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ATENOR
ATENOR
- EUR (-)
- 15 min delayed data - Euronext Bruxelles
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ATEB
ISIN: BE0003837540

ATENOR - 1H - Technical analysis published on 02/13/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 6.60 EUR
My targets
6.76 EUR (+0.90%)
6.84 EUR (+2.09%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on ATENOR as long as the price remains well above 6.60 EUR. The buyers' bullish objective is set at 6.76 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.84 EUR. If there is any crossing, the next objective would be the resistance located at 6.92 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
0
10
6.4

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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Daily Weekly

Additional analysis

Quotes

The ATENOR rating is 6.70 EUR. The price has increased by +5.35% since the last closing and was traded between 6.40 EUR and 6.76 EUR over the period. The price is currently at +4.69% from its lowest and -0.89% from its highest.

6.40
6.76
6.70

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of ATENOR in 1H shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


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.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.46 6.60 6.68 6.70 6.76 6.84 6.92
Change (%) -3.58% -1.49% -0.30% - +0.90% +2.09% +3.28%
Change -0.24 -0.10 -0.02 - +0.06 +0.14 +0.22
Level Minor Minor Intermediate - Minor Intermediate Minor



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
Standard6.126.266.486.626.846.987.20
Camarilla6.606.636.676.706.736.776.80
Woodie6.166.286.526.646.887.007.24
Fibonacci6.266.406.486.626.766.846.98


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.126.266.486.626.846.987.20
Camarilla6.606.636.676.706.736.776.80
Woodie6.166.286.526.646.887.007.24
Fibonacci6.266.406.486.626.766.846.98


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.455.375.996.917.538.459.07
Camarilla6.186.326.466.606.746.887.02
Woodie4.295.305.836.847.378.388.91
Fibonacci5.375.966.336.917.507.878.45

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): 64.16
MACD (12,26,9): 0.0800
Directional Movement: 33.87
AROON (14): 78.57
DEMA (21): 6.61
Parabolic SAR (0,02-0,02-0,2): 6.41
Elder Ray (13): 0.12
Super Trend (3,10): 6.50
Zig ZAG (10): 6.70
VORTEX (21): 1.0500
Stochastique (14,3,5): 91.29
TEMA (21): 6.70
Williams %R (14): -12.50
Chande Momentum Oscillator (20): 0.42
Repulse (5,40,3): 1.8300
ROCnROLL: 1
TRIX (15,9): 0.0800
Courbe Coppock: 9.38
MA7: 6.53
MA20: 6.55
MA50: 6.38
MA100: 8.77
MAexp7: 6.65
MAexp20: 6.53
MAexp50: 6.50
MAexp100: 6.53
Price / MA7: +2.60%
Price / MA20: +2.29%
Price / MA50: +5.02%
Price / MA100: -23.60%
Price / MAexp7: +0.75%
Price / MAexp20: +2.60%
Price / MAexp50: +3.08%
Price / MAexp100: +2.60%

Quotes : - 15 min delayed data - Euronext Bruxelles

News


The last news published on ATENOR at the time of the generation of this analysis was as follows:

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

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