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 - Daily - Technical analysis published on 02/21/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 106.40 EUR

My targets

99.13 EUR (-3.76%)

92.20 EUR (-10.49%)

My analysis

ELIA GROUP is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 106.40 EUR. The next support located at 99.13 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 92.20 EUR. Below this support, sellers could then target 87.07 EUR.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

Comment on the analysis

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 price is 103.00 EUR. The price is lower by -0.48% since the last closing and was between 102.80 EUR and 103.40 EUR. This implies that the price is at +0.19% from its lowest and at -0.39% from its highest.

102.80

103.40

103.00

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ELIA GROUP:

The study of the highest / lowest by the Central Records scanner shows the following results:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ELIA GROUP indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

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

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	92.20	99.13	102.40	103.00	106.40	109.90	114.45
Change (%)	-10.49%	-3.76%	-0.58%	-	+3.30%	+6.70%	+11.12%
Change	-10.80	-3.87	-0.60	-	+3.40	+6.90	+11.45
Level	Minor	Major	Intermediate	-	Minor	Major	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	101.70	102.50	103.00	103.80	104.30	105.10	105.60
Camarilla	103.14	103.26	103.38	103.50	103.62	103.74	103.86
Woodie	101.55	102.43	102.85	103.73	104.15	105.03	105.45
Fibonacci	102.50	103.00	103.30	103.80	104.30	104.60	105.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	100.03	102.07	103.53	105.57	107.03	109.07	110.53
Camarilla	104.04	104.36	104.68	105.00	105.32	105.64	105.96
Woodie	99.75	101.93	103.25	105.43	106.75	108.93	110.25
Fibonacci	102.07	103.40	104.23	105.57	106.90	107.73	109.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	92.13	99.07	105.43	112.37	118.73	125.67	132.03
Camarilla	108.14	109.36	110.58	111.80	113.02	114.24	115.46
Woodie	91.85	98.93	105.15	112.23	118.45	125.53	131.75
Fibonacci	99.07	104.15	107.29	112.37	117.45	120.59	125.67

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	36.84
MACD (12,26,9):	-1.6900
Directional Movement:	-11.66
AROON (14):	-92.86
DEMA (21):	104.68
Parabolic SAR (0,02-0,02-0,2):	106.91
Elder Ray (13):	-2.49
Super Trend (3,10):	109.40
Zig ZAG (10):	102.90
VORTEX (21):	0.8400
Stochastique (14,3,5):	2.78
TEMA (21):	102.93
Williams %R (14):	-98.90
Chande Momentum Oscillator (20):	-6.40
Repulse (5,40,3):	-2.0100
ROCnROLL:	2
TRIX (15,9):	-0.1800
Courbe Coppock:	9.33

MA7:	104.73
MA20:	107.15
MA50:	110.14
MA100:	102.37
MAexp7:	104.57
MAexp20:	106.64
MAexp50:	107.21
MAexp100:	106.10
Price / MA7:	-1.65%
Price / MA20:	-3.87%
Price / MA50:	-6.48%
Price / MA100:	+0.62%
Price / MAexp7:	-1.50%
Price / MAexp20:	-3.41%
Price / MAexp50:	-3.93%
Price / MAexp100:	-2.92%

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:

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

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