Londinia Opportunities Analyses - 04/25/2024 (GMT) B&S GROUP - 1H

B&S GROUP
- EUR (-)
- 15 min delayed data - Euronext Amsterdam
Type: Stocks
Ticker: BSGR
ISIN: LU1789205884

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • Europe Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 4.650 EUR
My targets
4.988 EUR (+5.24%)
5.327 EUR (+12.38%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on B&S GROUP as long as the price remains well above 4.650 EUR. The buyers' bullish objective is set at 4.988 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.327 EUR. If there is any crossing, the next objective would be the resistance located at 5.442 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

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Additional analysis

Quotes

The B&S GROUP rating is 4.740 EUR. The price registered an increase of +2.82% on the session with the lowest point at 4.585 EUR and the highest point at 4.745 EUR. The deviation from the price is +3.38% for the low point and -0.11% for the high point.

4.585
4.745
4.740

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

Central Gaps

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:

Central Records

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


A technical analysis in 1H of this B&S GROUP chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.100 4.225 4.650 4.740 5.442 6.415 7.415
Change (%) -13.50% -10.86% -1.90% - +14.81% +35.34% +56.43%
Change -0.640 -0.515 -0.090 - +0.702 +1.675 +2.675
Level Minor Intermediate Major - Minor Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.4074.4634.5374.5934.6674.7234.797
Camarilla4.5744.5864.5984.6104.6224.6344.646
Woodie4.4154.4684.5454.5984.6754.7284.805
Fibonacci4.4634.5134.5444.5934.6434.6744.723


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.6773.8884.2274.4384.7774.9885.327
Camarilla4.4144.4644.5154.5654.6154.6664.716
Woodie3.7403.9204.2904.4704.8405.0205.390
Fibonacci3.8884.0984.2284.4384.6484.7784.988


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.2673.3583.5173.6083.7673.8584.017
Camarilla3.6063.6293.6523.6753.6983.7213.744
Woodie3.3003.3753.5503.6253.8003.8754.050
Fibonacci3.3583.4543.5133.6083.7043.7633.858

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): 65.29
MACD (12,26,9): 0.0490
Directional Movement: 3.586
AROON (14): 35.714
DEMA (21): 4.734
Parabolic SAR (0,02-0,02-0,2): 4.623
Elder Ray (13): 0.039
Super Trend (3,10): 4.627
Zig ZAG (10): 4.740
VORTEX (21): 1.0650
Stochastique (14,3,5): 89.58
TEMA (21): 4.737
Williams %R (14): -3.13
Chande Momentum Oscillator (20): 0.130
Repulse (5,40,3): 0.1410
ROCnROLL: 1
TRIX (15,9): 0.1400
Courbe Coppock: 4.54
MA7: 4.541
MA20: 4.129
MA50: 3.835
MA100: 3.785
MAexp7: 4.718
MAexp20: 4.669
MAexp50: 4.566
MAexp100: 4.401
Price / MA7: +4.38%
Price / MA20: +14.80%
Price / MA50: +23.60%
Price / MA100: +25.23%
Price / MAexp7: +0.47%
Price / MAexp20: +1.52%
Price / MAexp50: +3.81%
Price / MAexp100: +7.70%

Quotes : - 15 min delayed data - Euronext Amsterdam