VGP

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	VGP
ISIN:	BE0003878957

VGP - Daily - Technical analysis published on 11/03/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

50%

11%

39%

My opinion

Bearish under 86.69 EUR

My targets

75.06 EUR (-8.41%)

64.52 EUR (-21.27%)

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 86.69 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 86.69 EUR. The next bearish objective for sellers is set at 75.06 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 64.52 EUR. In case of crossing, the next objective would be the support located at 15.91 EUR. PS: if there is a bullish break in the resistance located at 86.69 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.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

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 VGP price is 81.95 EUR. On the day, this instrument gained +6.98% and was traded between 77.15 EUR and 83.05 EUR over the period. The price is currently at +6.22% from its lowest and -1.32% from its highest.

77.15

83.05

81.95

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

Here is a more detailed summary of the historical variations registered by VGP:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this VGP chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. 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

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15.91	64.52	75.06	81.95	82.30	86.69	90.31
Change (%)	-80.59%	-21.27%	-8.41%	-	+0.43%	+5.78%	+10.20%
Change	-66.04	-17.43	-6.89	-	+0.35	+4.74	+8.36
Level	Minor	Major	Major	-	Major	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.48	74.82	78.38	80.72	84.28	86.62	90.18
Camarilla	80.33	80.87	81.41	81.95	82.49	83.03	83.57
Woodie	73.10	75.13	79.00	81.03	84.90	86.93	90.80
Fibonacci	74.82	77.07	78.46	80.72	82.97	84.36	86.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	69.07	71.08	72.97	74.98	76.87	78.88	80.77
Camarilla	73.78	74.14	74.49	74.85	75.21	75.57	75.92
Woodie	69.00	71.05	72.90	74.95	76.80	78.85	80.70
Fibonacci	71.08	72.57	73.49	74.98	76.47	77.39	78.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	54.53	63.82	70.28	79.57	86.03	95.32	101.78
Camarilla	72.42	73.86	75.31	76.75	78.19	79.64	81.08
Woodie	53.13	63.11	68.88	78.86	84.63	94.61	100.38
Fibonacci	63.82	69.83	73.55	79.57	85.58	89.30	95.32

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):	54.68
MACD (12,26,9):	-2.3400
Directional Movement:	8.29
AROON (14):	-64.29
DEMA (21):	75.57
Parabolic SAR (0,02-0,02-0,2):	73.10
Elder Ray (13):	2.26
Super Trend (3,10):	71.85
Zig ZAG (10):	81.95
VORTEX (21):	0.8700
Stochastique (14,3,5):	50.35
TEMA (21):	75.71
Williams %R (14):	-11.06
Chande Momentum Oscillator (20):	1.35
Repulse (5,40,3):	8.8600
ROCnROLL:	-1
TRIX (15,9):	-0.5200
Courbe Coppock:	12.85

MA7:	76.26
MA20:	78.71
MA50:	85.12
MA100:	89.41
MAexp7:	77.55
MAexp20:	78.98
MAexp50:	83.52
MAexp100:	86.46
Price / MA7:	+7.46%
Price / MA20:	+4.12%
Price / MA50:	-3.72%
Price / MA100:	-8.34%
Price / MAexp7:	+5.67%
Price / MAexp20:	+3.76%
Price / MAexp50:	-1.88%
Price / MAexp100:	-5.22%

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:

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

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