063 | 1,065 | 1,068 |
| Woodie | 1,017 | 1,037 | 1,046 | 1,066 | 1,075 | 1,095 | 1,104 |
| Fibonacci | 1,039 | 1,050 | 1,057 | 1,068 | 1,079 | 1,086 | 1,097 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 969 | 1,013 | 1,037 | 1,081 | 1,105 | 1,149 | 1,173 |
| Camarilla | 1,041 | 1,048 | 1,054 | 1,060 | 1,066 | 1,072 | 1,079 |
| Woodie | 958 | 1,008 | 1,026 | 1,076 | 1,094 | 1,144 | 1,162 |
| Fibonacci | 1,013 | 1,039 | 1,055 | 1,081 | 1,107 | 1,123 | 1,149 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 897 | 963 | 1,029 | 1,095 | 1,161 | 1,227 | 1,293 |
| Camarilla | 1,058 | 1,070 | 1,082 | 1,094 | 1,106 | 1,118 | 1,130 |
| Woodie | 896 | 963 | 1,028 | 1,095 | 1,160 | 1,227 | 1,292 |
| Fibonacci | 963 | 1,014 | 1,045 | 1,095 | 1,146 | 1,177 | 1,227 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.00 | |
| MACD (12,26,9): | -4.0000 | |
| Directional Movement: | -16 | |
| AROON (14): | -86 | |
| DEMA (21): | 1,065 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,074 | |
| Elder Ray (13): | -5 | |
| Super Trend (3,10): | 1,085 | |
| Zig ZAG (10): | 1,061 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 27.00 | |
| TEMA (21): | 1,062 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | -20 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 4.00 |
| MA7: | 1,072 | |
| MA20: | 1,081 | |
| MA50: | 1,091 | |
| MA100: | 1,081 | |
| MAexp7: | 1,064 | |
| MAexp20: | 1,070 | |
| MAexp50: | 1,074 | |
| MAexp100: | 1,078 | |
| Price / MA7: | -1.31% | |
| Price / MA20: | -2.13% | |
| Price / MA50: | -3.02% | |
| Price / MA100: | -2.13% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | -1.12% | |
| Price / MAexp50: | -1.49% | |
| Price / MAexp100: | -1.86% |
Quotes :
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15 min delayed data
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London Stock Exchange