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 11/21/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 85.13 EUR

My targets

83.25 EUR (-0.89%)

81.90 EUR (-2.50%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ELIA GROUP as long as the price remains well below 85.13 EUR. The sellers' bearish objective is set at 83.25 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 81.90 EUR. In case of crossing, the next objective would be the support located at 62.72 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

5.2

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 84.00 EUR. The price has increased by +0.30% since the last closing and was traded between 83.50 EUR and 84.10 EUR over the period. The price is currently at +0.60% from its lowest and -0.12% from its highest.

83.50

84.10

84.00

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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

A technical analysis in 1H of this ELIA GROUP chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

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	62.72	81.90	83.25	84.00	85.13	87.96	91.45
Change (%)	-25.33%	-2.50%	-0.89%	-	+1.35%	+4.71%	+8.87%
Change	-21.28	-2.10	-0.75	-	+1.13	+3.96	+7.45
Level	Minor	Major	Intermediate	-	Major	Intermediate	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	81.42	82.58	83.17	84.33	84.92	86.08	86.67
Camarilla	83.27	83.43	83.59	83.75	83.91	84.07	84.23
Woodie	81.13	82.44	82.88	84.19	84.63	85.94	86.38
Fibonacci	82.58	83.25	83.67	84.33	85.00	85.42	86.08

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	75.43	78.52	82.38	85.47	89.33	92.42	96.28
Camarilla	84.34	84.98	85.61	86.25	86.89	87.52	88.16
Woodie	75.83	78.71	82.78	85.66	89.73	92.61	96.68
Fibonacci	78.52	81.17	82.81	85.47	88.12	89.76	92.42

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):	46.32
MACD (12,26,9):	-0.1900
Directional Movement:	-8.58
AROON (14):	28.57
DEMA (21):	83.96
Parabolic SAR (0,02-0,02-0,2):	85.15
Elder Ray (13):	-0.19
Super Trend (3,10):	83.34
Zig ZAG (10):	84.05
VORTEX (21):	0.9700
Stochastique (14,3,5):	23.96
TEMA (21):	83.94
Williams %R (14):	-65.91
Chande Momentum Oscillator (20):	0.15
Repulse (5,40,3):	0.0800
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	0.20

MA7:	83.99
MA20:	86.65
MA50:	94.01
MA100:	95.04
MAexp7:	83.99
MAexp20:	84.19
MAexp50:	84.58
MAexp100:	85.56
Price / MA7:	+0.01%
Price / MA20:	-3.06%
Price / MA50:	-10.65%
Price / MA100:	-11.62%
Price / MAexp7:	+0.01%
Price / MAexp20:	-0.23%
Price / MAexp50:	-0.69%
Price / MAexp100:	-1.82%

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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