Londinia Opportunities Analyses - 04/30/2024 (GMT) BEL 20 GR - 1H
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EUR
(-)
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15 min delayed data - Euronext Indices
| Type: | Indices |
| Ticker: | BEL2I |
| ISIN: | BE0389557050 |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 12,250.55 EUR
My targets
12,589.82 EUR (+1.99%)
12,920.38 EUR (+4.67%)
My analysis
The bullish trend is currently very strong on BEL 20 GR. As long as the price remains above the support at 12,250.55 EUR, you could try to benefit from the boom. The first bullish objective is located at 12,589.82 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12,920.38 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating 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
0
10
8.9
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Additional analysis
Quotes
The BEL 20 GR rating is 12,343.78 EUR. The price registered an increase of +0.35% on the session and was traded between 12,322.46 EUR and 12,347.00 EUR over the period. The price is currently at +0.17% from its lowest and -0.03% from its highest.12,322.46
12,347.00
12,343.78
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BEL 20 GR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 12,119.67 | 12,202.10 | 12,250.55 | 12,343.78 | 12,349.58 | 12,920.38 |
| Change (%) | -1.82% | -1.15% | -0.76% | - | +0.05% | +4.67% |
| Change | -224.11 | -141.68 | -93.23 | - | +5.80 | +576.60 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,149.73 | 12,192.71 | 12,246.87 | 12,289.85 | 12,344.01 | 12,386.99 | 12,441.15 |
| Camarilla | 12,274.31 | 12,283.21 | 12,292.12 | 12,301.02 | 12,309.93 | 12,318.83 | 12,327.73 |
| Woodie | 12,155.31 | 12,195.51 | 12,252.45 | 12,292.65 | 12,349.59 | 12,389.79 | 12,446.73 |
| Fibonacci | 12,192.71 | 12,229.82 | 12,252.75 | 12,289.85 | 12,326.96 | 12,349.89 | 12,386.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,901.14 | 12,010.58 | 12,130.70 | 12,240.14 | 12,360.26 | 12,469.70 | 12,589.82 |
| Camarilla | 12,187.69 | 12,208.73 | 12,229.78 | 12,250.82 | 12,271.86 | 12,292.91 | 12,313.95 |
| Woodie | 11,906.48 | 12,013.25 | 12,136.04 | 12,242.81 | 12,365.60 | 12,472.37 | 12,595.16 |
| Fibonacci | 12,010.58 | 12,098.27 | 12,152.45 | 12,240.14 | 12,327.83 | 12,382.01 | 12,469.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,085.34 | 11,293.25 | 11,705.42 | 11,913.33 | 12,325.50 | 12,533.41 | 12,945.58 |
| Camarilla | 11,947.07 | 12,003.91 | 12,060.75 | 12,117.59 | 12,174.43 | 12,231.27 | 12,288.11 |
| Woodie | 11,187.47 | 11,344.32 | 11,807.55 | 11,964.40 | 12,427.63 | 12,584.48 | 13,047.71 |
| Fibonacci | 11,293.25 | 11,530.12 | 11,676.46 | 11,913.33 | 12,150.20 | 12,296.54 | 12,533.41 |
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): | 70.39 | |
| MACD (12,26,9): | 25.3200 | |
| Directional Movement: | 19.85 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 12,294.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,229.33 | |
| Elder Ray (13): | 56.13 | |
| Super Trend (3,10): | 12,245.63 | |
| Zig ZAG (10): | 12,339.07 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 84.68 | |
| TEMA (21): | 12,304.98 | |
| Williams %R (14): | -3.37 | |
| Chande Momentum Oscillator (20): | 86.73 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.21 |
| MA7: | 12,249.67 | |
| MA20: | 12,144.94 | |
| MA50: | 11,898.03 | |
| MA100: | 11,725.53 | |
| MAexp7: | 12,299.29 | |
| MAexp20: | 12,264.71 | |
| MAexp50: | 12,226.50 | |
| MAexp100: | 12,177.99 | |
| Price / MA7: | +0.77% | |
| Price / MA20: | +1.64% | |
| Price / MA50: | +3.75% | |
| Price / MA100: | +5.27% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | +0.96% | |
| Price / MAexp100: | +1.36% |
Quotes :
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15 min delayed data
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Indices Euronext