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 01/21/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 34.783 EUR

My targets

33.695 EUR (-1.59%)

32.025 EUR (-6.47%)

My analysis

In the short term, we can see an acceleration in the bearish trend on RENAULT, which is a positive signal for sellers. As long as the price remains above 34.783 EUR, a sale could be considered. The first bearish objective is located at 33.695 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 32.025 EUR as an objective. Crossing it would then enable sellers to target 31.220 EUR. If the price were to return above 34.783 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

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

5.7

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

Additional analysis

Quotes

The RENAULT price is 34.240 EUR. The price is lower by -0.52% since the last closing and was between 34.075 EUR and 34.585 EUR. This implies that the price is at +0.48% from its lowest and at -1.00% from its highest.

34.075

34.585

34.240

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

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of RENAULT in Daily shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	31.220	32.025	33.695	34.240	34.783	36.458	37.400
Change (%)	-8.82%	-6.47%	-1.59%	-	+1.59%	+6.48%	+9.23%
Change	-3.020	-2.215	-0.545	-	+0.543	+2.218	+3.160
Level	Intermediate	Major	Major	-	Intermediate	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.505	33.790	34.015	34.300	34.525	34.810	35.035
Camarilla	34.100	34.147	34.193	34.240	34.287	34.334	34.380
Woodie	33.475	33.775	33.985	34.285	34.495	34.795	35.005
Fibonacci	33.790	33.985	34.105	34.300	34.495	34.615	34.810

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.868	32.567	33.403	34.102	34.938	35.637	36.473
Camarilla	33.818	33.959	34.099	34.240	34.381	34.521	34.662
Woodie	31.938	32.601	33.473	34.136	35.008	35.671	36.543
Fibonacci	32.567	33.153	33.515	34.102	34.688	35.050	35.637

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.587	33.148	35.027	37.588	39.467	42.028	43.907
Camarilla	35.684	36.091	36.498	36.905	37.312	37.719	38.126
Woodie	30.245	32.978	34.685	37.418	39.125	41.858	43.565
Fibonacci	33.148	34.844	35.892	37.588	39.284	40.332	42.028

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):	36.12
MACD (12,26,9):	-0.7060
Directional Movement:	-7.991
AROON (14):	-78.571
DEMA (21):	34.905
Parabolic SAR (0,02-0,02-0,2):	35.035
Elder Ray (13):	-0.877
Super Trend (3,10):	36.437
Zig ZAG (10):	34.240
VORTEX (21):	0.7070
Stochastique (14,3,5):	19.47
TEMA (21):	34.085
Williams %R (14):	-78.26
Chande Momentum Oscillator (20):	-2.135
Repulse (5,40,3):	-0.1510
ROCnROLL:	2
TRIX (15,9):	-0.1470
Courbe Coppock:	15.07

MA7:	34.509
MA20:	36.104
MA50:	36.126
MA100:	36.037
MAexp7:	34.624
MAexp20:	35.637
MAexp50:	36.028
MAexp100:	36.191
Price / MA7:	-0.78%
Price / MA20:	-5.16%
Price / MA50:	-5.22%
Price / MA100:	-4.99%
Price / MAexp7:	-1.11%
Price / MAexp20:	-3.92%
Price / MAexp50:	-4.96%
Price / MAexp100:	-5.39%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on RENAULT. At the time of publication of this analysis, the latest news was as follows:

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

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