ATENOR

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ATEB
ISIN:	BE0003837540

ATENOR - Daily - Technical analysis published on 03/04/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

39%

28%

33%

My opinion

Bearish under 6.91 EUR

My targets

5.73 EUR (-11.80%)

5.16 EUR (-20.62%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 6.91 EUR remains possible. It is advisable to trade ATENOR with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 6.91 EUR. The next bearish objective for sellers is set at 5.73 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.16 EUR. PS: if there is a bullish break in the resistance located at 6.91 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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

Force

2.1

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.

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Additional analysis

Quotes

The ATENOR price is 6.50 EUR. On the day, this instrument gained +5.52% with the lowest point at 6.16 EUR and the highest point at 6.60 EUR. The deviation from the price is +5.52% for the low point and -1.52% for the high point.

6.16

6.60

6.50

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

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of ATENOR in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	5.16	6.50	14.10	19.34	24.00
Change (%)	-20.62%	-	+116.92%	+197.54%	+269.23%
Change	-1.34	-	+7.60	+12.84	+17.50
Level	Major	-	Minor	Minor	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	5.80	5.98	6.24	6.42	6.68	6.86	7.12
Camarilla	6.38	6.42	6.46	6.50	6.54	6.58	6.62
Woodie	5.84	6.00	6.28	6.44	6.72	6.88	7.16
Fibonacci	5.98	6.15	6.25	6.42	6.59	6.69	6.86

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.43	5.83	6.11	6.51	6.79	7.19	7.47
Camarilla	6.21	6.28	6.34	6.40	6.46	6.53	6.59
Woodie	5.38	5.80	6.06	6.48	6.74	7.16	7.42
Fibonacci	5.83	6.09	6.25	6.51	6.77	6.93	7.19

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.55	5.31	5.73	6.49	6.91	7.67	8.09
Camarilla	5.84	5.94	6.05	6.16	6.27	6.38	6.49
Woodie	4.39	5.23	5.57	6.41	6.75	7.59	7.93
Fibonacci	5.31	5.76	6.04	6.49	6.94	7.22	7.67

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):	50.17
MACD (12,26,9):	-0.0900
Directional Movement:	4.32
AROON (14):	-64.29
DEMA (21):	6.35
Parabolic SAR (0,02-0,02-0,2):	6.75
Elder Ray (13):	-0.03
Super Trend (3,10):	6.88
Zig ZAG (10):	6.50
VORTEX (21):	0.9300
Stochastique (14,3,5):	18.76
TEMA (21):	6.34
Williams %R (14):	-62.71
Chande Momentum Oscillator (20):	-0.26
Repulse (5,40,3):	5.1500
ROCnROLL:	-1
TRIX (15,9):	-0.1200
Courbe Coppock:	7.69

MA7:	6.32
MA20:	6.48
MA50:	6.61
MA100:	7.94
MAexp7:	6.35
MAexp20:	6.45
MAexp50:	6.86
MAexp100:	9.29
Price / MA7:	+2.85%
Price / MA20:	+0.31%
Price / MA50:	-1.66%
Price / MA100:	-18.14%
Price / MAexp7:	+2.36%
Price / MAexp20:	+0.78%
Price / MAexp50:	-5.25%
Price / MAexp100:	-30.03%

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:

ATENOR

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

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