Renault: the analysis does not suggest a decline in the medium term (AT)


Synthesis

The MACD is negative, but it is above its signal line: the trend is changing. Now, the MACD needs to cross zero for the upside to continue in the days ahead. The RSI is above 50, this confirms a good orientation of the title. Stochastic indicators do not give clear signals for the days ahead. The volumes traded are higher than the average volume over the last 10 days.

Movements and Levels

The stock is trending up. It is above its 50-day moving average. The 20-day moving average is higher than the 50-day moving average. The support is at 30.45 EUR, then at 29.25 EUR and the resistance is at 36.44 EUR, then at 38.84 EUR

Technical analysis
TendencyCalculated data
Technical adviceNeutralPrice on 05/0134.70
Background trendBullishMM2032.85
Bracket 130.45MM5032.72
Bracket 229.25ROI62.19
Resistance 136.44MACD– 0.05
Resistance 238.84Stochastic76.17

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Technical Analysis provided by TEC ©2023. All rights of reproduction and representation reserved. TEC is an analysis of the technical situation of an asset at a given time and which is subject to change at any time. The notions of support and resistance come from the elementary principles of technical analysis. This indicative information does not in any way constitute an invitation to sell or buy. The reader remains solely responsible for their interpretation and for the use of the information made available to them.



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