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SOFINA
SOFINA
- EUR (-)
- 15 min delayed data - Euronext Bruxelles
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: SOF
ISIN: BE0003717312

SOFINA - 1H - Technical analysis published on 04/03/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 203.3 EUR
My targets
209.3 EUR (+1.41%)
218.3 EUR (+5.77%)
My analysis
SOFINA is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 203.3 EUR. The next resistance located at 209.3 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 218.3 EUR. After this resistance, buyers could then target 224.3 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
8.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The SOFINA rating is 206.4 EUR. The price has increased by +2.99% since the last closing and was between 197.0 EUR and 207.2 EUR. This implies that the price is at +4.77% from its lowest and at -0.39% from its highest.

197.0
207.2
206.4

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by SOFINA:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this SOFINA chart shows a strongly bullish trend. 89.29% 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 market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 190.6 197.0 203.3 206.4 209.3 218.3 224.3
Change (%) -7.66% -4.55% -1.50% - +1.41% +5.77% +8.67%
Change -15.8 -9.4 -3.1 - +2.9 +11.9 +17.9
Level Major Intermediate Major - Minor 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
Standard189.7193.3199.9203.5210.1213.7220.3
Camarilla203.6204.5205.5206.4207.3208.3209.2
Woodie191.1194.1201.3204.3211.5214.5221.7
Fibonacci193.3197.2199.6203.5207.4209.8213.7


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard169.1178.5184.5193.9199.9209.3215.3
Camarilla186.4187.8189.2190.6192.0193.4194.8
Woodie167.5177.7182.9193.1198.3208.5213.7
Fibonacci178.5184.4188.0193.9199.8203.4209.3


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard198.8208.4222.4232.0246.0255.6269.6
Camarilla229.9232.1234.2236.4238.6240.7242.9
Woodie201.0209.5224.6233.1248.2256.7271.8
Fibonacci208.4217.4223.0232.0241.0246.6255.6

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): 74.70
MACD (12,26,9): 2.5000
Directional Movement: 26.1
AROON (14): 42.8
DEMA (21): 204.9
Parabolic SAR (0,02-0,02-0,2): 199.5
Elder Ray (13): 2.9
Super Trend (3,10): 201.4
Zig ZAG (10): 206.4
VORTEX (21): 1.2000
Stochastique (14,3,5): 91.50
TEMA (21): 206.2
Williams %R (14): -7.80
Chande Momentum Oscillator (20): 5.8
Repulse (5,40,3): 1.3000
ROCnROLL: 1
TRIX (15,9): 0.2000
Courbe Coppock: 4.80
MA7: 196.8
MA20: 205.2
MA50: 220.5
MA100: 218.6
MAexp7: 204.7
MAexp20: 201.9
MAexp50: 199.1
MAexp100: 200.1
Price / MA7: +4.88%
Price / MA20: +0.58%
Price / MA50: -6.39%
Price / MA100: -5.58%
Price / MAexp7: +0.83%
Price / MAexp20: +2.23%
Price / MAexp50: +3.67%
Price / MAexp100: +3.15%

Quotes : - 15 min delayed data - Euronext Bruxelles

News


Don't forget to follow the news on SOFINA. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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