ELIA GROUP - 1H - Technical analysis published on 10/24/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 117.2 EUR
My targets
126.1 EUR (+4.73%)
129.9 EUR (+7.89%)
My analysis
ELIA GROUP 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 117.2 EUR. The next resistance located at 126.1 EUR is the next bullish target 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 129.9 EUR. After this resistance, buyers could then target 143.1 EUR.
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
6.4
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.
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Additional analysis
Quotes
The ELIA GROUP rating is 120.4 EUR. On the day, this instrument gained +3.17% and was between 117.4 EUR and 120.5 EUR. This implies that the price is at +2.56% from its lowest and at -0.08% from its highest.117.4
120.5
120.4
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ELIA GROUP:
Technical
A technical analysis in 1H of this ELIA GROUP chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 113.5 | 117.2 | 120.2 | 120.4 | 126.1 | 129.9 | 143.1 |
| Change (%) | -5.73% | -2.66% | -0.17% | - | +4.73% | +7.89% | +18.85% |
| Change | -6.9 | -3.2 | -0.2 | - | +5.7 | +9.5 | +22.7 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major | 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 | 112.1 | 114.1 | 115.4 | 117.4 | 118.7 | 120.7 | 122.0 |
| Camarilla | 115.8 | 116.1 | 116.4 | 116.7 | 117.0 | 117.3 | 117.6 |
| Woodie | 111.8 | 113.9 | 115.1 | 117.2 | 118.4 | 120.5 | 121.7 |
| Fibonacci | 114.1 | 115.4 | 116.1 | 117.4 | 118.7 | 119.4 | 120.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 109.3 | 112.7 | 114.7 | 118.1 | 120.1 | 123.5 | 125.5 |
| Camarilla | 115.2 | 115.7 | 116.2 | 116.7 | 117.2 | 117.7 | 118.2 |
| Woodie | 108.6 | 112.4 | 114.0 | 117.8 | 119.4 | 123.2 | 124.8 |
| Fibonacci | 112.7 | 114.8 | 116.0 | 118.1 | 120.2 | 121.4 | 123.5 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.7 | 99.3 | 109.9 | 129.5 | 140.1 | 159.7 | 170.3 |
| Camarilla | 112.1 | 114.9 | 117.6 | 120.4 | 123.2 | 125.9 | 128.7 |
| Woodie | 75.1 | 97.1 | 105.3 | 127.3 | 135.5 | 157.5 | 165.7 |
| Fibonacci | 99.3 | 110.9 | 118.0 | 129.5 | 141.1 | 148.2 | 159.7 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.50 | |
| MACD (12,26,9): | 0.4000 | |
| Directional Movement: | 10.5 | |
| AROON (14): | 35.8 | |
| DEMA (21): | 119.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 116.5 | |
| Elder Ray (13): | 1.0 | |
| Super Trend (3,10): | 116.7 | |
| Zig ZAG (10): | 120.0 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 97.70 | |
| TEMA (21): | 119.5 | |
| Williams %R (14): | -11.40 | |
| Chande Momentum Oscillator (20): | 2.6 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.40 |
| MA7: | 119.0 | |
| MA20: | 120.2 | |
| MA50: | 135.2 | |
| MA100: | 139.4 | |
| MAexp7: | 119.6 | |
| MAexp20: | 118.8 | |
| MAexp50: | 118.5 | |
| MAexp100: | 119.1 | |
| Price / MA7: | +1.18% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | -10.95% | |
| Price / MA100: | -13.63% | |
| Price / MAexp7: | +0.67% | |
| Price / MAexp20: | +1.35% | |
| Price / MAexp50: | +1.60% | |
| Price / MAexp100: | +1.09% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on ELIA GROUP. At the time of publication of this analysis, the latest news was as follows:
Elia System OperatorThis member declared not having a position on this financial instrument or a related financial instrument.
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