VGP - 1H - Technical analysis published on 03/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 82.9 EUR
My targets
79.3 EUR (-1.49%)
77.6 EUR (-3.60%)
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 82.9 EUR remains possible. It is advisable to trade VGP with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 82.9 EUR. The next bearish objective for sellers is set at 79.3 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 77.6 EUR. In case of crossing, the next objective would be the support located at 76.1 EUR. PS: if there is a bullish break in the resistance located at 82.9 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
0.4
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Additional analysis
Quotes
VGP rating 80.5 EUR. On the day, this instrument gained +2.03% and was traded between 76.1 EUR and 81.0 EUR over the period. The price is currently at +5.78% from its lowest and -0.62% from its highest.76.1
81.0
80.5
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this VGP chart shows a bearish trend. 71.43% 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 does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 76.1 | 77.6 | 79.3 | 80.5 | 82.9 | 84.8 | 86.3 |
| Change (%) | -5.47% | -3.60% | -1.49% | - | +2.98% | +5.34% | +7.20% |
| Change | -4.4 | -2.9 | -1.2 | - | +2.4 | +4.3 | +5.8 |
| Level | Major | Minor | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.5 | 74.3 | 77.4 | 79.2 | 82.3 | 84.1 | 87.2 |
| Camarilla | 79.2 | 79.6 | 80.1 | 80.5 | 81.0 | 81.4 | 81.9 |
| Woodie | 73.2 | 74.6 | 78.1 | 79.5 | 83.0 | 84.4 | 87.9 |
| Fibonacci | 74.3 | 76.2 | 77.3 | 79.2 | 81.1 | 82.2 | 84.1 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.5 | 74.3 | 77.4 | 79.2 | 82.3 | 84.1 | 87.2 |
| Camarilla | 79.2 | 79.6 | 80.1 | 80.5 | 81.0 | 81.4 | 81.9 |
| Woodie | 73.2 | 74.6 | 78.1 | 79.5 | 83.0 | 84.4 | 87.9 |
| Fibonacci | 74.3 | 76.2 | 77.3 | 79.2 | 81.1 | 82.2 | 84.1 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.5 | 70.5 | 77.8 | 89.8 | 97.1 | 109.1 | 116.4 |
| Camarilla | 79.8 | 81.6 | 83.3 | 85.1 | 86.9 | 88.6 | 90.4 |
| Woodie | 56.2 | 69.3 | 75.5 | 88.6 | 94.8 | 107.9 | 114.1 |
| Fibonacci | 70.5 | 77.9 | 82.4 | 89.8 | 97.2 | 101.7 | 109.1 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.70 | |
| MACD (12,26,9): | -0.6000 | |
| Directional Movement: | -0.9 | |
| AROON (14): | 42.9 | |
| DEMA (21): | 78.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.4 | |
| Elder Ray (13): | 1.6 | |
| Super Trend (3,10): | 77.6 | |
| Zig ZAG (10): | 80.5 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 92.50 | |
| TEMA (21): | 78.7 | |
| Williams %R (14): | -10.20 | |
| Chande Momentum Oscillator (20): | 1.3 | |
| Repulse (5,40,3): | 1.8000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 82.9 | |
| MA20: | 86.0 | |
| MA50: | 88.8 | |
| MA100: | 83.0 | |
| MAexp7: | 79.2 | |
| MAexp20: | 79.2 | |
| MAexp50: | 81.1 | |
| MAexp100: | 83.2 | |
| Price / MA7: | -2.90% | |
| Price / MA20: | -6.40% | |
| Price / MA50: | -9.35% | |
| Price / MA100: | -3.01% | |
| Price / MAexp7: | +1.64% | |
| Price / MAexp20: | +1.64% | |
| Price / MAexp50: | -0.74% | |
| Price / MAexp100: | -3.25% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on VGP. At the time of publication of this analysis, the latest news was as follows:
- VGP NV: Voting Rights and Denominator
- VGP NV: Financial Result for FY2022
- VGP Announces Audio Webcast to Review 2022 Financial Results
- VGP Completes Latest Development at Flagship Nijmegen Logistics Park
- VGP Announces Signing of Joint Venture Closing and Joint Venture Lifetime Extension by 10 Years
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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