BQUE NAT. BELGIQUE - Daily - Technical analysis published on 11/15/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 1,052.0 EUR
My targets
877.3 EUR (-9.93%)
790.0 EUR (-18.89%)
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 1,052.0 EUR remains possible. It is advisable to trade BQUE NAT. BELGIQUE with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1,052.0 EUR. The next bearish objective for sellers is set at 877.3 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 790.0 EUR. In case of crossing, the next objective would be the support located at 652.0 EUR. PS: if there is a bullish break in the resistance located at 1,052.0 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 in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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Additional analysis
Quotes
The BQUE NAT. BELGIQUE price is 974.0 EUR. On the day, this instrument gained +12.21% with the lowest point at 890.0 EUR and the highest point at 982.0 EUR. The deviation from the price is +9.44% for the low point and -0.81% for the high point.890.0
982.0
974.0
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of BQUE NAT. BELGIQUE in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently positioned 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
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 this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 652.0 | 877.3 | 974.0 | 1,112.7 | 1,393.2 | 1,474.7 |
| Change (%) | -33.06% | -9.93% | - | +14.24% | +43.04% | +51.41% |
| Change | -322.0 | -96.7 | - | +138.7 | +419.2 | +500.7 |
| Level | Major | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 823.3 | 856.7 | 915.3 | 948.7 | 1,007.3 | 1,040.7 | 1,099.3 |
| Camarilla | 948.7 | 957.1 | 965.6 | 974.0 | 982.4 | 990.9 | 999.3 |
| Woodie | 836.0 | 863.0 | 928.0 | 955.0 | 1,020.0 | 1,047.0 | 1,112.0 |
| Fibonacci | 856.7 | 891.8 | 913.5 | 948.7 | 983.8 | 1,005.5 | 1,040.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 823.3 | 856.7 | 915.3 | 948.7 | 1,007.3 | 1,040.7 | 1,099.3 |
| Camarilla | 948.7 | 957.1 | 965.6 | 974.0 | 982.4 | 990.9 | 999.3 |
| Woodie | 836.0 | 863.0 | 928.0 | 955.0 | 1,020.0 | 1,047.0 | 1,112.0 |
| Fibonacci | 856.7 | 891.8 | 913.5 | 948.7 | 983.8 | 1,005.5 | 1,040.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 422.0 | 528.0 | 684.0 | 790.0 | 946.0 | 1,052.0 | 1,208.0 |
| Camarilla | 768.0 | 792.0 | 816.0 | 840.0 | 864.0 | 888.0 | 912.1 |
| Woodie | 447.0 | 540.5 | 709.0 | 802.5 | 971.0 | 1,064.5 | 1,233.0 |
| Fibonacci | 528.0 | 628.1 | 689.9 | 790.0 | 890.1 | 951.9 | 1,052.0 |
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): | 61.60 | |
| MACD (12,26,9): | -9.2000 | |
| Directional Movement: | 18.4 | |
| AROON (14): | 100.0 | |
| DEMA (21): | 817.9 | |
| Parabolic SAR (0,02-0,02-0,2): | 822.1 | |
| Elder Ray (13): | 81.6 | |
| Super Trend (3,10): | 800.4 | |
| Zig ZAG (10): | 974.0 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 82.20 | |
| TEMA (21): | 900.8 | |
| Williams %R (14): | -4.00 | |
| Chande Momentum Oscillator (20): | 180.0 | |
| Repulse (5,40,3): | 11.5000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6000 | |
| Courbe Coppock: | 24.70 |
| MA7: | 862.9 | |
| MA20: | 820.6 | |
| MA50: | 979.6 | |
| MA100: | 1,295.9 | |
| MAexp7: | 878.0 | |
| MAexp20: | 851.4 | |
| MAexp50: | 981.0 | |
| MAexp100: | 1,173.8 | |
| Price / MA7: | +12.88% | |
| Price / MA20: | +18.69% | |
| Price / MA50: | -0.57% | |
| Price / MA100: | -24.84% | |
| Price / MAexp7: | +10.93% | |
| Price / MAexp20: | +14.40% | |
| Price / MAexp50: | -0.71% | |
| Price / MAexp100: | -17.02% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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