BARCO

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BAR
ISIN:	BE0974362940

BARCO - 1H - Technical analysis published on 05/29/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

94%

My opinion

Bullish above 24.50 EUR

My targets

25.18 EUR (+0.96%)

25.60 EUR (+2.65%)

My analysis

The strong short-term increase for BARCO reinforces the current slightly bullish trend. As long as the price remains above 24.50 EUR, you could take advantage of this bullish acceleration. The first bullish objective is located at 25.18 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 25.60 EUR as an objective. Crossing it would then enable buyers to target 26.16 EUR. A return to 24.50 EUR would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BARCO price is 24.94 EUR. The price has increased by +0.89% since the last closing and was between 24.76 EUR and 25.00 EUR. This implies that the price is at +0.73% from its lowest and at -0.24% from its highest.

24.76

25.00

24.94

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BARCO in 1H shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.08	24.50	24.92	24.94	25.18	25.60	26.16
Change (%)	-3.45%	-1.76%	-0.08%	-	+0.96%	+2.65%	+4.89%
Change	-0.86	-0.44	-0.02	-	+0.24	+0.66	+1.22
Level	Minor	Intermediate	Intermediate	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.89	24.05	24.39	24.55	24.89	25.05	25.39
Camarilla	24.58	24.63	24.67	24.72	24.77	24.81	24.86
Woodie	23.97	24.10	24.47	24.60	24.97	25.10	25.47
Fibonacci	24.05	24.24	24.36	24.55	24.74	24.86	25.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.85	23.47	24.09	24.71	25.33	25.95	26.57
Camarilla	24.38	24.49	24.61	24.72	24.83	24.95	25.06
Woodie	22.86	23.47	24.10	24.71	25.34	25.95	26.58
Fibonacci	23.47	23.94	24.23	24.71	25.18	25.47	25.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.81	24.22	25.13	26.54	27.45	28.86	29.77
Camarilla	25.39	25.61	25.82	26.03	26.24	26.46	26.67
Woodie	22.55	24.10	24.87	26.42	27.19	28.74	29.51
Fibonacci	24.22	25.11	25.66	26.54	27.43	27.98	28.86

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	65.78
MACD (12,26,9):	0.0900
Directional Movement:	21.57
AROON (14):	71.43
DEMA (21):	24.75
Parabolic SAR (0,02-0,02-0,2):	24.31
Elder Ray (13):	0.23
Super Trend (3,10):	24.56
Zig ZAG (10):	24.96
VORTEX (21):	1.2100
Stochastique (14,3,5):	93.91
TEMA (21):	24.91
Williams %R (14):	-5.13
Chande Momentum Oscillator (20):	0.44
Repulse (5,40,3):	0.0600
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	3.89

MA7:	24.78
MA20:	25.21
MA50:	25.89
MA100:	25.32
MAexp7:	24.85
MAexp20:	24.68
MAexp50:	24.72
MAexp100:	24.91
Price / MA7:	+0.65%
Price / MA20:	-1.07%
Price / MA50:	-3.67%
Price / MA100:	-1.50%
Price / MAexp7:	+0.36%
Price / MAexp20:	+1.05%
Price / MAexp50:	+0.89%
Price / MAexp100:	+0.12%

Quotes : - 15 min delayed data - Euronext Bruxelles

This member declared not having a position on this financial instrument or a related financial instrument.

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