PROXIMUS - 1H - Technical analysis published on 03/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
33%
39%
28%
My opinion
Bearish under 8.767 EUR
My targets
8.541 EUR (-0.73%)
8.411 EUR (-2.24%)
My analysis
The strong short-term decline in PROXIMUS calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 8.767 EUR, one could consider taking advantage of the short-term movement. The first bearish objective is located at 8.541 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.411 EUR as an objective. Crossing it would then enable sellers to target 8.176 EUR. Be careful, a return to above 8.767 EUR could jeopardize the reversal.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PROXIMUS price is 8.604 EUR. The price registered a decrease of -1.29% on the session with the lowest point at 8.602 EUR and the highest point at 8.842 EUR. The deviation from the price is +0.02% for the low point and -2.69% for the high point.8.602
8.842
8.604
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand 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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on PROXIMUS were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of PROXIMUS indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.176 | 8.411 | 8.541 | 8.604 | 8.767 | 9.073 | 9.298 |
| Change (%) | -4.97% | -2.24% | -0.73% | - | +1.89% | +5.45% | +8.07% |
| Change | -0.428 | -0.193 | -0.063 | - | +0.163 | +0.469 | +0.694 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Intermediate |
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 | 8.407 | 8.475 | 8.595 | 8.663 | 8.783 | 8.851 | 8.971 |
| Camarilla | 8.664 | 8.682 | 8.699 | 8.716 | 8.733 | 8.751 | 8.768 |
| Woodie | 8.434 | 8.488 | 8.622 | 8.676 | 8.810 | 8.864 | 8.998 |
| Fibonacci | 8.475 | 8.547 | 8.591 | 8.663 | 8.735 | 8.779 | 8.851 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.339 | 7.759 | 8.237 | 8.657 | 9.135 | 9.555 | 10.033 |
| Camarilla | 8.469 | 8.551 | 8.634 | 8.716 | 8.798 | 8.881 | 8.963 |
| Woodie | 7.369 | 7.774 | 8.267 | 8.672 | 9.165 | 9.570 | 10.063 |
| Fibonacci | 7.759 | 8.102 | 8.314 | 8.657 | 9.000 | 9.212 | 9.555 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.006 | 7.804 | 8.262 | 9.060 | 9.518 | 10.316 | 10.774 |
| Camarilla | 8.375 | 8.490 | 8.605 | 8.720 | 8.835 | 8.950 | 9.065 |
| Woodie | 6.836 | 7.719 | 8.092 | 8.975 | 9.348 | 10.231 | 10.604 |
| Fibonacci | 7.804 | 8.284 | 8.580 | 9.060 | 9.540 | 9.836 | 10.316 |
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): | 43.68 | |
| MACD (12,26,9): | -0.0240 | |
| Directional Movement: | 4.165 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 8.644 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.567 | |
| Elder Ray (13): | -0.041 | |
| Super Trend (3,10): | 8.821 | |
| Zig ZAG (10): | 8.602 | |
| VORTEX (21): | 0.9230 | |
| Stochastique (14,3,5): | 26.76 | |
| TEMA (21): | 8.594 | |
| Williams %R (14): | -85.71 | |
| Chande Momentum Oscillator (20): | 0.010 | |
| Repulse (5,40,3): | -0.6580 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.16 |
| MA7: | 8.653 | |
| MA20: | 8.481 | |
| MA50: | 8.966 | |
| MA100: | 9.222 | |
| MAexp7: | 8.638 | |
| MAexp20: | 8.670 | |
| MAexp50: | 8.639 | |
| MAexp100: | 8.565 | |
| Price / MA7: | -0.57% | |
| Price / MA20: | +1.45% | |
| Price / MA50: | -4.04% | |
| Price / MA100: | -6.70% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | -0.76% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | +0.46% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The last news published on PROXIMUS at the time of the generation of this analysis was as follows:
- TeleSign Expands Global Services through Partnership with Proximus
- Proximus Selects VIAVI for Fiber-to-the-Home Network Monitoring
-
Proximus
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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