ECONOCOM GROUP

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ECONB
ISIN:	BE0974313455

ECONOCOM GROUP - Daily - Technical analysis published on 02/17/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 2.855 EUR

My targets

3.099 EUR (+3.30%)

3.249 EUR (+8.30%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on ECONOCOM GROUP. This is a positive signal for buyers. As long as the price remains above 2.855 EUR, a purchase could be considered. The first bullish objective is located at 3.099 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.249 EUR as an objective. Crossing it would then enable buyers to target 3.400 EUR. In the event of a return below 2.855 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

7.3

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

The ECONOCOM GROUP price is 3.000 EUR. On the day, this instrument gained +2.92% and was between 2.870 EUR and 3.110 EUR. This implies that the price is at +4.53% from its lowest and at -3.54% from its highest.

2.870

3.110

3.000

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

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

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ECONOCOM GROUP indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

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 resistance

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.739	2.855	2.990	3.000	3.099	3.249	3.400
Change (%)	-8.70%	-4.83%	-0.33%	-	+3.30%	+8.30%	+13.33%
Change	-0.261	-0.145	-0.010	-	+0.099	+0.249	+0.400
Level	Major	Intermediate	Major	-	Major	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.637	2.753	2.877	2.993	3.117	3.233	3.357
Camarilla	2.934	2.956	2.978	3.000	3.022	3.044	3.066
Woodie	2.640	2.755	2.880	2.995	3.120	3.235	3.360
Fibonacci	2.753	2.845	2.902	2.993	3.085	3.142	3.233

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.523	2.637	2.703	2.817	2.883	2.997	3.063
Camarilla	2.721	2.737	2.754	2.770	2.787	2.803	2.820
Woodie	2.500	2.625	2.680	2.805	2.860	2.985	3.040
Fibonacci	2.637	2.705	2.748	2.817	2.885	2.928	2.997

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.247	2.473	2.662	2.888	3.077	3.303	3.492
Camarilla	2.736	2.774	2.812	2.850	2.888	2.926	2.964
Woodie	2.228	2.464	2.643	2.879	3.058	3.294	3.473
Fibonacci	2.473	2.632	2.730	2.888	3.047	3.145	3.303

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):	61.00
MACD (12,26,9):	0.0090
Directional Movement:	10.186
AROON (14):	21.429
DEMA (21):	2.859
Parabolic SAR (0,02-0,02-0,2):	2.725
Elder Ray (13):	0.129
Super Trend (3,10):	3.039
Zig ZAG (10):	3.000
VORTEX (21):	0.9810
Stochastique (14,3,5):	60.09
TEMA (21):	2.876
Williams %R (14):	-28.21
Chande Momentum Oscillator (20):	0.150
Repulse (5,40,3):	1.1410
ROCnROLL:	1
TRIX (15,9):	-0.0480
Courbe Coppock:	5.44

MA7:	2.859
MA20:	2.828
MA50:	2.867
MA100:	2.828
MAexp7:	2.882
MAexp20:	2.855
MAexp50:	2.858
MAexp100:	2.893
Price / MA7:	+4.93%
Price / MA20:	+6.08%
Price / MA50:	+4.64%
Price / MA100:	+6.08%
Price / MAexp7:	+4.09%
Price / MAexp20:	+5.08%
Price / MAexp50:	+4.97%
Price / MAexp100:	+3.70%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The latest news and videos published on ECONOCOM GROUP 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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