RENAULT SA (RNO.PA)

FR0000131906 - Common Stock

32.825  +0.31 (+0.95%)

Technical Rating

1

Taking everything into account, RNO scores 1 out of 10 in our technical rating. RNO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



In the last month RNO has a been trading in the 31.18 - 34.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
RNO has an average volume of 1150450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, RNO outperforms 56% of them, which is more or less in line with the market.
RNO is part of the Automobiles industry. There are 13 other stocks in this industry, RNO did better than 61% of them.
RNO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RNO is lagging the market.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

Statistics

1 Month 3 Months 6 Months 12 Months -1.54% -19.75% -5.49% 23.47% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 56.79 22.35 - 43.96
RNO Weekly chart
RNO Daily chart

Support/Resistance Analysis


30.90

34.04
We found 2 important support areas.
  • A support zone ranging from 32.51 to 32.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 31.21 to 31.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 33.58 to 33.70. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

Although the technical rating is bad, RNO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 33.58. Right above this resistance zone may be a good entry point.


RNO Daily chart

RENAULT SA

EPA:RNO (6/8/2023, 9:09:14 AM)

32.825

+0.31 (+0.95%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg0.95%
1 Week3.93%
2 Weeks-0.7%
1 Month-1.54%
3 Month-19.75%
6 Month-5.49%
12 Month23.47%
Volatility
ATR(14)0.91
ATR(20)%2.72%
ATR Inc9.69%
Range Today0.32
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.79
Mansfield-0.75
10 Day High33.76
10 Day Low31.19
20 Day High34
20 Day Low31.19
52 Week High43.96
52 Week Low22.35
CS1 End32.51
CR1 Start33.58
Volume & EV
DER(3)0.36%
DER(5)-0.25%
Volume12.27K
Volume Incr7.94%
Vol(5)1.03M
Vol(50)1.15M
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