BASIC-FIT

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	BFIT
ISIN:	NL0011872650

BASIC-FIT - Daily - Technical analysis published on 12/19/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 31.64 EUR

My targets

34.50 EUR (+5.50%)

36.30 EUR (+11.01%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BASIC-FIT as long as the price remains well above 31.64 EUR. The buyers” bullish objective is set at 34.50 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 36.30 EUR. If there is any crossing, the next objective would be the resistance located at 39.45 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

7.5

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BASIC-FIT rating 32.70 EUR. The price is lower by -1.21% since the last closing and was between 32.70 EUR and 33.10 EUR. This implies that the price is at 0% from its lowest and at -1.21% from its highest.

32.70

33.10

32.70

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BASIC-FIT:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BASIC-FIT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	30.53	31.64	32.52	32.70
Change (%)	-6.64%	-3.24%	-0.55%	-
Change	-2.17	-1.06	-0.18	-
Level	Major	Major	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	31.82	32.13	32.62	32.93	33.42	33.73	34.22
Camarilla	32.88	32.95	33.03	33.10	33.17	33.25	33.32
Woodie	31.90	32.18	32.70	32.98	33.50	33.78	34.30
Fibonacci	32.13	32.44	32.63	32.93	33.24	33.43	33.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.90	30.70	31.35	32.15	32.80	33.60	34.25
Camarilla	31.60	31.73	31.87	32.00	32.13	32.27	32.40
Woodie	29.83	30.66	31.28	32.11	32.73	33.56	34.18
Fibonacci	30.70	31.25	31.60	32.15	32.70	33.05	33.60

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.60	26.40	29.55	31.35	34.50	36.30	39.45
Camarilla	31.34	31.79	32.25	32.70	33.15	33.61	34.06
Woodie	25.28	26.74	30.23	31.69	35.18	36.64	40.13
Fibonacci	26.40	28.29	29.46	31.35	33.24	34.41	36.30

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	61.12
MACD (12,26,9):	0.5000
Directional Movement:	11.18
AROON (14):	35.72
DEMA (21):	32.84
Parabolic SAR (0,02-0,02-0,2):	31.53
Elder Ray (13):	0.55
Super Trend (3,10):	31.16
Zig ZAG (10):	32.70
VORTEX (21):	1.0600
Stochastique (14,3,5):	77.34
TEMA (21):	32.79
Williams %R (14):	-20.00
Chande Momentum Oscillator (20):	0.75
Repulse (5,40,3):	0.8300
ROCnROLL:	1
TRIX (15,9):	0.2800
Courbe Coppock:	1.35

MA7:	32.34
MA20:	32.35
MA50:	30.58
MA100:	29.61
MAexp7:	32.55
MAexp20:	32.12
MAexp50:	31.11
MAexp100:	30.33
Price / MA7:	+1.11%
Price / MA20:	+1.08%
Price / MA50:	+6.93%
Price / MA100:	+10.44%
Price / MAexp7:	+0.46%
Price / MAexp20:	+1.81%
Price / MAexp50:	+5.11%
Price / MAexp100:	+7.81%

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

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