TESSENDERLO

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	TESB
ISIN:	BE0003555639

TESSENDERLO - Daily - Technical analysis published on 02/05/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Bullish

De fond: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 30.18 EUR

My targets

32.47 EUR (+3.57%)

35.60 EUR (+13.56%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on TESSENDERLO as long as the price remains well above 30.18 EUR. The buyers” bullish objective is set at 32.47 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 35.60 EUR. If there is any crossing, the next objective would be the resistance located at 38.89 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

5.7

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

Additional analysis

Quotes

TESSENDERLO rating 31.35 EUR. On the day, this instrument gained +1.95% with the lowest point at 30.85 EUR and the highest point at 31.50 EUR. The deviation from the price is +1.62% for the low point and -0.48% for the high point.

30.85

31.50

31.35

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

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of TESSENDERLO in Daily shows an overall bullish trend. 75% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	29.28	30.18	31.32	31.35	32.47	35.60	38.89
Change (%)	-6.60%	-3.73%	-0.10%	-	+3.57%	+13.56%	+24.05%
Change	-2.07	-1.17	-0.03	-	+1.12	+4.25	+7.54
Level	Minor	Major	Minor	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.83	30.02	30.38	30.57	30.93	31.12	31.48
Camarilla	30.60	30.65	30.70	30.75	30.80	30.85	30.90
Woodie	29.93	30.06	30.48	30.61	31.03	31.16	31.58
Fibonacci	30.02	30.23	30.36	30.57	30.78	30.91	31.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.13	29.42	29.88	30.17	30.63	30.92	31.38
Camarilla	30.14	30.21	30.28	30.35	30.42	30.49	30.56
Woodie	29.23	29.46	29.98	30.21	30.73	30.96	31.48
Fibonacci	29.42	29.70	29.88	30.17	30.45	30.63	30.92

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.40	28.05	29.20	30.85	32.00	33.65	34.80
Camarilla	29.58	29.84	30.09	30.35	30.61	30.86	31.12
Woodie	26.15	27.93	28.95	30.73	31.75	33.53	34.55
Fibonacci	28.05	29.12	29.78	30.85	31.92	32.58	33.65

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):	59.51
MACD (12,26,9):	-0.1800
Directional Movement:	4.36
AROON (14):	28.57
DEMA (21):	30.40
Parabolic SAR (0,02-0,02-0,2):	29.72
Elder Ray (13):	0.61
Super Trend (3,10):	31.36
Zig ZAG (10):	31.30
VORTEX (21):	0.8700
Stochastique (14,3,5):	66.67
TEMA (21):	30.30
Williams %R (14):	-11.11
Chande Momentum Oscillator (20):	0.65
Repulse (5,40,3):	2.9700
ROCnROLL:	1
TRIX (15,9):	-0.1300
Courbe Coppock:	3.99

MA7:	30.41
MA20:	30.65
MA50:	31.21
MA100:	30.41
MAexp7:	30.60
MAexp20:	30.67
MAexp50:	30.80
MAexp100:	30.51
Price / MA7:	+3.09%
Price / MA20:	+2.28%
Price / MA50:	+0.45%
Price / MA100:	+3.09%
Price / MAexp7:	+2.45%
Price / MAexp20:	+2.22%
Price / MAexp50:	+1.79%
Price / MAexp100:	+2.75%

News

The latest news and videos published on TESSENDERLO 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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