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 05/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 97.50 EUR

My targets

95.30 EUR (-0.99%)

92.20 EUR (-4.21%)

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 97.50 EUR. The next support located at 95.30 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 89.90 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

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.

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

Additional analysis

Quotes

The ELIA GROUP price is 96.25 EUR. On the day, this instrument lost -0.67% and was between 95.60 EUR and 96.85 EUR. This implies that the price is at +0.68% from its lowest and at -0.62% from its highest.

95.60

96.85

96.25

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of ELIA GROUP in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	89.90	92.20	95.30	96.25	97.50	100.23	102.50
Change (%)	-6.60%	-4.21%	-0.99%	-	+1.30%	+4.14%	+6.49%
Change	-6.35	-4.05	-0.95	-	+1.25	+3.98	+6.25
Level	Major	Intermediate	Major	-	Intermediate	Intermediate	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	92.32	94.23	95.57	97.48	98.82	100.73	102.07
Camarilla	96.01	96.30	96.60	96.90	97.20	97.50	97.79
Woodie	92.03	94.09	95.28	97.34	98.53	100.59	101.78
Fibonacci	94.23	95.48	96.24	97.48	98.73	99.49	100.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	93.68	96.47	99.63	102.42	105.58	108.37	111.53
Camarilla	101.16	101.71	102.26	102.80	103.35	103.89	104.44
Woodie	93.88	96.56	99.83	102.51	105.78	108.46	111.73
Fibonacci	96.47	98.74	100.14	102.42	104.69	106.09	108.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.45	81.45	85.90	93.90	98.35	106.35	110.80
Camarilla	86.93	88.07	89.21	90.35	91.49	92.63	93.77
Woodie	71.68	80.56	84.13	93.01	96.58	105.46	109.03
Fibonacci	81.45	86.21	89.14	93.90	98.66	101.59	106.35

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	30.29
MACD (12,26,9):	-1.1400
Directional Movement:	-33.58
AROON (14):	-71.43
DEMA (21):	96.75
Parabolic SAR (0,02-0,02-0,2):	99.19
Elder Ray (13):	-1.43
Super Trend (3,10):	98.72
Zig ZAG (10):	96.30
VORTEX (21):	0.6900
Stochastique (14,3,5):	15.77
TEMA (21):	96.37
Williams %R (14):	-84.78
Chande Momentum Oscillator (20):	-2.65
Repulse (5,40,3):	-0.1200
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	3.18

MA7:	100.50
MA20:	97.67
MA50:	96.61
MA100:	102.03
MAexp7:	97.09
MAexp20:	98.25
MAexp50:	99.71
MAexp100:	99.56
Price / MA7:	-4.23%
Price / MA20:	-1.45%
Price / MA50:	-0.37%
Price / MA100:	-5.67%
Price / MAexp7:	-0.87%
Price / MAexp20:	-2.04%
Price / MAexp50:	-3.47%
Price / MAexp100:	-3.32%

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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