RNO Technical Analysis - RENAULT SA

Technical Rating and Analysis

Taking everything into account, RNO scores 1 out of 10 in our technical rating. RNO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, RNO is a bad performer in the overall market: 88% of all stocks are doing better.

RNO is one of the lesser performing stocks in the Automobiles industry. 67% of 29 stocks in the same industry do better.

RNO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month RNO has a been trading in the 33.36 - 36.41 range, which is quite wide. It is currently trading near the lows of this range.

RNO has an average volume of 1056380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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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

Although the technical rating is bad, RNO does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

33.72

54.12

4 important resistance areas can be observed.

A resistance zone ranging from 34.85 to 36.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @43.24 from a trend line in the weekly time frame.
Resistance @44.76 from a trend line in the daily time frame.
Resistance @53.58 from a horizontal line in the weekly 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 RNO.PA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RNO.PA is down.
ChartMill Relative Strength	12.68	NEGATIVE	RNO.PA has a low relative strength, it was outperformed by 87.32% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RNO.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RNO.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of RNO.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	39.39	NEUTRAL	The RSI value for RNO.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.24	NEGATIVE	The MACD value suggests RNO.PA has a negative trend.
Stochastics (14,3)	7.2	OVERSOLD	The low Stochastics value suggests RNO.PA may be oversold.
Average True Range in percent/ATR (20)	2.74	MEDIUM VOLATILITY	The ATR as a percentage value for RNO.PA suggests some volalility.
Average Directional Index/ADX (14)	17.75	NEGATIVE	The low ADX value for RNO.PA suggests a weak or negative trend.