Londinia Opportunities Analyses - 05/08/2024 (GMT) EURONAV - 1H
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EUR
(-)
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15 min delayed data - Euronext Bruxelles
| Type: | Stocks |
| Ticker: | EURN |
| ISIN: | BE0003816338 |
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
67%
6%
28%
My opinion
Bullish above 16.53 EUR
My targets
17.03 EUR (+1.61%)
18.57 EUR (+10.80%)
My analysis
The bullish trend is currently very strong on EURONAV. As long as the price remains above the support at 16.53 EUR, you could try to benefit from the boom. The first bullish objective is located at 17.03 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 18.57 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
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Additional analysis
Quotes
The EURONAV rating is 16.76 EUR. On the day, this instrument gained +4.49% and was traded between 16.44 EUR and 17.28 EUR over the period. The price is currently at +1.95% from its lowest and -3.01% from its highest.16.44
17.28
16.76
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 this 1H chart of EURONAV indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
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 : 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
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 15.86 | 16.05 | 16.53 | 16.76 | 17.03 | 18.57 |
| Change (%) | -5.37% | -4.24% | -1.37% | - | +1.61% | +10.80% |
| Change | -0.90 | -0.71 | -0.23 | - | +0.27 | +1.81 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.54 | 15.65 | 15.84 | 15.95 | 16.14 | 16.25 | 16.44 |
| Camarilla | 15.96 | 15.99 | 16.01 | 16.04 | 16.07 | 16.10 | 16.12 |
| Woodie | 15.59 | 15.67 | 15.89 | 15.97 | 16.19 | 16.27 | 16.49 |
| Fibonacci | 15.65 | 15.76 | 15.83 | 15.95 | 16.06 | 16.13 | 16.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.26 | 15.43 | 15.57 | 15.74 | 15.88 | 16.05 | 16.19 |
| Camarilla | 15.64 | 15.66 | 15.69 | 15.72 | 15.75 | 15.78 | 15.81 |
| Woodie | 15.26 | 15.42 | 15.57 | 15.73 | 15.88 | 16.04 | 16.19 |
| Fibonacci | 15.43 | 15.55 | 15.62 | 15.74 | 15.86 | 15.93 | 16.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.32 | 14.69 | 15.15 | 15.52 | 15.98 | 16.35 | 16.81 |
| Camarilla | 15.37 | 15.45 | 15.52 | 15.60 | 15.68 | 15.75 | 15.83 |
| Woodie | 14.36 | 14.71 | 15.19 | 15.54 | 16.02 | 16.37 | 16.85 |
| Fibonacci | 14.69 | 15.01 | 15.21 | 15.52 | 15.84 | 16.04 | 16.35 |
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): | 72.65 | |
| MACD (12,26,9): | 0.2600 | |
| Directional Movement: | 42.55 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 16.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.09 | |
| Elder Ray (13): | 0.30 | |
| Super Trend (3,10): | 16.37 | |
| Zig ZAG (10): | 16.60 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 59.78 | |
| TEMA (21): | 16.75 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.74 | |
| Repulse (5,40,3): | -3.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 9.72 |
| MA7: | 15.86 | |
| MA20: | 15.58 | |
| MA50: | 15.60 | |
| MA100: | 15.92 | |
| MAexp7: | 16.60 | |
| MAexp20: | 16.31 | |
| MAexp50: | 16.01 | |
| MAexp100: | 15.81 | |
| Price / MA7: | +5.67% | |
| Price / MA20: | +7.57% | |
| Price / MA50: | +7.44% | |
| Price / MA100: | +5.28% | |
| Price / MAexp7: | +0.96% | |
| Price / MAexp20: | +2.76% | |
| Price / MAexp50: | +4.68% | |
| Price / MAexp100: | +6.01% |
Quotes :
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15 min delayed data
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Euronext Bruxelles
News
Don't forget to follow the news on EURONAV. At the time of publication of this analysis, the latest news was as follows:
- EURN Stock Alert: Halper Sadeh LLP Is Investigating Whether the Sale of Euronav NV Is Fair to Shareholders
- International Seaways Monetizes FSO Joint Venture With Sale to Euronav and Increases Quarterly Cash Dividend
- Euronav announces fourth quarter 2019 results
- Euronav announces second quarter and first half 2019 results
- Euronav announces second quarter and half year results 2018