ELIA GROUP - 1H - Technical analysis published on 11/23/2023 (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:
Bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 102.43 EUR
My targets
97.55 EUR (-1.32%)
94.95 EUR (-3.95%)
My analysis
In the short term, we can see an acceleration in the bearish trend on ELIA GROUP, which is a positive signal for sellers. As long as the price remains above 102.43 EUR, a sale could be considered. The first bearish objective is located at 97.55 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 94.95 EUR as an objective. Crossing it would then enable sellers to target 92.20 EUR. If the price were to return above 102.43 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.2
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Additional analysis
Quotes
The ELIA GROUP rating is 98.85 EUR. The price registered a decrease of -0.50% on the session and was traded between 98.75 EUR and 99.65 EUR over the period. The price is currently at +0.10% from its lowest and -0.80% from its highest.98.75
99.65
98.85
Here is a more detailed summary of the historical variations registered by ELIA GROUP:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ELIA GROUP chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
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 this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 92.20 | 94.95 | 97.55 | 98.85 | 99.19 | 102.43 | 103.73 |
| Change (%) | -6.73% | -3.95% | -1.32% | - | +0.34% | +3.62% | +4.94% |
| Change | -6.65 | -3.90 | -1.30 | - | +0.34 | +3.58 | +4.88 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Major |
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 | 97.15 | 98.25 | 98.80 | 99.90 | 100.45 | 101.55 | 102.10 |
| Camarilla | 98.90 | 99.05 | 99.20 | 99.35 | 99.50 | 99.65 | 99.80 |
| Woodie | 96.88 | 98.11 | 98.53 | 99.76 | 100.18 | 101.41 | 101.83 |
| Fibonacci | 98.25 | 98.88 | 99.27 | 99.90 | 100.53 | 100.92 | 101.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.65 | 89.60 | 95.90 | 99.85 | 106.15 | 110.10 | 116.40 |
| Camarilla | 99.38 | 100.32 | 101.26 | 102.20 | 103.14 | 104.08 | 105.02 |
| Woodie | 86.83 | 90.19 | 97.08 | 100.44 | 107.33 | 110.69 | 117.58 |
| Fibonacci | 89.60 | 93.52 | 95.94 | 99.85 | 103.77 | 106.19 | 110.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.98 | 82.62 | 86.13 | 89.77 | 93.28 | 96.92 | 100.43 |
| Camarilla | 87.68 | 88.34 | 89.00 | 89.65 | 90.31 | 90.96 | 91.62 |
| Woodie | 78.93 | 82.59 | 86.08 | 89.74 | 93.23 | 96.89 | 100.38 |
| Fibonacci | 82.62 | 85.35 | 87.04 | 89.77 | 92.50 | 94.19 | 96.92 |
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): | 30.05 | |
| MACD (12,26,9): | -0.7700 | |
| Directional Movement: | -27.54 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 99.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 99.45 | |
| Elder Ray (13): | -0.76 | |
| Super Trend (3,10): | 100.19 | |
| Zig ZAG (10): | 98.85 | |
| VORTEX (21): | 0.5800 | |
| Stochastique (14,3,5): | 1.71 | |
| TEMA (21): | 98.42 | |
| Williams %R (14): | -94.87 | |
| Chande Momentum Oscillator (20): | -1.65 | |
| Repulse (5,40,3): | -0.4700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 4.09 |
| MA7: | 100.97 | |
| MA20: | 95.88 | |
| MA50: | 94.54 | |
| MA100: | 100.59 | |
| MAexp7: | 99.16 | |
| MAexp20: | 100.06 | |
| MAexp50: | 100.38 | |
| MAexp100: | 99.00 | |
| Price / MA7: | -2.10% | |
| Price / MA20: | +3.10% | |
| Price / MA50: | +4.56% | |
| Price / MA100: | -1.73% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -1.21% | |
| Price / MAexp50: | -1.52% | |
| Price / MAexp100: | -0.15% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on ELIA GROUP at the time of the analysis were 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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