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 05/24/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 104.55 EUR

My targets

92.20 EUR (-4.21%)

89.90 EUR (-6.60%)

My analysis

All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on ELIA GROUP as long as the price remains well below 104.55 EUR. The next bearish objective for sellers is set at 92.20 EUR. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 89.90 EUR. If there is any crossing, the next objective would be the support located at 87.00 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

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

5.2

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

ELIA GROUP rating 96.25 EUR. On the day, this instrument lost -0.67% with the lowest point at 95.60 EUR and the highest point at 96.85 EUR. The deviation from the price is +0.68% for the low point and -0.62% for the high point.

95.60

96.85

96.25

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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

A technical analysis in Daily of this ELIA GROUP chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

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	89.90	92.20	95.30	96.25	104.55	111.67	117.50
Change (%)	-6.60%	-4.21%	-0.99%	-	+8.62%	+16.02%	+22.08%
Change	-6.35	-4.05	-0.95	-	+8.30	+15.42	+21.25
Level	Major	Intermediate	Major	-	Major	Minor	Major

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

Technical indicators

Moving averages

RSI (14):	44.49
MACD (12,26,9):	1.0500
Directional Movement:	-5.80
AROON (14):	64.29
DEMA (21):	99.64
Parabolic SAR (0,02-0,02-0,2):	104.28
Elder Ray (13):	-2.73
Super Trend (3,10):	103.09
Zig ZAG (10):	96.20
VORTEX (21):	1.0500
Stochastique (14,3,5):	30.34
TEMA (21):	100.93
Williams %R (14):	-88.18
Chande Momentum Oscillator (20):	-0.80
Repulse (5,40,3):	-1.7900
ROCnROLL:	2
TRIX (15,9):	0.2000
Courbe Coppock:	13.51

MA7:	100.48
MA20:	97.67
MA50:	96.61
MA100:	102.03
MAexp7:	99.06
MAexp20:	98.33
MAexp50:	98.16
MAexp100:	99.90
Price / MA7:	-4.21%
Price / MA20:	-1.45%
Price / MA50:	-0.37%
Price / MA100:	-5.67%
Price / MAexp7:	-2.84%
Price / MAexp20:	-2.12%
Price / MAexp50:	-1.95%
Price / MAexp100:	-3.65%

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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