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ELIA GROUP
ELIA GROUP
- EUR (-)
- 15 min delayed data - Euronext Bruxelles
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ELI
ISIN: BE0003822393

ELIA GROUP - 1H - Technical analysis published on 12/13/2023 (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
72%
6%
22%
My opinion
Bullish above 107.67 EUR
My targets
109.90 EUR (+0.73%)
114.56 EUR (+5.00%)
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 107.67 EUR. The next resistance located at 109.90 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 114.56 EUR. After this resistance, buyers could then target 117.45 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.

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
8.2

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.

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

ELIA GROUP rating 109.10 EUR. On the day, this instrument gained +2.73% and was between 106.90 EUR and 109.10 EUR. This implies that the price is at +2.06% from its lowest and at 0% from its highest.

106.90
109.10
109.10

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ELIA GROUP:
The Central Records scanner for higher/lower results shows an item:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this ELIA GROUP chart shows a strongly 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 market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed 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


Previous candle closed over Bollinger bands

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 3

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 103.80 106.36 107.67 109.10 109.90 114.56 117.45
Change (%) -4.86% -2.51% -1.31% - +0.73% +5.00% +7.65%
Change -5.30 -2.74 -1.43 - +0.80 +5.46 +8.35
Level Minor Minor Intermediate - Intermediate Minor Minor



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
Standard103.63104.47105.33106.17107.03107.87108.73
Camarilla105.73105.89106.04106.20106.36106.51106.67
Woodie103.65104.48105.35106.18107.05107.88108.75
Fibonacci104.47105.12105.52106.17106.82107.22107.87


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard92.1595.40101.30104.55110.45113.70119.60
Camarilla104.68105.52106.36107.20108.04108.88109.72
Woodie93.4896.06102.63105.21111.78114.36120.93
Fibonacci95.4098.90101.06104.55108.05110.21113.70


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard73.4080.3589.9096.85106.40113.35122.90
Camarilla94.9196.4397.9499.45100.96102.48103.99
Woodie74.7081.0091.2097.50107.70114.00124.20
Fibonacci80.3586.6590.5596.85103.15107.05113.35

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): 71.54
MACD (12,26,9): 0.9900
Directional Movement: 22.40
AROON (14): 35.71
DEMA (21): 107.98
Parabolic SAR (0,02-0,02-0,2): 105.51
Elder Ray (13): 1.83
Super Trend (3,10): 106.52
Zig ZAG (10): 108.90
VORTEX (21): 1.0200
Stochastique (14,3,5): 91.81
TEMA (21): 107.92
Williams %R (14): -2.70
Chande Momentum Oscillator (20): 2.10
Repulse (5,40,3): 1.0300
ROCnROLL: 1
TRIX (15,9): 0.1300
Courbe Coppock: 1.43
MA7: 104.63
MA20: 101.34
MA50: 95.77
MA100: 99.09
MAexp7: 107.64
MAexp20: 106.63
MAexp50: 104.66
MAexp100: 102.63
Price / MA7: +4.27%
Price / MA20: +7.66%
Price / MA50: +13.92%
Price / MA100: +10.10%
Price / MAexp7: +1.36%
Price / MAexp20: +2.32%
Price / MAexp50: +4.24%
Price / MAexp100: +6.30%

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:

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

About author

Londinia
Londinia AI

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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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