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 08/16/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 96.85 EUR

My targets

94.80 EUR (-0.68%)

92.97 EUR (-2.60%)

My analysis

In the short term, we can see an acceleration in the bearish trend on ELIA GROUP, which is a positive signal for sellers. As long as the price remains above 96.85 EUR, a sale could be considered. The first bearish objective is located at 94.80 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 92.97 EUR as an objective. Crossing it would then enable sellers to target 90.79 EUR. If the price were to return above 96.85 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be 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

5.4

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 95.45 EUR. The price is lower by -0.31% since the last closing and was traded between 94.85 EUR and 95.90 EUR over the period. The price is currently at +0.63% from its lowest and -0.47% from its highest.

94.85

95.90

95.45

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

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ELIA GROUP in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

In fact, 12 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 : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	90.79	92.97	94.80	95.45	95.80	96.85	97.77
Change (%)	-4.88%	-2.60%	-0.68%	-	+0.37%	+1.47%	+2.43%
Change	-4.66	-2.48	-0.65	-	+0.35	+1.40	+2.32
Level	Intermediate	Minor	Major	-	Minor	Minor	Intermediate

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	93.62	94.68	95.22	96.28	96.82	97.88	98.42
Camarilla	95.31	95.46	95.60	95.75	95.90	96.04	96.19
Woodie	93.35	94.55	94.95	96.15	96.55	97.75	98.15
Fibonacci	94.68	95.30	95.67	96.28	96.90	97.27	97.88

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):	40.55
MACD (12,26,9):	-0.1500
Directional Movement:	-11.08
AROON (14):	-64.28
DEMA (21):	95.97
Parabolic SAR (0,02-0,02-0,2):	96.75
Elder Ray (13):	-0.53
Super Trend (3,10):	96.88
Zig ZAG (10):	95.45
VORTEX (21):	0.8900
Stochastique (14,3,5):	22.67
TEMA (21):	95.74
Williams %R (14):	-76.00
Chande Momentum Oscillator (20):	-1.60
Repulse (5,40,3):	-0.4400
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	1.56

MA7:	95.87
MA20:	95.51
MA50:	92.63
MA100:	93.41
MAexp7:	95.75
MAexp20:	96.08
MAexp50:	96.09
MAexp100:	95.85
Price / MA7:	-0.44%
Price / MA20:	-0.06%
Price / MA50:	+3.04%
Price / MA100:	+2.18%
Price / MAexp7:	-0.31%
Price / MAexp20:	-0.66%
Price / MAexp50:	-0.67%
Price / MAexp100:	-0.42%

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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