BEL SMALL INDEX

- EUR (-)

- 15 min delayed data - Euronext Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	BELS
ISIN:	BE0389857146

BEL SMALL INDEX - 1H - Technical analysis published on 02/09/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

83%

11%

My opinion

Bullish above 8,946.68 EUR

My targets

9,072.13 EUR (+0.99%)

9,183.39 EUR (+2.23%)

My analysis

BEL SMALL INDEX is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 8,946.68 EUR, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 9,072.13 EUR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 9,183.39 EUR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 9,295.69 EUR. Beware of a possible return to under the support located at 8,946.68 EUR which would be the sign of a correction of the bullish excesses registered in the short term.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.4

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

BEL SMALL INDEX rating 8,983.22 EUR. The price registered an increase of +1.36% on the session with the lowest point at 8,899.78 EUR and the highest point at 8,995.76 EUR. The deviation from the price is +0.94% for the low point and -0.14% for the high point.

8,899.78

8,995.76

8,983.22

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of BEL SMALL INDEX indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals 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, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8,746.92	8,810.97	8,946.68	8,983.22	9,072.13	9,183.39	9,295.69
Change (%)	-2.63%	-1.92%	-0.41%	-	+0.99%	+2.23%	+3.48%
Change	-236.30	-172.25	-36.54	-	+88.91	+200.17	+312.47
Level	Major	Intermediate	Intermediate	-	Minor	Major	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	8,662.13	8,717.93	8,790.29	8,846.09	8,918.45	8,974.25	9,046.61
Camarilla	8,827.40	8,839.14	8,850.89	8,862.64	8,874.39	8,886.14	8,897.88
Woodie	8,670.40	8,722.07	8,798.56	8,850.23	8,926.72	8,978.39	9,054.88
Fibonacci	8,717.93	8,766.89	8,797.14	8,846.09	8,895.05	8,925.30	8,974.25

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8,558.54	8,744.32	8,924.14	9,109.92	9,289.74	9,475.52	9,655.34
Camarilla	9,003.43	9,036.94	9,070.46	9,103.97	9,137.48	9,171.00	9,204.51
Woodie	8,555.57	8,742.83	8,921.17	9,108.43	9,286.77	9,474.03	9,652.37
Fibonacci	8,744.32	8,883.98	8,970.26	9,109.92	9,249.58	9,335.86	9,475.52

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7,830.47	8,173.97	8,608.68	8,952.18	9,386.89	9,730.39	10,165.10
Camarilla	8,829.37	8,900.71	8,972.04	9,043.38	9,114.72	9,186.05	9,257.39
Woodie	7,876.07	8,196.77	8,654.28	8,974.98	9,432.49	9,753.19	10,210.70
Fibonacci	8,173.97	8,471.25	8,654.91	8,952.18	9,249.46	9,433.12	9,730.39

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):	61.39
MACD (12,26,9):	17.7600
Directional Movement:	12.47
AROON (14):	78.57
DEMA (21):	8,937.61
Parabolic SAR (0,02-0,02-0,2):	8,947.33
Elder Ray (13):	50.65
Super Trend (3,10):	8,878.61
Zig ZAG (10):	8,984.38
VORTEX (21):	1.2500
Stochastique (14,3,5):	87.08
TEMA (21):	8,981.71
Williams %R (14):	-6.63
Chande Momentum Oscillator (20):	98.05
Repulse (5,40,3):	0.2100
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	3.01

MA7:	8,969.00
MA20:	8,843.94
MA50:	8,882.87
MA100:	8,810.88
MAexp7:	8,962.40
MAexp20:	8,915.51
MAexp50:	8,928.82
MAexp100:	8,932.83
Price / MA7:	+0.16%
Price / MA20:	+1.57%
Price / MA50:	+1.13%
Price / MA100:	+1.96%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.76%
Price / MAexp50:	+0.61%
Price / MAexp100:	+0.56%

Quotes : - 15 min delayed data - Euronext Indices

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

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