BEL SMALL INDEX - 1H - Technical analysis published on 03/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 11,376.90 EUR
My targets
11,508.10 EUR (+0.36%)
11,623.90 EUR (+1.37%)
My analysis
BEL SMALL INDEX 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 11,376.90 EUR. The next resistance located at 11,508.10 EUR is the next bullish objective 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 11,623.90 EUR. After this resistance, buyers could then target 11,689.20 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.1
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Additional analysis
Quotes
BEL SMALL INDEX rating 11,466.88 EUR. The price is lower by -0.34% since the last closing and was traded between 11,413.12 EUR and 11,511.84 EUR over the period. The price is currently at +0.47% from its lowest and -0.39% from its highest.11,413.12
11,511.84
11,466.88
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
Here is a more detailed summary of the historical variations registered by BEL SMALL INDEX:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BEL SMALL INDEX in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 10 are neutral and 3 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,292.50 | 11,376.90 | 11,440.50 | 11,466.88 | 11,508.10 | 11,623.90 | 11,689.20 |
| Change (%) | -1.52% | -0.78% | -0.23% | - | +0.36% | +1.37% | +1.94% |
| Change | -174.38 | -89.98 | -26.38 | - | +41.22 | +157.02 | +222.32 |
| Level | Major | Intermediate | Minor | - | Intermediate | 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 | 11,317.33 | 11,365.23 | 11,416.05 | 11,463.95 | 11,514.77 | 11,562.67 | 11,613.49 |
| Camarilla | 11,439.73 | 11,448.78 | 11,457.83 | 11,466.88 | 11,475.93 | 11,484.98 | 11,494.03 |
| Woodie | 11,318.80 | 11,365.96 | 11,417.52 | 11,464.68 | 11,516.24 | 11,563.40 | 11,614.96 |
| Fibonacci | 11,365.23 | 11,402.94 | 11,426.24 | 11,463.95 | 11,501.66 | 11,524.96 | 11,562.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,984.85 | 11,096.31 | 11,252.34 | 11,363.80 | 11,519.83 | 11,631.29 | 11,787.32 |
| Camarilla | 11,334.82 | 11,359.34 | 11,383.86 | 11,408.38 | 11,432.90 | 11,457.42 | 11,481.94 |
| Woodie | 11,007.15 | 11,107.45 | 11,274.64 | 11,374.94 | 11,542.13 | 11,642.43 | 11,809.62 |
| Fibonacci | 11,096.31 | 11,198.49 | 11,261.62 | 11,363.80 | 11,465.98 | 11,529.11 | 11,631.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,236.51 | 11,416.05 | 11,578.61 | 11,758.15 | 11,920.71 | 12,100.25 | 12,262.81 |
| Camarilla | 11,647.10 | 11,678.46 | 11,709.82 | 11,741.18 | 11,772.54 | 11,803.90 | 11,835.26 |
| Woodie | 11,228.03 | 11,411.81 | 11,570.13 | 11,753.91 | 11,912.23 | 12,096.01 | 12,254.33 |
| Fibonacci | 11,416.05 | 11,546.73 | 11,627.46 | 11,758.15 | 11,888.83 | 11,969.56 | 12,100.25 |
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): | 50.76 | |
| MACD (12,26,9): | 5.0000 | |
| Directional Movement: | -6.06 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 11,473.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,524.60 | |
| Elder Ray (13): | -9.67 | |
| Super Trend (3,10): | 11,387.16 | |
| Zig ZAG (10): | 11,466.88 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 41.56 | |
| TEMA (21): | 11,469.40 | |
| Williams %R (14): | -52.60 | |
| Chande Momentum Oscillator (20): | 19.42 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.25 |
| MA7: | 11,443.30 | |
| MA20: | 11,493.45 | |
| MA50: | 11,662.96 | |
| MA100: | 11,684.72 | |
| MAexp7: | 11,466.51 | |
| MAexp20: | 11,465.50 | |
| MAexp50: | 11,450.80 | |
| MAexp100: | 11,453.94 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | -1.68% | |
| Price / MA100: | -1.86% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.11% |
Quotes :
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15 min delayed data
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Euronext Indices
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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