BARCO

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	BAR
ISIN:	BE0974362940

BARCO - 1H - Technical analysis published on 02/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 16.41 EUR

My targets

16.83 EUR (+1.94%)

16.84 EUR (+2.00%)

My analysis

The bullish trend is currently very strong on BARCO. As long as the price remains above the support at 16.41 EUR, you could try to benefit from the boom. The first bullish objective is located at 16.83 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16.84 EUR as an objective. Crossing it would then enable buyers to target 19.37 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

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 BARCO rating is 16.51 EUR. The price registered an increase of +11.78% on the session and was traded between 15.25 EUR and 16.72 EUR over the period. The price is currently at +8.26% from its lowest and -1.26% from its highest.

15.25

16.72

16.51

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

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

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

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of BARCO indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

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

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour

Three white soldiers

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15.14	15.62	16.41	16.51	16.83	19.37	22.70
Change (%)	-8.30%	-5.39%	-0.61%	-	+1.94%	+17.32%	+37.49%
Change	-1.37	-0.89	-0.10	-	+0.32	+2.86	+6.19
Level	Major	Major	Minor	-	Major	Intermediate	Minor

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	14.13	14.69	15.60	16.16	17.07	17.63	18.54
Camarilla	16.11	16.24	16.38	16.51	16.65	16.78	16.91
Woodie	14.31	14.78	15.78	16.25	17.25	17.72	18.72
Fibonacci	14.69	15.25	15.60	16.16	16.72	17.07	17.63

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.87	14.25	14.86	15.24	15.85	16.23	16.84
Camarilla	15.20	15.29	15.38	15.47	15.56	15.65	15.74
Woodie	13.99	14.31	14.98	15.30	15.97	16.29	16.96
Fibonacci	14.25	14.63	14.86	15.24	15.62	15.85	16.23

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.27	13.45	14.42	15.60	16.57	17.75	18.72
Camarilla	14.80	15.00	15.19	15.39	15.59	15.78	15.98
Woodie	12.17	13.40	14.32	15.55	16.47	17.70	18.62
Fibonacci	13.45	14.27	14.78	15.60	16.42	16.93	17.75

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):	81.68
MACD (12,26,9):	0.3700
Directional Movement:	48.20
AROON (14):	71.43
DEMA (21):	16.08
Parabolic SAR (0,02-0,02-0,2):	15.42
Elder Ray (13):	0.70
Super Trend (3,10):	15.79
Zig ZAG (10):	16.51
VORTEX (21):	1.2200
Stochastique (14,3,5):	84.29
TEMA (21):	16.41
Williams %R (14):	-10.45
Chande Momentum Oscillator (20):	1.63
Repulse (5,40,3):	1.9900
ROCnROLL:	1
TRIX (15,9):	0.2100
Courbe Coppock:	18.13

MA7:	15.30
MA20:	15.56
MA50:	15.78
MA100:	16.06
MAexp7:	16.18
MAexp20:	15.66
MAexp50:	15.37
MAexp100:	15.35
Price / MA7:	+7.91%
Price / MA20:	+6.11%
Price / MA50:	+4.63%
Price / MA100:	+2.80%
Price / MAexp7:	+2.04%
Price / MAexp20:	+5.43%
Price / MAexp50:	+7.42%
Price / MAexp100:	+7.56%

Quotes : - 15 min delayed data - Euronext Bruxelles

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

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