BREDERODE - 1H - Technical analysis published on 01/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 102.7 EUR
My targets
108.1 EUR (+2.56%)
108.3 EUR (+2.78%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BREDERODE as long as the price remains well above 102.7 EUR. The buyers' bullish objective is set at 108.1 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 108.3 EUR. If there is any crossing, the next objective would be the resistance located at 117.0 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.4
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Additional analysis
Quotes
The BREDERODE price is 105.4 EUR. On the day, this instrument gained +1.93% with the lowest point at 104.2 EUR and the highest point at 108.0 EUR. The deviation from the price is +1.15% for the low point and -2.41% for the high point.104.2
108.0
105.4
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BREDERODE chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 97.1 | 100.8 | 102.7 | 105.4 | 108.1 | 117.0 | 135.8 |
| Change (%) | -7.87% | -4.36% | -2.56% | - | +2.56% | +11.01% | +28.84% |
| Change | -8.3 | -4.6 | -2.7 | - | +2.7 | +11.6 | +30.4 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 99.9 | 102.1 | 103.7 | 105.9 | 107.5 | 109.7 | 111.3 |
| Camarilla | 104.4 | 104.7 | 105.1 | 105.4 | 105.8 | 106.1 | 106.5 |
| Woodie | 99.7 | 102.0 | 103.5 | 105.8 | 107.3 | 109.6 | 111.1 |
| Fibonacci | 102.1 | 103.5 | 104.4 | 105.9 | 107.3 | 108.2 | 109.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 91.5 | 94.8 | 97.1 | 100.4 | 102.7 | 106.0 | 108.3 |
| Camarilla | 98.0 | 98.5 | 99.0 | 99.5 | 100.0 | 100.5 | 101.0 |
| Woodie | 91.1 | 94.6 | 96.7 | 100.2 | 102.3 | 105.8 | 107.9 |
| Fibonacci | 94.8 | 96.9 | 98.2 | 100.4 | 102.5 | 103.8 | 106.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.9 | 85.6 | 93.6 | 98.3 | 106.3 | 111.0 | 119.0 |
| Camarilla | 98.1 | 99.3 | 100.4 | 101.6 | 102.8 | 103.9 | 105.1 |
| Woodie | 82.6 | 86.4 | 95.3 | 99.1 | 108.0 | 111.8 | 120.7 |
| Fibonacci | 85.6 | 90.5 | 93.5 | 98.3 | 103.2 | 106.2 | 111.0 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.20 | |
| MACD (12,26,9): | 1.3000 | |
| Directional Movement: | 23.5 | |
| AROON (14): | 64.3 | |
| DEMA (21): | 106.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 107.7 | |
| Elder Ray (13): | -0.2 | |
| Super Trend (3,10): | 104.3 | |
| Zig ZAG (10): | 105.4 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 50.50 | |
| TEMA (21): | 106.8 | |
| Williams %R (14): | -56.50 | |
| Chande Momentum Oscillator (20): | 1.4 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 6.10 |
| MA7: | 101.5 | |
| MA20: | 99.7 | |
| MA50: | 93.6 | |
| MA100: | 93.3 | |
| MAexp7: | 105.8 | |
| MAexp20: | 104.6 | |
| MAexp50: | 102.9 | |
| MAexp100: | 101.5 | |
| Price / MA7: | +3.84% | |
| Price / MA20: | +5.72% | |
| Price / MA50: | +12.61% | |
| Price / MA100: | +12.97% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | +0.76% | |
| Price / MAexp50: | +2.43% | |
| Price / MAexp100: | +3.84% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
BrederodeThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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