PROXIMUS - Daily - Technical analysis published on 09/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 26.97 EUR
My targets
27.56 EUR (+1.21%)
29.09 EUR (+6.83%)
My analysis
The bullish trend is currently very strong on PROXIMUS. As long as the price remains above the support at 26.97 EUR, you could try to benefit from the boom. The first bullish objective is located at 27.56 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 29.09 EUR as an objective. Crossing it would then enable buyers to target 31.22 EUR. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PROXIMUS price is 27.23 EUR. The price has increased by +0.85% since the last closing with the lowest point at 26.88 EUR and the highest point at 27.41 EUR. The deviation from the price is +1.30% for the low point and -0.66% for the high point.26.88
27.41
27.23
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PROXIMUS:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PROXIMUS in Daily shows a strongly overall bullish trend. 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.
An assessment of technical indicators shows a strong bullish signal.
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.49 | 25.63 | 26.97 | 27.23 | 27.56 | 29.09 | 31.22 |
| Change (%) | -10.06% | -5.88% | -0.95% | - | +1.21% | +6.83% | +14.65% |
| Change | -2.74 | -1.60 | -0.26 | - | +0.33 | +1.86 | +3.99 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
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 | 26.42 | 26.59 | 26.79 | 26.96 | 27.16 | 27.33 | 27.53 |
| Camarilla | 26.90 | 26.93 | 26.97 | 27.00 | 27.03 | 27.07 | 27.10 |
| Woodie | 26.45 | 26.60 | 26.82 | 26.97 | 27.19 | 27.34 | 27.56 |
| Fibonacci | 26.59 | 26.73 | 26.82 | 26.96 | 27.10 | 27.19 | 27.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.25 | 24.74 | 25.74 | 26.23 | 27.23 | 27.72 | 28.72 |
| Camarilla | 26.32 | 26.46 | 26.59 | 26.73 | 26.87 | 27.00 | 27.14 |
| Woodie | 24.50 | 24.87 | 25.99 | 26.36 | 27.48 | 27.85 | 28.97 |
| Fibonacci | 24.74 | 25.31 | 25.66 | 26.23 | 26.80 | 27.15 | 27.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.06 | 24.90 | 25.89 | 26.73 | 27.72 | 28.56 | 29.55 |
| Camarilla | 26.39 | 26.56 | 26.72 | 26.89 | 27.06 | 27.23 | 27.39 |
| Woodie | 24.15 | 24.94 | 25.98 | 26.77 | 27.81 | 28.60 | 29.64 |
| Fibonacci | 24.90 | 25.60 | 26.03 | 26.73 | 27.43 | 27.86 | 28.56 |
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): | 64.25 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 16.36 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 26.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.70 | |
| Elder Ray (13): | 0.59 | |
| Super Trend (3,10): | 25.78 | |
| Zig ZAG (10): | 27.29 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 93.63 | |
| TEMA (21): | 26.77 | |
| Williams %R (14): | -6.45 | |
| Chande Momentum Oscillator (20): | 1.41 | |
| Repulse (5,40,3): | 3.5600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 3.55 |
| MA7: | 26.69 | |
| MA20: | 26.34 | |
| MA50: | 26.27 | |
| MA100: | 25.96 | |
| MAexp7: | 26.78 | |
| MAexp20: | 26.46 | |
| MAexp50: | 26.23 | |
| MAexp100: | 25.77 | |
| Price / MA7: | +2.02% | |
| Price / MA20: | +3.38% | |
| Price / MA50: | +3.65% | |
| Price / MA100: | +4.89% | |
| Price / MAexp7: | +1.68% | |
| Price / MAexp20: | +2.91% | |
| Price / MAexp50: | +3.81% | |
| Price / MAexp100: | +5.67% |
News
The last news published on PROXIMUS at the time of the generation of this analysis was as follows:
ProximusThis member declared not having a position on this financial instrument or a related financial instrument.
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