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 06/12/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 93.25 EUR

My targets

87.96 EUR (-3.55%)

85.13 EUR (-6.66%)

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 93.25 EUR. The next support located at 87.96 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 85.13 EUR. Below this support, sellers could then target 78.96 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, 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

7.1

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.

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Additional analysis

Quotes

ELIA GROUP rating 91.20 EUR. On the day, this instrument lost -0.11% and was traded between 90.60 EUR and 92.15 EUR over the period. The price is currently at +0.66% from its lowest and -1.03% from its highest.

90.60

92.15

91.20

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ELIA GROUP chart shows a sharp bearish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	85.13	87.96	90.84	91.20	93.25	102.29	109.27
Change (%)	-6.66%	-3.55%	-0.39%	-	+2.25%	+12.16%	+19.81%
Change	-6.07	-3.24	-0.36	-	+2.05	+11.09	+18.07
Level	Major	Intermediate	Intermediate	-	Minor	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	86.63	88.47	89.88	91.72	93.13	94.97	96.38
Camarilla	90.41	90.70	91.00	91.30	91.60	91.90	92.19
Woodie	86.43	88.36	89.68	91.61	92.93	94.86	96.18
Fibonacci	88.47	89.71	90.48	91.72	92.96	93.73	94.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	84.67	88.53	91.02	94.88	97.37	101.23	103.72
Camarilla	91.75	92.34	92.92	93.50	94.08	94.66	95.25
Woodie	83.98	88.19	90.33	94.54	96.68	100.89	103.03
Fibonacci	88.53	90.96	92.46	94.88	97.31	98.81	101.23

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.36	80.38	86.89	94.91	101.42	109.44	115.95
Camarilla	89.40	90.74	92.07	93.40	94.73	96.06	97.40
Woodie	71.61	80.00	86.14	94.53	100.67	109.06	115.20
Fibonacci	80.38	85.93	89.36	94.91	100.46	103.89	109.44

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):	41.17
MACD (12,26,9):	-0.6500
Directional Movement:	-10.91
AROON (14):	-21.43
DEMA (21):	93.68
Parabolic SAR (0,02-0,02-0,2):	98.28
Elder Ray (13):	-2.50
Super Trend (3,10):	98.89
Zig ZAG (10):	91.20
VORTEX (21):	0.8400
Stochastique (14,3,5):	18.00
TEMA (21):	93.01
Williams %R (14):	-89.35
Chande Momentum Oscillator (20):	-3.81
Repulse (5,40,3):	-2.3100
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	7.96

MA7:	94.11
MA20:	95.31
MA50:	93.84
MA100:	97.57
MAexp7:	93.07
MAexp20:	94.28
MAexp50:	95.08
MAexp100:	96.84
Price / MA7:	-3.09%
Price / MA20:	-4.31%
Price / MA50:	-2.81%
Price / MA100:	-6.53%
Price / MAexp7:	-2.01%
Price / MAexp20:	-3.27%
Price / MAexp50:	-4.08%
Price / MAexp100:	-5.82%

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:

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

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