ELIA GROUP - 1H - Technical analysis published on 10/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
56%
17%
28%
My opinion
Bullish above 89.07 EUR
My targets
91.05 EUR (+0.55%)
92.13 EUR (+1.74%)
My analysis
The strong short-term increase in ELIA GROUP calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 89.07 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 91.05 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 92.13 EUR as an objective. Crossing it would then enable buyers to target 93.40 EUR. Caution, a return under 89.07 EUR could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2
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 90.55 EUR. On the day, this instrument gained +0.00% and was between 90.45 EUR and 91.00 EUR. This implies that the price is at +0.11% from its lowest and at -0.49% from its highest.90.45
91.00
90.55
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ELIA GROUP indicates that the overall trend is slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 79.80 | 87.00 | 89.07 | 90.55 | 91.05 | 92.13 | 93.40 |
| Change (%) | -11.87% | -3.92% | -1.63% | - | +0.55% | +1.74% | +3.15% |
| Change | -10.75 | -3.55 | -1.48 | - | +0.50 | +1.58 | +2.85 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Major |
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 | 88.47 | 89.08 | 89.82 | 90.43 | 91.17 | 91.78 | 92.52 |
| Camarilla | 90.18 | 90.30 | 90.43 | 90.55 | 90.67 | 90.80 | 90.92 |
| Woodie | 88.53 | 89.11 | 89.88 | 90.46 | 91.23 | 91.81 | 92.58 |
| Fibonacci | 89.08 | 89.60 | 89.92 | 90.43 | 90.95 | 91.27 | 91.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.37 | 86.18 | 87.77 | 90.58 | 92.17 | 94.98 | 96.57 |
| Camarilla | 88.14 | 88.54 | 88.95 | 89.35 | 89.75 | 90.16 | 90.56 |
| Woodie | 82.75 | 85.88 | 87.15 | 90.28 | 91.55 | 94.68 | 95.95 |
| Fibonacci | 86.18 | 87.86 | 88.90 | 90.58 | 92.26 | 93.30 | 94.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.82 | 81.68 | 87.17 | 97.03 | 102.52 | 112.38 | 117.87 |
| Camarilla | 88.43 | 89.84 | 91.24 | 92.65 | 94.06 | 95.46 | 96.87 |
| Woodie | 69.63 | 80.59 | 84.98 | 95.94 | 100.33 | 111.29 | 115.68 |
| Fibonacci | 81.68 | 87.55 | 91.17 | 97.03 | 102.90 | 106.52 | 112.38 |
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): | 54.50 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 0.16 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 90.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.83 | |
| Elder Ray (13): | 0.27 | |
| Super Trend (3,10): | 88.80 | |
| Zig ZAG (10): | 90.65 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 73.35 | |
| TEMA (21): | 90.95 | |
| Williams %R (14): | -34.48 | |
| Chande Momentum Oscillator (20): | -0.35 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.98 |
| MA7: | 90.33 | |
| MA20: | 90.34 | |
| MA50: | 97.73 | |
| MA100: | 104.43 | |
| MAexp7: | 90.60 | |
| MAexp20: | 90.25 | |
| MAexp50: | 90.27 | |
| MAexp100: | 90.84 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | -7.35% | |
| Price / MA100: | -13.29% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | -0.32% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The last news published on ELIA GROUP at the time of the generation of this analysis was as follows:
Elia System OperatorThis 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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