ELIA GROUP - 1H - Technical analysis published on 02/10/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 64.60 EUR
My targets
63.70 EUR (-0.86%)
62.72 EUR (-2.38%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 64.60 EUR remains possible. It is advisable to trade ELIA GROUP with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 64.60 EUR. The next bearish objective for sellers is set at 63.70 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 62.72 EUR. In case of crossing, the next objective would be the support located at 61.87 EUR. PS: if there is a bullish break in the resistance located at 64.60 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ELIA GROUP rating 64.25 EUR. The price registered an increase of +0.63% on the session and was between 63.85 EUR and 64.90 EUR. This implies that the price is at +0.63% from its lowest and at -1.00% from its highest.63.85
64.90
64.25
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of ELIA GROUP indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
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 this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 61.87 | 62.72 | 63.70 | 64.25 | 64.60 | 66.40 | 67.65 |
| Change (%) | -3.70% | -2.38% | -0.86% | - | +0.54% | +3.35% | +5.29% |
| Change | -2.38 | -1.53 | -0.55 | - | +0.35 | +2.15 | +3.40 |
| Level | Minor | Major | Minor | - | Minor | 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 | 61.62 | 62.48 | 63.17 | 64.03 | 64.72 | 65.58 | 66.27 |
| Camarilla | 63.42 | 63.57 | 63.71 | 63.85 | 63.99 | 64.13 | 64.28 |
| Woodie | 61.53 | 62.44 | 63.08 | 63.99 | 64.63 | 65.54 | 66.18 |
| Fibonacci | 62.48 | 63.08 | 63.44 | 64.03 | 64.63 | 64.99 | 65.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.93 | 58.82 | 61.33 | 65.22 | 67.73 | 71.62 | 74.13 |
| Camarilla | 62.09 | 62.68 | 63.26 | 63.85 | 64.44 | 65.02 | 65.61 |
| Woodie | 54.25 | 58.48 | 60.65 | 64.88 | 67.05 | 71.28 | 73.45 |
| Fibonacci | 58.82 | 61.26 | 62.77 | 65.22 | 67.66 | 69.17 | 71.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.62 | 50.98 | 58.12 | 67.48 | 74.62 | 83.98 | 91.12 |
| Camarilla | 60.71 | 62.23 | 63.74 | 65.25 | 66.76 | 68.28 | 69.79 |
| Woodie | 40.50 | 50.43 | 57.00 | 66.93 | 73.50 | 83.43 | 90.00 |
| Fibonacci | 50.98 | 57.29 | 61.18 | 67.48 | 73.79 | 77.68 | 83.98 |
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): | 46.52 | |
| MACD (12,26,9): | -0.3300 | |
| Directional Movement: | 4.79 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 63.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 63.07 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 66.15 | |
| Zig ZAG (10): | 64.15 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 62.08 | |
| TEMA (21): | 63.76 | |
| Williams %R (14): | -41.46 | |
| Chande Momentum Oscillator (20): | 0.95 | |
| Repulse (5,40,3): | -0.5700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 0.23 |
| MA7: | 65.17 | |
| MA20: | 64.69 | |
| MA50: | 72.37 | |
| MA100: | 82.48 | |
| MAexp7: | 64.19 | |
| MAexp20: | 64.42 | |
| MAexp50: | 64.78 | |
| MAexp100: | 65.00 | |
| Price / MA7: | -1.41% | |
| Price / MA20: | -0.68% | |
| Price / MA50: | -11.22% | |
| Price / MA100: | -22.10% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.82% | |
| Price / MAexp100: | -1.15% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on ELIA GROUP. At the time of publication of this analysis, the latest news was 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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