BARCO - 1H - Technical analysis published on 05/29/2023 (GMT)
- 167
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 24.50 EUR
My targets
25.18 EUR (+0.96%)
25.60 EUR (+2.65%)
My analysis
The strong short-term increase for BARCO reinforces the current slightly bullish trend. As long as the price remains above 24.50 EUR, you could take advantage of this bullish acceleration. The first bullish objective is located at 25.18 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 25.60 EUR as an objective. Crossing it would then enable buyers to target 26.16 EUR. A return to 24.50 EUR would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
0
10
5.2
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 BARCO price is 24.94 EUR. The price has increased by +0.89% since the last closing and was between 24.76 EUR and 25.00 EUR. This implies that the price is at +0.73% from its lowest and at -0.24% from its highest.24.76
25.00
24.94
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BARCO in 1H shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 24.08 | 24.50 | 24.92 | 24.94 | 25.18 | 25.60 | 26.16 |
| Change (%) | -3.45% | -1.76% | -0.08% | - | +0.96% | +2.65% | +4.89% |
| Change | -0.86 | -0.44 | -0.02 | - | +0.24 | +0.66 | +1.22 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.89 | 24.05 | 24.39 | 24.55 | 24.89 | 25.05 | 25.39 |
| Camarilla | 24.58 | 24.63 | 24.67 | 24.72 | 24.77 | 24.81 | 24.86 |
| Woodie | 23.97 | 24.10 | 24.47 | 24.60 | 24.97 | 25.10 | 25.47 |
| Fibonacci | 24.05 | 24.24 | 24.36 | 24.55 | 24.74 | 24.86 | 25.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.85 | 23.47 | 24.09 | 24.71 | 25.33 | 25.95 | 26.57 |
| Camarilla | 24.38 | 24.49 | 24.61 | 24.72 | 24.83 | 24.95 | 25.06 |
| Woodie | 22.86 | 23.47 | 24.10 | 24.71 | 25.34 | 25.95 | 26.58 |
| Fibonacci | 23.47 | 23.94 | 24.23 | 24.71 | 25.18 | 25.47 | 25.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.81 | 24.22 | 25.13 | 26.54 | 27.45 | 28.86 | 29.77 |
| Camarilla | 25.39 | 25.61 | 25.82 | 26.03 | 26.24 | 26.46 | 26.67 |
| Woodie | 22.55 | 24.10 | 24.87 | 26.42 | 27.19 | 28.74 | 29.51 |
| Fibonacci | 24.22 | 25.11 | 25.66 | 26.54 | 27.43 | 27.98 | 28.86 |
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): | 65.78 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 21.57 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 24.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.31 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 24.56 | |
| Zig ZAG (10): | 24.96 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 93.91 | |
| TEMA (21): | 24.91 | |
| Williams %R (14): | -5.13 | |
| Chande Momentum Oscillator (20): | 0.44 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.89 |
| MA7: | 24.78 | |
| MA20: | 25.21 | |
| MA50: | 25.89 | |
| MA100: | 25.32 | |
| MAexp7: | 24.85 | |
| MAexp20: | 24.68 | |
| MAexp50: | 24.72 | |
| MAexp100: | 24.91 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | -1.07% | |
| Price / MA50: | -3.67% | |
| Price / MA100: | -1.50% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +1.05% | |
| Price / MAexp50: | +0.89% | |
| Price / MAexp100: | +0.12% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BARCO - 1H