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 10/24/2024 (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%

67%

17%

My opinion

Bearish under 94.80 EUR

My targets

90.84 EUR (-2.32%)

87.96 EUR (-5.42%)

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 94.80 EUR. The next support located at 90.84 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 87.96 EUR. Below this support, sellers could then target 85.13 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

6.6

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

ELIA GROUP rating 93.00 EUR. The price has increased by +1.31% since the last closing and was between 91.80 EUR and 93.10 EUR. This implies that the price is at +1.31% from its lowest and at -0.11% from its highest.

91.80

93.10

93.00

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

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ELIA GROUP in Daily shows a overall strongly bearish trend. 82.14% 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.

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	85.13	87.96	90.84	93.00	94.80	101.90	105.80
Change (%)	-8.46%	-5.42%	-2.32%	-	+1.94%	+9.57%	+13.76%
Change	-7.87	-5.04	-2.16	-	+1.80	+8.90	+12.80
Level	Major	Intermediate	Intermediate	-	Major	Major	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	89.93	90.87	91.33	92.27	92.73	93.67	94.13
Camarilla	91.42	91.54	91.67	91.80	91.93	92.06	92.19
Woodie	89.70	90.75	91.10	92.15	92.50	93.55	93.90
Fibonacci	90.87	91.40	91.73	92.27	92.80	93.13	93.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91.13	92.47	94.98	96.32	98.83	100.17	102.68
Camarilla	96.44	96.79	97.15	97.50	97.85	98.21	98.56
Woodie	91.73	92.76	95.58	96.61	99.43	100.46	103.28
Fibonacci	92.47	93.94	94.85	96.32	97.79	98.70	100.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	88.48	92.97	97.83	102.32	107.18	111.67	116.53
Camarilla	100.13	100.99	101.84	102.70	103.56	104.41	105.27
Woodie	88.68	93.06	98.03	102.41	107.38	111.76	116.73
Fibonacci	92.97	96.54	98.75	102.32	105.89	108.10	111.67

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):	36.76
MACD (12,26,9):	-1.8500
Directional Movement:	-21.86
AROON (14):	-85.71
DEMA (21):	94.21
Parabolic SAR (0,02-0,02-0,2):	96.48
Elder Ray (13):	-2.85
Super Trend (3,10):	98.43
Zig ZAG (10):	93.00
VORTEX (21):	0.7500
Stochastique (14,3,5):	11.75
TEMA (21):	92.57
Williams %R (14):	-75.00
Chande Momentum Oscillator (20):	-2.90
Repulse (5,40,3):	-1.1900
ROCnROLL:	2
TRIX (15,9):	-0.2100
Courbe Coppock:	9.14

MA7:	94.70
MA20:	96.83
MA50:	99.07
MA100:	95.83
MAexp7:	94.07
MAexp20:	96.37
MAexp50:	97.58
MAexp100:	97.18
Price / MA7:	-1.80%
Price / MA20:	-3.96%
Price / MA50:	-6.13%
Price / MA100:	-2.95%
Price / MAexp7:	-1.14%
Price / MAexp20:	-3.50%
Price / MAexp50:	-4.69%
Price / MAexp100:	-4.30%

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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