THE RENEWABLES INFRA. GRP. LTD. ORD NPV - Daily - Technical analysis published on 12/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 130.0 GBX
My targets
133.2 GBX (+2.15%)
My analysis
The basic bullish trend is very strong on THE RENEWABLES INFRA. GRP. LTD. ORD NPV but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 130.0 GBX. Crossing the first resistance at 133.2 GBX would be a sign of a potential new surge in the price. Caution, a return to below 130.0 GBX would be a sign of a consolidation phase in the short-term basic trend. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The THE RENEWABLES INFRA. GRP. LTD. ORD NPV price is 130.4 GBX. The price registered a decrease of -0.61% on the session with the lowest point at 130.2 GBX and the highest point at 131.4 GBX. The deviation from the price is +0.15% for the low point and -0.76% for the high point.130.2
131.4
130.4
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of THE RENEWABLES INFRA. GRP. LTD. ORD NPV indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 118.8 | 125.8 | 130.0 | 130.4 | 133.2 |
| Change (%) | -8.90% | -3.53% | -0.31% | - | +2.15% |
| Change | -11.6 | -4.6 | -0.4 | - | +2.8 |
| Level | Minor | Major | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.7 | 129.5 | 130.3 | 131.1 | 131.9 | 132.7 | 133.5 |
| Camarilla | 130.8 | 130.9 | 131.1 | 131.2 | 131.4 | 131.5 | 131.6 |
| Woodie | 128.8 | 129.5 | 130.4 | 131.1 | 132.0 | 132.7 | 133.6 |
| Fibonacci | 129.5 | 130.1 | 130.5 | 131.1 | 131.7 | 132.1 | 132.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.1 | 125.7 | 128.5 | 130.1 | 132.9 | 134.5 | 137.3 |
| Camarilla | 130.0 | 130.4 | 130.8 | 131.2 | 131.6 | 132.0 | 132.4 |
| Woodie | 124.6 | 126.0 | 129.0 | 130.4 | 133.4 | 134.8 | 137.8 |
| Fibonacci | 125.7 | 127.4 | 128.5 | 130.1 | 131.8 | 132.9 | 134.5 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.1 | 123.3 | 127.3 | 129.5 | 133.5 | 135.7 | 139.7 |
| Camarilla | 129.5 | 130.1 | 130.6 | 131.2 | 131.8 | 132.3 | 132.9 |
| Woodie | 121.9 | 123.8 | 128.1 | 130.0 | 134.3 | 136.2 | 140.5 |
| Fibonacci | 123.3 | 125.7 | 127.2 | 129.5 | 131.9 | 133.4 | 135.7 |
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): | 64.10 | |
| MACD (12,26,9): | 0.5000 | |
| Directional Movement: | 17.8 | |
| AROON (14): | 64.3 | |
| DEMA (21): | 129.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 126.6 | |
| Elder Ray (13): | 1.9 | |
| Super Trend (3,10): | 127.4 | |
| Zig ZAG (10): | 130.8 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 91.40 | |
| TEMA (21): | 129.6 | |
| Williams %R (14): | -16.10 | |
| Chande Momentum Oscillator (20): | 5.0 | |
| Repulse (5,40,3): | 1.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.80 |
| MA7: | 129.6 | |
| MA20: | 128.1 | |
| MA50: | 128.1 | |
| MA100: | 127.1 | |
| MAexp7: | 129.7 | |
| MAexp20: | 128.7 | |
| MAexp50: | 128.1 | |
| MAexp100: | 126.7 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | +1.80% | |
| Price / MA50: | +1.80% | |
| Price / MA100: | +2.60% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +1.32% | |
| Price / MAexp50: | +1.80% | |
| Price / MAexp100: | +2.92% |
This member declared not having a position on this financial instrument or a related financial instrument.
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