ELIA GROUP - 1H - Technical analysis published on 11/11/2024 (GMT)
- 78
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Neutral between 86.10 EUR and 89.14 EUR
My targets
-
My analysis
The current short-term bullish thrust is in contrast to the bearish trend. ELIA GROUP is apparently trying to reverse the trend. The return to a neutral and then bullish trend should not be long in coming if the current rebound continues. What is currently happening on ELIA GROUP essentials for the price to rebound like this? In such a situation, it would be possible to stay away from ELIA GROUP or not try to counterbalance this current rebound in the short term. If there is a purchase, the buyers could use the resistance located at 89.14 EUR as an objective. Buyers would then use the next resistance located at 91.45 EUR as an objective. Crossing it would then enable buyers to target 95.38 EUR. Attention should be paid to the price reaction at the start of the resistance as trend traders may consider resuming sales if the basic trend has not been able to ease or if the short term has itself become excessive.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ELIA GROUP price is 87.90 EUR. On the day, this instrument gained +1.27% with the lowest point at 87.25 EUR and the highest point at 87.90 EUR. The deviation from the price is +0.74% for the low point and 0% for the high point.87.25
87.90
87.90
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ELIA GROUP indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 79.02 | 85.13 | 86.10 | 87.90 | 87.96 | 89.14 | 91.45 |
| Change (%) | -10.10% | -3.15% | -2.05% | - | +0.07% | +1.41% | +4.04% |
| Change | -8.88 | -2.77 | -1.80 | - | +0.06 | +1.24 | +3.55 |
| Level | Minor | Major | Minor | - | Minor | 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 | 83.85 | 84.70 | 85.75 | 86.60 | 87.65 | 88.50 | 89.55 |
| Camarilla | 86.28 | 86.45 | 86.63 | 86.80 | 86.97 | 87.15 | 87.32 |
| Woodie | 83.95 | 84.75 | 85.85 | 86.65 | 87.75 | 88.55 | 89.65 |
| Fibonacci | 84.70 | 85.43 | 85.87 | 86.60 | 87.33 | 87.77 | 88.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.10 | 82.10 | 84.45 | 87.45 | 89.80 | 92.80 | 95.15 |
| Camarilla | 85.33 | 85.82 | 86.31 | 86.80 | 87.29 | 87.78 | 88.27 |
| Woodie | 78.78 | 81.94 | 84.13 | 87.29 | 89.48 | 92.64 | 94.83 |
| Fibonacci | 82.10 | 84.14 | 85.41 | 87.45 | 89.49 | 90.76 | 92.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.20 | 74.65 | 81.00 | 92.45 | 98.80 | 110.25 | 116.60 |
| Camarilla | 82.46 | 84.09 | 85.72 | 87.35 | 88.98 | 90.61 | 92.25 |
| Woodie | 60.65 | 73.38 | 78.45 | 91.18 | 96.25 | 108.98 | 114.05 |
| Fibonacci | 74.65 | 81.45 | 85.65 | 92.45 | 99.25 | 103.45 | 110.25 |
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): | 51.08 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -3.00 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 86.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 86.54 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 87.38 | |
| Zig ZAG (10): | 86.80 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 84.85 | |
| TEMA (21): | 86.79 | |
| Williams %R (14): | -30.23 | |
| Chande Momentum Oscillator (20): | 1.10 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 2.94 |
| MA7: | 87.04 | |
| MA20: | 91.33 | |
| MA50: | 97.24 | |
| MA100: | 95.44 | |
| MAexp7: | 86.80 | |
| MAexp20: | 86.61 | |
| MAexp50: | 87.30 | |
| MAexp100: | 88.78 | |
| Price / MA7: | +0.99% | |
| Price / MA20: | -3.76% | |
| Price / MA50: | -9.61% | |
| Price / MA100: | -7.90% | |
| Price / MAexp7: | +1.27% | |
| Price / MAexp20: | +1.49% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | -0.99% |
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:
Elia System OperatorThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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