Colas (RE.PA) Stock Technical Analysis
Europe - Euronext Paris - EPA:RE - FR0000121634 - Common Stock
We assign a technical rating of 9 out of 10 to RE. Both in the recent history as in the last year, RE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, RE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 175.00. Right above this resistance zone may be a good entry point.
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110.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 173.99 to 174.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 116.00 to 116.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 112.00 to 113.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 175.00 to 175.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for RE.PA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RE.PA is up. |
| ChartMill Relative Strength | 98.21 | POSITIVE | RE.PA has a high relative strength, it outperformed 98.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RE.PA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RE.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RE.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 84.15 | OVERBOUGHT | The high RSI value suggests RE.PA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests RE.PA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests RE.PA may be overbought. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for RE.PA suggests low volalility. |
| Average Directional Index/ADX (14) | 85.38 | POSITIVE | The high ADX value value for RE.PA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 175.02 | 174.99 | 0.03 (0.02%) | 25.00% |
| An entry @175.02. This is a Buy Stop order right above the resistance zone. | An exit @174.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.03 points, which is 0.02%. | For a 0.00% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EPA:RE (12/5/2023, 7:00:00 PM)
175
0 (0%)
Colas / RE.PA FAQ
What is the technical rating for RE stock?
ChartMill assigns a technical rating of 8 / 10 to RE.PA.
What is the trend direction for RE stock?
The current trend direction for Colas (RE.PA) is Bullish.
Can you provide the RSI signal for Colas?
Colas (RE.PA) has an RSI value of 84.1499. This indicates that the stock is currently overbought.
What is the short term momentum for RE stock?
The short term momentum for Colas (RE.PA) is positive.
Can you provide the support and resistance levels for Colas?
Colas (RE.PA) has a support level at 174.57 and a resistance level at 175. Check the full technical report for our detailed analysis of RE.PA support and resistance levels.