Londinia Opportunities Analyses - 01/19/2022 (GMT) REN - 1H

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Type:	Stocks
Ticker:	RENE
ISIN:	PTREL0AM0008

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 2.545 EUR

My targets

2.485 EUR (-1.19%)

2.462 EUR (-2.11%)

My analysis

REN 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 2.545 EUR. The next support located at 2.485 EUR 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 2.462 EUR. Below this support, sellers could then target 2.404 EUR. 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.

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

7.9

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The REN price is 2.515 EUR. The price registered a decrease of -0.59% on the session and was traded between 2.510 EUR and 2.540 EUR over the period. The price is currently at +0.20% from its lowest and -0.98% from its highest.

2.510

2.540

2.515

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

Technical

A technical analysis in 1H of this REN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.462	2.485	2.510	2.515	2.521	2.545	2.570
Change (%)	-2.11%	-1.19%	-0.20%	-	+0.24%	+1.19%	+2.19%
Change	-0.053	-0.030	-0.005	-	+0.006	+0.030	+0.055
Level	Major	Minor	Intermediate	-	Major	Major	Minor

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	2.498	2.507	2.518	2.527	2.538	2.547	2.558
Camarilla	2.525	2.526	2.528	2.530	2.532	2.534	2.536
Woodie	2.500	2.508	2.520	2.528	2.540	2.548	2.560
Fibonacci	2.507	2.514	2.519	2.527	2.534	2.539	2.547

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.458	2.482	2.503	2.527	2.548	2.572	2.593
Camarilla	2.513	2.517	2.521	2.525	2.529	2.533	2.537
Woodie	2.458	2.481	2.503	2.526	2.548	2.571	2.593
Fibonacci	2.482	2.499	2.510	2.527	2.544	2.555	2.572

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.350	2.405	2.475	2.530	2.600	2.655	2.725
Camarilla	2.511	2.522	2.534	2.545	2.557	2.568	2.579
Woodie	2.358	2.409	2.483	2.534	2.608	2.659	2.733
Fibonacci	2.405	2.453	2.482	2.530	2.578	2.607	2.655

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):	43.05
MACD (12,26,9):	-0.0010
Directional Movement:	-18.672
AROON (14):	-35.714
DEMA (21):	2.523
Parabolic SAR (0,02-0,02-0,2):	2.539
Elder Ray (13):	-0.012
Super Trend (3,10):	2.537
Zig ZAG (10):	2.515
VORTEX (21):	0.8330
Stochastique (14,3,5):	16.67
TEMA (21):	2.522
Williams %R (14):	-83.33
Chande Momentum Oscillator (20):	0.000
Repulse (5,40,3):	-0.2790
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.32

MA7:	2.524
MA20:	2.534
MA50:	2.510
MA100:	2.540
MAexp7:	2.522
MAexp20:	2.525
MAexp50:	2.527
MAexp100:	2.529
Price / MA7:	-0.36%
Price / MA20:	-0.75%
Price / MA50:	+0.20%
Price / MA100:	-0.98%
Price / MAexp7:	-0.28%
Price / MAexp20:	-0.40%
Price / MAexp50:	-0.47%
Price / MAexp100:	-0.55%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

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