ELIA GROUP - Daily - Technical analysis published on 01/15/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 114.5 EUR
My targets
124.0 EUR (+4.82%)
127.8 EUR (+8.03%)
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 114.5 EUR. The buyers' bullish objective is set at 124.0 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 127.8 EUR. If there is any crossing, the next objective would be the resistance located at 142.2 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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
ELIA GROUP rating 118.3 EUR. On the day, this instrument gained +0.68% and was traded between 117.7 EUR and 119.3 EUR over the period. The price is currently at +0.51% from its lowest and -0.84% from its highest.117.7
119.3
118.3
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ELIA GROUP chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 109.9 | 114.5 | 118.2 | 118.3 | 124.0 | 127.8 | 142.2 |
| Change (%) | -7.10% | -3.21% | -0.08% | - | +4.82% | +8.03% | +20.20% |
| Change | -8.4 | -3.8 | -0.1 | - | +5.7 | +9.5 | +23.9 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Minor |
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 | 112.0 | 113.2 | 115.3 | 116.5 | 118.6 | 119.8 | 121.9 |
| Camarilla | 116.6 | 116.9 | 117.2 | 117.5 | 117.8 | 118.1 | 118.4 |
| Woodie | 112.6 | 113.4 | 115.9 | 116.7 | 119.2 | 120.0 | 122.5 |
| Fibonacci | 113.2 | 114.4 | 115.2 | 116.5 | 117.7 | 118.5 | 119.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.0 | 112.4 | 114.9 | 116.3 | 118.8 | 120.2 | 122.7 |
| Camarilla | 116.4 | 116.8 | 117.1 | 117.5 | 117.9 | 118.2 | 118.6 |
| Woodie | 111.7 | 112.7 | 115.6 | 116.6 | 119.5 | 120.5 | 123.4 |
| Fibonacci | 112.4 | 113.9 | 114.8 | 116.3 | 117.8 | 118.7 | 120.2 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.1 | 92.2 | 102.8 | 108.9 | 119.5 | 125.6 | 136.2 |
| Camarilla | 108.7 | 110.2 | 111.8 | 113.3 | 114.8 | 116.4 | 117.9 |
| Woodie | 88.3 | 93.3 | 105.0 | 110.0 | 121.7 | 126.7 | 138.4 |
| Fibonacci | 92.2 | 98.6 | 102.6 | 108.9 | 115.3 | 119.3 | 125.6 |
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): | 70.90 | |
| MACD (12,26,9): | 3.3000 | |
| Directional Movement: | 28.7 | |
| AROON (14): | 42.9 | |
| DEMA (21): | 117.0 | |
| Parabolic SAR (0,02-0,02-0,2): | 110.5 | |
| Elder Ray (13): | 4.3 | |
| Super Trend (3,10): | 111.2 | |
| Zig ZAG (10): | 118.2 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 81.30 | |
| TEMA (21): | 117.3 | |
| Williams %R (14): | -12.10 | |
| Chande Momentum Oscillator (20): | 5.8 | |
| Repulse (5,40,3): | 1.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5000 | |
| Courbe Coppock: | 6.10 |
| MA7: | 115.2 | |
| MA20: | 113.5 | |
| MA50: | 105.0 | |
| MA100: | 100.9 | |
| MAexp7: | 115.6 | |
| MAexp20: | 112.6 | |
| MAexp50: | 107.1 | |
| MAexp100: | 105.1 | |
| Price / MA7: | +2.69% | |
| Price / MA20: | +4.23% | |
| Price / MA50: | +12.67% | |
| Price / MA100: | +17.24% | |
| Price / MAexp7: | +2.34% | |
| Price / MAexp20: | +5.06% | |
| Price / MAexp50: | +10.46% | |
| Price / MAexp100: | +12.56% |
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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