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 08/12/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

28%

11%

61%

My opinion

Bullish above 93.13 EUR

My targets

102.29 EUR (+7.67%)

109.27 EUR (+15.02%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ELIA GROUP as long as the price remains well above 93.13 EUR. The buyers' bullish objective is set at 102.29 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 109.27 EUR. If there is any crossing, the next objective would be the resistance located at 114.97 EUR.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

4.8

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 95.00 EUR. The price registered a decrease of -0.21% on the session and was between 94.90 EUR and 96.35 EUR. This implies that the price is at +0.11% from its lowest and at -1.40% from its highest.

94.90

96.35

95.00

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

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ELIA GROUP chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

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

Near support of triangle

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	87.96	90.79	93.13	95.00	95.51	102.29	109.27
Change (%)	-7.41%	-4.43%	-1.97%	-	+0.54%	+7.67%	+15.02%
Change	-7.04	-4.21	-1.87	-	+0.51	+7.29	+14.27
Level	Intermediate	Intermediate	Intermediate	-	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	91.35	92.80	94.00	95.45	96.65	98.10	99.30
Camarilla	94.47	94.71	94.96	95.20	95.44	95.69	95.93
Woodie	91.23	92.74	93.88	95.39	96.53	98.04	99.18
Fibonacci	92.80	93.81	94.44	95.45	96.46	97.09	98.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	89.03	91.57	93.38	95.92	97.73	100.27	102.08
Camarilla	94.00	94.40	94.80	95.20	95.60	96.00	96.40
Woodie	88.68	91.39	93.03	95.74	97.38	100.09	101.73
Fibonacci	91.57	93.23	94.26	95.92	97.58	98.61	100.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77.28	81.77	88.83	93.32	100.38	104.87	111.93
Camarilla	92.72	93.78	94.84	95.90	96.96	98.02	99.08
Woodie	78.58	82.41	90.13	93.96	101.68	105.51	113.23
Fibonacci	81.77	86.18	88.91	93.32	97.73	100.46	104.87

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):	51.89
MACD (12,26,9):	1.1400
Directional Movement:	7.83
AROON (14):	57.14
DEMA (21):	96.26
Parabolic SAR (0,02-0,02-0,2):	99.13
Elder Ray (13):	0.22
Super Trend (3,10):	91.12
Zig ZAG (10):	95.00
VORTEX (21):	1.0000
Stochastique (14,3,5):	53.59
TEMA (21):	97.04
Williams %R (14):	-56.17
Chande Momentum Oscillator (20):	0.55
Repulse (5,40,3):	-1.3900
ROCnROLL:	-1
TRIX (15,9):	0.2000
Courbe Coppock:	7.66

MA7:	96.39
MA20:	94.64
MA50:	92.61
MA100:	93.48
MAexp7:	95.81
MAexp20:	94.78
MAexp50:	93.74
MAexp100:	94.38
Price / MA7:	-1.44%
Price / MA20:	+0.38%
Price / MA50:	+2.58%
Price / MA100:	+1.63%
Price / MAexp7:	-0.85%
Price / MAexp20:	+0.23%
Price / MAexp50:	+1.34%
Price / MAexp100:	+0.66%

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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