RENAULT

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	RNO
ISIN:	FR0000131906

RENAULT - 1H - Technical analysis published on 09/13/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 37.175 EUR

My targets

38.109 EUR (+1.41%)

40.706 EUR (+8.32%)

My analysis

The bullish trend is currently very strong on RENAULT. As long as the price remains above the support at 37.175 EUR, you could try to benefit from the boom. The first bullish objective is located at 38.109 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 40.706 EUR as an objective. Crossing it would then enable buyers to target 43.273 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

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

Additional analysis

Quotes

The RENAULT rating is 37.580 EUR. The price has increased by +2.30% since the last closing and was between 36.480 EUR and 38.820 EUR. This implies that the price is at +3.02% from its lowest and at -3.19% from its highest.

36.480

38.820

37.580

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by RENAULT:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of RENAULT indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

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 : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	36.566	36.845	37.175	37.580	37.692	38.109	40.706
Change (%)	-2.70%	-1.96%	-1.08%	-	+0.30%	+1.41%	+8.32%
Change	-1.014	-0.735	-0.405	-	+0.112	+0.529	+3.126
Level	Major	Major	Minor	-	Minor	Intermediate	Major

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	35.553	35.882	36.308	36.637	37.063	37.392	37.818
Camarilla	36.527	36.597	36.666	36.735	36.804	36.873	36.943
Woodie	35.603	35.906	36.358	36.661	37.113	37.416	37.868
Fibonacci	35.882	36.170	36.348	36.637	36.925	37.103	37.392

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.515	33.545	34.765	35.795	37.015	38.045	39.265
Camarilla	35.366	35.573	35.779	35.985	36.191	36.398	36.604
Woodie	32.610	33.593	34.860	35.843	37.110	38.093	39.360
Fibonacci	33.545	34.405	34.936	35.795	36.655	37.186	38.045

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.932	34.008	35.672	37.748	39.412	41.488	43.152
Camarilla	36.307	36.649	36.992	37.335	37.678	38.021	38.364
Woodie	31.725	33.905	35.465	37.645	39.205	41.385	42.945
Fibonacci	34.008	35.437	36.320	37.748	39.177	40.060	41.488

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):	64.32
MACD (12,26,9):	0.3300
Directional Movement:	34.772
AROON (14):	57.143
DEMA (21):	37.149
Parabolic SAR (0,02-0,02-0,2):	36.480
Elder Ray (13):	0.622
Super Trend (3,10):	36.243
Zig ZAG (10):	37.570
VORTEX (21):	1.1480
Stochastique (14,3,5):	53.38
TEMA (21):	37.340
Williams %R (14):	-48.85
Chande Momentum Oscillator (20):	1.020
Repulse (5,40,3):	0.5070
ROCnROLL:	1
TRIX (15,9):	0.0870
Courbe Coppock:	4.26

MA7:	36.334
MA20:	36.583
MA50:	37.772
MA100:	35.944
MAexp7:	37.192
MAexp20:	36.753
MAexp50:	36.414
MAexp100:	36.414
Price / MA7:	+3.43%
Price / MA20:	+2.73%
Price / MA50:	-0.51%
Price / MA100:	+4.55%
Price / MAexp7:	+1.04%
Price / MAexp20:	+2.25%
Price / MAexp50:	+3.20%
Price / MAexp100:	+3.20%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on RENAULT at the time of the analysis were as follows:

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

About author

Londinia AI

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