VGP

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	VGP
ISIN:	BE0003878957

VGP - 1H - Technical analysis published on 01/11/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 104.99 EUR

My targets

106.80 EUR (+0.95%)

113.80 EUR (+7.56%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VGP as long as the price remains well above 104.99 EUR. The buyers' bullish objective is set at 106.80 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 113.80 EUR. If there is any crossing, the next objective would be the resistance located at 185.61 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

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

Additional analysis

Quotes

VGP rating 105.80 EUR. The price registered an increase of +3.52% on the session with the lowest point at 102.50 EUR and the highest point at 107.40 EUR. The deviation from the price is +3.22% for the low point and -1.49% for the high point.

102.50

107.40

105.80

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of VGP in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	101.00	103.35	104.99	105.80	106.80	185.61	217.52
Change (%)	-4.54%	-2.32%	-0.77%	-	+0.95%	+75.43%	+105.60%
Change	-4.80	-2.45	-0.81	-	+1.00	+79.81	+111.72
Level	Major	Intermediate	Intermediate	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	98.17	100.33	103.07	105.23	107.97	110.13	112.87
Camarilla	104.45	104.90	105.35	105.80	106.25	106.70	107.15
Woodie	98.45	100.48	103.35	105.38	108.25	110.28	113.15
Fibonacci	100.33	102.21	103.36	105.23	107.11	108.26	110.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	89.65	94.70	97.70	102.75	105.75	110.80	113.80
Camarilla	98.49	99.22	99.96	100.70	101.44	102.18	102.91
Woodie	88.63	94.19	96.68	102.24	104.73	110.29	112.78
Fibonacci	94.70	97.78	99.68	102.75	105.83	107.73	110.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	79.72	86.13	95.57	101.98	111.42	117.83	127.27
Camarilla	100.64	102.09	103.55	105.00	106.45	107.91	109.36
Woodie	81.23	86.89	97.08	102.74	112.93	118.59	128.78
Fibonacci	86.13	92.19	95.93	101.98	108.04	111.78	117.83

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):	63.47
MACD (12,26,9):	1.1700
Directional Movement:	16.15
AROON (14):	64.28
DEMA (21):	105.83
Parabolic SAR (0,02-0,02-0,2):	104.51
Elder Ray (13):	1.03
Super Trend (3,10):	104.32
Zig ZAG (10):	105.80
VORTEX (21):	1.1300
Stochastique (14,3,5):	83.07
TEMA (21):	106.78
Williams %R (14):	-25.40
Chande Momentum Oscillator (20):	2.90
Repulse (5,40,3):	-0.3700
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	6.70

MA7:	102.71
MA20:	102.62
MA50:	93.49
MA100:	89.88
MAexp7:	105.88
MAexp20:	104.45
MAexp50:	103.49
MAexp100:	103.14
Price / MA7:	+3.01%
Price / MA20:	+3.10%
Price / MA50:	+13.17%
Price / MA100:	+17.71%
Price / MAexp7:	-0.08%
Price / MAexp20:	+1.29%
Price / MAexp50:	+2.23%
Price / MAexp100:	+2.58%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The last news published on VGP at the time of the generation of this analysis was as follows:

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

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