VGP

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	VGP
ISIN:	BE0003878957

VGP - Daily - Technical analysis published on 12/19/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 96.25 EUR

My targets

108.00 EUR (+4.45%)

117.87 EUR (+13.99%)

My analysis

VGP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 96.25 EUR. The next resistance located at 108.00 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 117.87 EUR. After this resistance, buyers could then target 185.61 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.6

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

VGP rating 103.40 EUR. The price registered an increase of +7.26% on the session with the lowest point at 97.95 EUR and the highest point at 103.60 EUR. The deviation from the price is +5.56% for the low point and -0.19% for the high point.

97.95

103.60

103.40

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

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 results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of VGP in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	86.69	96.25	102.21	103.40	117.87	185.61	246.99
Change (%)	-16.16%	-6.91%	-1.15%	-	+13.99%	+79.51%	+138.87%
Change	-16.71	-7.15	-1.19	-	+14.47	+82.21	+143.59
Level	Major	Intermediate	Major	-	Minor	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.05	96.00	99.70	101.65	105.35	107.30	111.00
Camarilla	101.85	102.36	102.88	103.40	103.92	104.44	104.95
Woodie	94.93	96.44	100.58	102.09	106.23	107.74	111.88
Fibonacci	96.00	98.16	99.49	101.65	103.81	105.14	107.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.05	96.00	99.70	101.65	105.35	107.30	111.00
Camarilla	101.85	102.36	102.88	103.40	103.92	104.44	104.95
Woodie	94.93	96.44	100.58	102.09	106.23	107.74	111.88
Fibonacci	96.00	98.16	99.49	101.65	103.81	105.14	107.30

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.80	68.50	81.55	88.25	101.30	108.00	121.05
Camarilla	89.17	90.98	92.79	94.60	96.41	98.22	100.03
Woodie	64.98	70.09	84.73	89.84	104.48	109.59	124.23
Fibonacci	68.50	76.05	80.71	88.25	95.80	100.46	108.00

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	68.42
MACD (12,26,9):	3.9100
Directional Movement:	21.99
AROON (14):	100.00
DEMA (21):	100.02
Parabolic SAR (0,02-0,02-0,2):	94.96
Elder Ray (13):	3.72
Super Trend (3,10):	91.70
Zig ZAG (10):	103.40
VORTEX (21):	1.1200
Stochastique (14,3,5):	77.59
TEMA (21):	101.84
Williams %R (14):	-1.47
Chande Momentum Oscillator (20):	8.80
Repulse (5,40,3):	2.6000
ROCnROLL:	1
TRIX (15,9):	0.6400
Courbe Coppock:	21.63

MA7:	98.76
MA20:	94.42
MA50:	86.34
MA100:	88.95
MAexp7:	98.93
MAexp20:	94.95
MAexp50:	90.33
MAexp100:	89.06
Price / MA7:	+4.70%
Price / MA20:	+9.51%
Price / MA50:	+19.76%
Price / MA100:	+16.25%
Price / MAexp7:	+4.52%
Price / MAexp20:	+8.90%
Price / MAexp50:	+14.47%
Price / MAexp100:	+16.10%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

Don't forget to follow the news on VGP. At the time of publication of this analysis, the latest news was as follows:

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

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