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 03/28/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 100.62 EUR

My targets

102.73 EUR (+1.21%)

104.55 EUR (+3.00%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on ELIA GROUP as long as the price remains well above 100.62 EUR. The buyers' bullish objective is set at 102.73 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 104.55 EUR. If there is any crossing, the next objective would be the resistance located at 106.50 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

Force

6.1

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ELIA GROUP rating 101.50 EUR. The price has increased by +1.50% since the last closing and was between 101.40 EUR and 102.10 EUR. This implies that the price is at +0.10% from its lowest and at -0.59% from its highest.

101.40

102.10

101.50

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

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:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ELIA GROUP in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	97.37	98.55	100.62	101.50	102.73	104.55	106.50
Change (%)	-4.07%	-2.91%	-0.87%	-	+1.21%	+3.00%	+4.93%
Change	-4.13	-2.95	-0.88	-	+1.23	+3.05	+5.00
Level	Minor	Major	Minor	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.92	96.13	98.07	99.28	101.22	102.43	104.37
Camarilla	99.13	99.42	99.71	100.00	100.29	100.58	100.87
Woodie	95.28	96.31	98.43	99.46	101.58	102.61	104.73
Fibonacci	96.13	97.34	98.08	99.28	100.49	101.23	102.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	89.37	92.13	97.17	99.93	104.97	107.73	112.77
Camarilla	100.06	100.77	101.49	102.20	102.92	103.63	104.35
Woodie	90.50	92.70	98.30	100.50	106.10	108.30	113.90
Fibonacci	92.13	95.11	96.95	99.93	102.91	104.75	107.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	86.47	93.43	98.07	105.03	109.67	116.63	121.27
Camarilla	99.51	100.57	101.64	102.70	103.76	104.83	105.89
Woodie	85.30	92.85	96.90	104.45	108.50	116.05	120.10
Fibonacci	93.43	97.87	100.60	105.03	109.47	112.20	116.63

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):	55.77
MACD (12,26,9):	-0.2500
Directional Movement:	9.19
AROON (14):	57.14
DEMA (21):	98.86
Parabolic SAR (0,02-0,02-0,2):	97.65
Elder Ray (13):	1.16
Super Trend (3,10):	98.23
Zig ZAG (10):	100.00
VORTEX (21):	0.8900
Stochastique (14,3,5):	78.29
TEMA (21):	98.59
Williams %R (14):	-15.87
Chande Momentum Oscillator (20):	1.60
Repulse (5,40,3):	0.9100
ROCnROLL:	1
TRIX (15,9):	-0.0700
Courbe Coppock:	1.92

MA7:	99.30
MA20:	99.82
MA50:	103.93
MA100:	104.82
MAexp7:	99.21
MAexp20:	99.23
MAexp50:	99.34
MAexp100:	99.33
Price / MA7:	+2.22%
Price / MA20:	+1.68%
Price / MA50:	-2.34%
Price / MA100:	-3.17%
Price / MAexp7:	+2.31%
Price / MAexp20:	+2.29%
Price / MAexp50:	+2.17%
Price / MAexp100:	+2.18%

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.

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