ASCENCIO

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ASCE
ISIN:	BE0003856730

ASCENCIO - Daily - Technical analysis published on 10/30/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

72%

28%

My opinion

Bullish above 41.98 EUR

My targets

45.04 EUR (+4.87%)

47.94 EUR (+11.62%)

My analysis

The strong short-term increase in ASCENCIO calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 41.98 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 45.04 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 47.94 EUR as an objective. Crossing it would then enable buyers to target 49.80 EUR. Caution, a return under 41.98 EUR could jeopardize the reversal.

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

2.7

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 ASCENCIO rating is 42.95 EUR. On the day, this instrument gained +4.12% and was traded between 41.00 EUR and 43.00 EUR over the period. The price is currently at +4.76% from its lowest and -0.12% from its highest.

41.00

43.00

42.95

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:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ASCENCIO indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	38.31	40.65	41.98	42.95	43.55	45.04	47.94
Change (%)	-10.80%	-5.36%	-2.26%	-	+1.40%	+4.87%	+11.62%
Change	-4.64	-2.30	-0.97	-	+0.60	+2.09	+4.99
Level	Major	Intermediate	Major	-	Minor	Intermediate	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	39.63	40.32	41.63	42.32	43.63	44.32	45.63
Camarilla	42.40	42.58	42.77	42.95	43.13	43.32	43.50
Woodie	39.95	40.48	41.95	42.48	43.95	44.48	45.95
Fibonacci	40.32	41.08	41.55	42.32	43.08	43.55	44.32

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.27	38.83	39.52	40.08	40.77	41.33	42.02
Camarilla	39.86	39.97	40.09	40.20	40.32	40.43	40.54
Woodie	38.33	38.86	39.58	40.11	40.83	41.36	42.08
Fibonacci	38.83	39.31	39.61	40.08	40.56	40.86	41.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.27	35.53	38.42	42.68	45.57	49.83	52.72
Camarilla	39.33	39.99	40.65	41.30	41.96	42.61	43.27
Woodie	30.58	35.19	37.73	42.34	44.88	49.49	52.03
Fibonacci	35.53	38.27	39.95	42.68	45.42	47.10	49.83

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):	58.95
MACD (12,26,9):	-0.1900
Directional Movement:	10.58
AROON (14):	35.71
DEMA (21):	40.68
Parabolic SAR (0,02-0,02-0,2):	39.52
Elder Ray (13):	0.90
Super Trend (3,10):	38.47
Zig ZAG (10):	42.95
VORTEX (21):	1.0200
Stochastique (14,3,5):	69.08
TEMA (21):	41.18
Williams %R (14):	-1.39
Chande Momentum Oscillator (20):	1.95
Repulse (5,40,3):	8.3400
ROCnROLL:	1
TRIX (15,9):	-0.2100
Courbe Coppock:	4.13

MA7:	41.09
MA20:	40.60
MA50:	42.46
MA100:	43.92
MAexp7:	41.39
MAexp20:	41.14
MAexp50:	42.18
MAexp100:	43.72
Price / MA7:	+4.53%
Price / MA20:	+5.79%
Price / MA50:	+1.15%
Price / MA100:	-2.21%
Price / MAexp7:	+3.77%
Price / MAexp20:	+4.40%
Price / MAexp50:	+1.83%
Price / MAexp100:	-1.76%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The latest news and videos published on ASCENCIO 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.

About author

Londinia AI

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