BQUE NAT. BELGIQUE - Daily - Technical analysis published on 12/27/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 500.1 EUR
My targets
540.0 EUR (+4.65%)
564.0 EUR (+9.30%)
My analysis
BQUE NAT. BELGIQUE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 500.1 EUR. The next resistance located at 540.0 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 564.0 EUR. After this resistance, buyers could then target 631.5 EUR.
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
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BQUE NAT. BELGIQUE rating is 516.0 EUR. The price registered an increase of +3.20% on the session and was between 499.0 EUR and 520.0 EUR. This implies that the price is at +3.41% from its lowest and at -0.77% from its highest.499.0
520.0
516.0
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BQUE NAT. BELGIQUE in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 451.0 | 473.0 | 500.1 | 516.0 | 540.0 | 564.0 | 631.5 |
| Change (%) | -12.60% | -8.33% | -3.08% | - | +4.65% | +9.30% | +22.38% |
| Change | -65.0 | -43.0 | -15.9 | - | +24.0 | +48.0 | +115.5 |
| Level | Minor | Minor | Major | - | Intermediate | 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 | 482.3 | 490.7 | 503.3 | 511.7 | 524.3 | 532.7 | 545.3 |
| Camarilla | 510.2 | 512.2 | 514.1 | 516.0 | 517.9 | 519.9 | 521.8 |
| Woodie | 484.5 | 491.8 | 505.5 | 512.8 | 526.5 | 533.8 | 547.5 |
| Fibonacci | 490.7 | 498.7 | 503.6 | 511.7 | 519.7 | 524.6 | 532.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 440.7 | 463.3 | 478.7 | 501.3 | 516.7 | 539.3 | 554.7 |
| Camarilla | 483.6 | 487.0 | 490.5 | 494.0 | 497.5 | 501.0 | 504.5 |
| Woodie | 437.0 | 461.5 | 475.0 | 499.5 | 513.0 | 537.5 | 551.0 |
| Fibonacci | 463.3 | 477.9 | 486.8 | 501.3 | 515.9 | 524.8 | 539.3 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 285.3 | 353.7 | 423.3 | 491.7 | 561.3 | 629.7 | 699.3 |
| Camarilla | 455.1 | 467.7 | 480.4 | 493.0 | 505.7 | 518.3 | 531.0 |
| Woodie | 286.0 | 354.0 | 424.0 | 492.0 | 562.0 | 630.0 | 700.0 |
| Fibonacci | 353.7 | 406.4 | 439.0 | 491.7 | 544.4 | 577.0 | 629.7 |
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): | 57.10 | |
| MACD (12,26,9): | 6.4000 | |
| Directional Movement: | 15.2 | |
| AROON (14): | -35.7 | |
| DEMA (21): | 511.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 524.4 | |
| Elder Ray (13): | 5.9 | |
| Super Trend (3,10): | 472.2 | |
| Zig ZAG (10): | 516.0 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 38.30 | |
| TEMA (21): | 508.9 | |
| Williams %R (14): | -44.40 | |
| Chande Momentum Oscillator (20): | -18.0 | |
| Repulse (5,40,3): | 4.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3000 | |
| Courbe Coppock: | 4.60 |
| MA7: | 499.4 | |
| MA20: | 506.8 | |
| MA50: | 471.7 | |
| MA100: | 492.4 | |
| MAexp7: | 504.3 | |
| MAexp20: | 500.7 | |
| MAexp50: | 490.2 | |
| MAexp100: | 498.7 | |
| Price / MA7: | +3.32% | |
| Price / MA20: | +1.82% | |
| Price / MA50: | +9.39% | |
| Price / MA100: | +4.79% | |
| Price / MAexp7: | +2.32% | |
| Price / MAexp20: | +3.06% | |
| Price / MAexp50: | +5.26% | |
| Price / MAexp100: | +3.47% |
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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