BEKAERT

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BEKB
ISIN:	BE0974258874

BEKAERT - Daily - Technical analysis published on 10/20/2024 (GMT)

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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

22%

50%

28%

My opinion

Bearish under 37.43 EUR

My targets

33.72 EUR (-4.75%)

30.13 EUR (-14.89%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BEKAERT as long as the price remains well below 37.43 EUR. The sellers' bearish objective is set at 33.72 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 30.13 EUR. In case of crossing, the next objective would be the support located at 26.48 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

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 gsanzmagallon. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BEKAERT rating 35.40 EUR. On the day, this instrument gained +1.96% and was between 34.72 EUR and 35.58 EUR. This implies that the price is at +1.96% from its lowest and at -0.51% from its highest.

34.72

35.58

35.40

Here is a more detailed summary of the historical variations registered by BEKAERT:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 Daily chart of BEKAERT indicates that the overall trend is strongly bearish. 89.29% 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 technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.48	30.13	33.72	35.40	35.87	37.43	39.96
Change (%)	-25.20%	-14.89%	-4.75%	-	+1.33%	+5.73%	+12.88%
Change	-8.92	-5.27	-1.68	-	+0.47	+2.03	+4.56
Level	Minor	Minor	Minor	-	Major	Major	Major

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	34.03	34.37	34.89	35.23	35.75	36.09	36.61
Camarilla	35.16	35.24	35.32	35.40	35.48	35.56	35.64
Woodie	34.11	34.42	34.97	35.28	35.83	36.14	36.69
Fibonacci	34.37	34.70	34.91	35.23	35.56	35.77	36.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.27	33.99	34.69	35.41	36.11	36.83	37.53
Camarilla	35.01	35.14	35.27	35.40	35.53	35.66	35.79
Woodie	33.27	33.99	34.69	35.41	36.11	36.83	37.53
Fibonacci	33.99	34.53	34.86	35.41	35.95	36.28	36.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.81	32.27	34.59	36.05	38.37	39.83	42.15
Camarilla	35.88	36.23	36.57	36.92	37.27	37.61	37.96
Woodie	31.25	32.49	35.03	36.27	38.81	40.05	42.59
Fibonacci	32.27	33.71	34.60	36.05	37.49	38.38	39.83

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.57
MACD (12,26,9):	-0.2400
Directional Movement:	-3.78
AROON (14):	-92.86
DEMA (21):	35.44
Parabolic SAR (0,02-0,02-0,2):	36.85
Elder Ray (13):	-0.43
Super Trend (3,10):	36.68
Zig ZAG (10):	35.40
VORTEX (21):	0.8000
Stochastique (14,3,5):	9.02
TEMA (21):	35.39
Williams %R (14):	-73.68
Chande Momentum Oscillator (20):	-1.00
Repulse (5,40,3):	0.9400
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	5.73

MA7:	35.45
MA20:	35.95
MA50:	35.89
MA100:	37.68
MAexp7:	35.37
MAexp20:	35.71
MAexp50:	36.29
MAexp100:	37.65
Price / MA7:	-0.14%
Price / MA20:	-1.53%
Price / MA50:	-1.37%
Price / MA100:	-6.05%
Price / MAexp7:	+0.08%
Price / MAexp20:	-0.87%
Price / MAexp50:	-2.45%
Price / MAexp100:	-5.98%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The latest news and videos published on BEKAERT 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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