1RNO Technical Analysis - RENAULT SA

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to 1RNO. 1RNO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, 1RNO is a bad performer in the overall market: 100% of all stocks are doing better.

1RNO is one of the lesser performing stocks in the Automobiles industry. 96% of 32 stocks in the same industry do better.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Warning: 1RNO has an average volume of 6039 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month 1RNO has a been trading in the 31.00 - 41.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of 1RNO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

31.82

54.18

We found 1 important support area.

A support zone ranging from 32.14 to 32.52. This zone is formed by a combination of multiple trend lines in the weekly time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 34.93 to 34.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @47.26 from a trend line in the weekly time frame.
Resistance @53.64 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for 1RNO.MI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for 1RNO.MI is down.
ChartMill Relative Strength	0	NEGATIVE	1RNO.MI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of 1RNO.MI is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of 1RNO.MI is below a declining SMA(50).
Relative Strength Index/RSI (14)	44.61	NEUTRAL	The RSI value for 1RNO.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.53	POSITIVE	The MACD value suggests 1RNO.MI has a positive trend.
Stochastics (14,3)	91.02	OVERBOUGHT	The high Stochastics value suggests 1RNO.MI may be overbought.
Average True Range in percent/ATR (20)	4.28	MEDIUM VOLATILITY	The ATR as a percentage value for 1RNO.MI suggests some volalility.
Average Directional Index/ADX (14)	22.43	NEUTRAL	The ADX value for 1RNO.MI suggests a possible start of a new trend.