ELIA GROUP - 1H - Technical analysis published on 12/29/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 109.9 EUR
My targets
114.5 EUR (+1.33%)
117.5 EUR (+3.98%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ELIA GROUP as long as the price remains well above 109.9 EUR. The buyers' bullish objective is set at 114.5 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 117.5 EUR. If there is any crossing, the next objective would be the resistance located at 124.1 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ELIA GROUP rating 113.0 EUR. The price has increased by +0.53% since the last closing and was traded between 112.1 EUR and 113.0 EUR over the period. The price is currently at +0.80% from its lowest and 0% from its highest.112.1
113.0
113.0
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ELIA GROUP indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 106.4 | 109.9 | 112.8 | 113.0 | 114.5 | 117.5 | 124.1 |
| Change (%) | -5.84% | -2.74% | -0.18% | - | +1.33% | +3.98% | +9.82% |
| Change | -6.6 | -3.1 | -0.2 | - | +1.5 | +4.5 | +11.1 |
| Level | Major | Major | Intermediate | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 110.5 | 111.0 | 111.7 | 112.2 | 112.9 | 113.4 | 114.1 |
| Camarilla | 112.1 | 112.2 | 112.3 | 112.4 | 112.5 | 112.6 | 112.7 |
| Woodie | 110.6 | 111.1 | 111.8 | 112.3 | 113.0 | 113.5 | 114.2 |
| Fibonacci | 111.0 | 111.5 | 111.7 | 112.2 | 112.7 | 112.9 | 113.4 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.3 | 109.6 | 111.1 | 112.4 | 113.9 | 115.2 | 116.7 |
| Camarilla | 111.7 | 112.0 | 112.2 | 112.5 | 112.8 | 113.0 | 113.3 |
| Woodie | 108.3 | 109.7 | 111.1 | 112.5 | 113.9 | 115.3 | 116.7 |
| Fibonacci | 109.6 | 110.7 | 111.4 | 112.4 | 113.5 | 114.2 | 115.2 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.4 | 80.3 | 89.9 | 96.8 | 106.4 | 113.3 | 122.9 |
| Camarilla | 94.9 | 96.4 | 97.9 | 99.4 | 100.9 | 102.4 | 103.9 |
| Woodie | 74.7 | 81.0 | 91.2 | 97.5 | 107.7 | 114.0 | 124.2 |
| Fibonacci | 80.3 | 86.6 | 90.5 | 96.8 | 103.1 | 107.0 | 113.3 |
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): | 52.70 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 7.8 | |
| AROON (14): | 21.4 | |
| DEMA (21): | 112.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 111.6 | |
| Elder Ray (13): | 0.1 | |
| Super Trend (3,10): | 111.3 | |
| Zig ZAG (10): | 112.4 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 71.80 | |
| TEMA (21): | 112.3 | |
| Williams %R (14): | -30.80 | |
| Chande Momentum Oscillator (20): | 0.3 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.10 |
| MA7: | 112.3 | |
| MA20: | 107.7 | |
| MA50: | 100.1 | |
| MA100: | 99.6 | |
| MAexp7: | 112.5 | |
| MAexp20: | 112.3 | |
| MAexp50: | 112.1 | |
| MAexp100: | 110.8 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | +4.92% | |
| Price / MA50: | +12.89% | |
| Price / MA100: | +13.45% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +0.62% | |
| Price / MAexp50: | +0.80% | |
| Price / MAexp100: | +1.99% |
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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