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 05/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 9,110.71 EUR

My targets

9,370.70 EUR (+2.01%)

9,568.57 EUR (+4.16%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BEL SMALL INDEX as long as the price remains well above 9,110.71 EUR. The buyers' bullish objective is set at 9,370.70 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9,568.57 EUR. If there is any crossing, the next objective would be the resistance located at 9,801.40 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

7.7

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 9,186.00 EUR. The price has increased by +1.78% since the last closing and was between 9,064.13 EUR and 9,212.23 EUR. This implies that the price is at +1.34% from its lowest and at -0.28% from its highest.

9,064.13

9,212.23

9,186.00

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

Here is a more detailed summary of the historical variations registered by BEL SMALL INDEX:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of BEL SMALL INDEX in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9,046.54	9,110.71	9,181.06	9,186.00	9,370.70	9,568.57	9,801.40
Change (%)	-1.52%	-0.82%	-0.05%	-	+2.01%	+4.16%	+6.70%
Change	-139.46	-75.29	-4.94	-	+184.70	+382.57	+615.40
Level	Intermediate	Minor	Major	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8,910.12	8,948.16	8,986.97	9,025.01	9,063.82	9,101.86	9,140.67
Camarilla	9,004.65	9,011.69	9,018.74	9,025.78	9,032.83	9,039.87	9,046.91
Woodie	8,910.51	8,948.35	8,987.36	9,025.20	9,064.21	9,102.05	9,141.06
Fibonacci	8,948.16	8,977.52	8,995.65	9,025.01	9,054.37	9,072.50	9,101.86

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8,856.25	8,939.32	9,043.23	9,126.30	9,230.21	9,313.28	9,417.19
Camarilla	9,095.73	9,112.87	9,130.01	9,147.15	9,164.29	9,181.43	9,198.57
Woodie	8,866.68	8,944.53	9,053.66	9,131.51	9,240.64	9,318.49	9,427.62
Fibonacci	8,939.32	9,010.74	9,054.87	9,126.30	9,197.72	9,241.85	9,313.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8,176.54	8,514.59	8,769.78	9,107.83	9,363.02	9,701.07	9,956.26
Camarilla	8,861.83	8,916.21	8,970.59	9,024.97	9,079.35	9,133.73	9,188.11
Woodie	8,135.11	8,493.88	8,728.35	9,087.12	9,321.59	9,680.36	9,914.83
Fibonacci	8,514.59	8,741.21	8,881.21	9,107.83	9,334.45	9,474.45	9,701.07

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):	65.41
MACD (12,26,9):	11.8000
Directional Movement:	23.11
AROON (14):	57.14
DEMA (21):	9,111.83
Parabolic SAR (0,02-0,02-0,2):	9,020.09
Elder Ray (13):	78.65
Super Trend (3,10):	9,077.58
Zig ZAG (10):	9,212.23
VORTEX (21):	1.0800
Stochastique (14,3,5):	90.45
TEMA (21):	9,126.66
Williams %R (14):	-9.29
Chande Momentum Oscillator (20):	171.17
Repulse (5,40,3):	0.6900
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.97

MA7:	9,123.75
MA20:	9,043.90
MA50:	9,124.90
MA100:	9,045.62
MAexp7:	9,140.61
MAexp20:	9,105.55
MAexp50:	9,101.72
MAexp100:	9,092.87
Price / MA7:	+0.68%
Price / MA20:	+1.57%
Price / MA50:	+0.67%
Price / MA100:	+1.55%
Price / MAexp7:	+0.50%
Price / MAexp20:	+0.88%
Price / MAexp50:	+0.93%
Price / MAexp100:	+1.02%

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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Londinia AI

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