ECONOCOM GROUP

1.804 EUR (+0.11%)

03/07/2025 - 16:34 Closed 15 min delayed data - Euronext Bruxelles

Open:	1.802
Change:	+0.002
Volume:	13,391

Low:	1.800
High:	1.820
High / Low range:	0.020

Type:	Stocks
Ticker:	ECONB
ISIN:	BE0974313455

ECONOCOM GROUP - Daily - Technical analysis published on 08/08/2024 (GMT)

132
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08/08/2024 - 07:35
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Londinia

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Timeframe : Daily
- Analysis generated on 08/08/2024 - 07:35
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 2.153 EUR

My targets

1.952 EUR (-3.84%)

1.875 EUR (-7.64%)

My analysis

ECONOCOM GROUP is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.153 EUR. The next support located at 1.952 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.875 EUR. Below this support, sellers could then target 1.634 EUR.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.2

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

Additional analysis

Quotes

The ECONOCOM GROUP price is 2.030 EUR. On the day, this instrument gained +3.57% and was between 2.000 EUR and 2.030 EUR. This implies that the price is at +1.50% from its lowest and at 0% from its highest.

2.000

2.030

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ECONOCOM GROUP chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.875	1.952	2.004	2.030	2.153	2.385	2.482
Change (%)	-7.64%	-3.84%	-1.28%	-	+6.06%	+17.49%	+22.27%
Change	-0.155	-0.078	-0.026	-	+0.123	+0.355	+0.452
Level	Major	Intermediate	Intermediate	-	Major	Major	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	1.853	1.899	1.929	1.975	2.005	2.051	2.081
Camarilla	1.939	1.946	1.953	1.960	1.967	1.974	1.981
Woodie	1.846	1.895	1.922	1.971	1.998	2.047	2.074
Fibonacci	1.899	1.928	1.946	1.975	2.004	2.022	2.051

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.739	1.809	1.899	1.969	2.059	2.129	2.219
Camarilla	1.944	1.959	1.973	1.988	2.003	2.017	2.032
Woodie	1.748	1.814	1.908	1.974	2.068	2.134	2.228
Fibonacci	1.809	1.871	1.908	1.969	2.031	2.068	2.129

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.387	1.673	1.827	2.113	2.267	2.553	2.707
Camarilla	1.859	1.899	1.940	1.980	2.020	2.061	2.101
Woodie	1.320	1.640	1.760	2.080	2.200	2.520	2.640
Fibonacci	1.673	1.841	1.945	2.113	2.281	2.385	2.553

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):	44.61
MACD (12,26,9):	-0.0580
Directional Movement:	-0.883
AROON (14):	-50.000
DEMA (21):	1.975
Parabolic SAR (0,02-0,02-0,2):	2.045
Elder Ray (13):	0.001
Super Trend (3,10):	2.176
Zig ZAG (10):	2.005
VORTEX (21):	0.8400
Stochastique (14,3,5):	21.21
TEMA (21):	1.932
Williams %R (14):	-67.53
Chande Momentum Oscillator (20):	-0.215
Repulse (5,40,3):	-2.9560
ROCnROLL:	2
TRIX (15,9):	-0.3130
Courbe Coppock:	20.35

MA7:	1.963
MA20:	2.079
MA50:	2.134
MA100:	2.101
MAexp7:	1.984
MAexp20:	2.045
MAexp50:	2.099
MAexp100:	2.117
Price / MA7:	+3.41%
Price / MA20:	-2.36%
Price / MA50:	-4.87%
Price / MA100:	-3.38%
Price / MAexp7:	+2.32%
Price / MAexp20:	-0.73%
Price / MAexp50:	-3.29%
Price / MAexp100:	-4.11%

Quotes : 08/08/2024 - 07:17 - 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:

08/05/2024 - 06:15 Notice of a Special General Meeting to be held on 10 September 2024
07/29/2024 - 16:30 Treasury shares
07/24/2024 - 15:55 Half-year results in line with the strategic plan: steady revenue growth and sharp reduction in net financial debt
07/24/2024 - 15:45 Econocom announces appointment of Angel Benguigui as Group CEO as of 24 July 2024
07/23/2024 - 15:45 Press release on voting rights and the denominator

This member declared not having a position on this financial instrument or a related financial instrument.

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