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REN
REN
- EUR (-)
- 15 min delayed data - Euronext Lisbonne
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: RENE
ISIN: PTREL0AM0008

REN - 1H - Technical analysis published on 04/15/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 2.189 EUR
My targets
2.230 EUR (+0.90%)
2.265 EUR (+2.49%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 2.189 EUR remains possible. It is advisable to trade REN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2.189 EUR. The next bullish objective for buyers is set at 2.230 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.265 EUR. If there is any crossing, the next objective would be the resistance located at 2.309 EUR. PS: if there is a bearish break in the support located at 2.189 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.8

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.

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Daily Weekly

Additional analysis

Quotes

The REN price is 2.210 EUR. On the day, this instrument lost -0.45% with the lowest point at 2.210 EUR and the highest point at 2.220 EUR. The deviation from the price is 0% for the low point and -0.45% for the high point.

2.210
2.220
2.210

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:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


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 REN in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.175 2.189 2.200 2.210 2.215 2.230 2.265
Change (%) -1.58% -0.95% -0.45% - +0.23% +0.90% +2.49%
Change -0.035 -0.021 -0.010 - +0.005 +0.020 +0.055
Level Major Major Intermediate - Minor Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.1822.1932.2072.2182.2322.2432.257
Camarilla2.2132.2152.2182.2202.2222.2252.227
Woodie2.1832.1942.2082.2192.2332.2442.258
Fibonacci2.1932.2032.2092.2182.2282.2342.243


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.1322.1532.1872.2082.2422.2632.297
Camarilla2.2052.2102.2152.2202.2252.2302.235
Woodie2.1382.1562.1932.2112.2482.2662.303
Fibonacci2.1532.1742.1872.2082.2292.2422.263


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.9652.0402.1202.1952.2752.3502.430
Camarilla2.1572.1722.1862.2002.2142.2282.243
Woodie1.9682.0412.1232.1962.2782.3512.433
Fibonacci2.0402.0992.1362.1952.2542.2912.350

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 51.02
MACD (12,26,9): 0.0050
Directional Movement: 11.193
AROON (14): 42.857
DEMA (21): 2.218
Parabolic SAR (0,02-0,02-0,2): 2.205
Elder Ray (13): 0.002
Super Trend (3,10): 2.200
Zig ZAG (10): 2.210
VORTEX (21): 1.1000
Stochastique (14,3,5): 52.38
TEMA (21): 2.220
Williams %R (14): -57.14
Chande Momentum Oscillator (20): -0.005
Repulse (5,40,3): 0.2040
ROCnROLL: -1
TRIX (15,9): 0.0400
Courbe Coppock: 1.76
MA7: 2.199
MA20: 2.187
MA50: 2.201
MA100: 2.265
MAexp7: 2.215
MAexp20: 2.212
MAexp50: 2.203
MAexp100: 2.198
Price / MA7: +0.50%
Price / MA20: +1.05%
Price / MA50: +0.41%
Price / MA100: -2.43%
Price / MAexp7: -0.23%
Price / MAexp20: -0.09%
Price / MAexp50: +0.32%
Price / MAexp100: +0.55%

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:

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

About author

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Londinia AI

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