BEL SMALL INDEX - 1H - Technical analysis published on 05/31/2024 (GMT)
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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
89%
0%
11%
My opinion
Bullish above 9,209.36 EUR
My targets
9,293.10 EUR (+0.45%)
9,380.11 EUR (+1.39%)
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 9,209.36 EUR. The buyers' bullish objective is set at 9,293.10 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9,380.11 EUR. If there is any crossing, the next objective would be the resistance located at 9,568.57 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
0
10
8.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BEL SMALL INDEX price is 9,251.08 EUR. The price is lower by -0.02% since the last closing and was between 9,238.12 EUR and 9,264.02 EUR. This implies that the price is at +0.14% from its lowest and at -0.14% from its highest.9,238.12
9,264.02
9,251.08
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently positioned 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,110.71 | 9,182.96 | 9,209.36 | 9,251.08 | 9,259.02 | 9,293.10 | 9,380.11 |
| Change (%) | -1.52% | -0.74% | -0.45% | - | +0.09% | +0.45% | +1.39% |
| Change | -140.37 | -68.12 | -41.72 | - | +7.94 | +42.02 | +129.03 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,078.25 | 9,113.19 | 9,183.05 | 9,217.99 | 9,287.85 | 9,322.79 | 9,392.65 |
| Camarilla | 9,224.10 | 9,233.71 | 9,243.31 | 9,252.92 | 9,262.53 | 9,272.13 | 9,281.74 |
| Woodie | 9,095.72 | 9,121.92 | 9,200.52 | 9,226.72 | 9,305.32 | 9,331.52 | 9,410.12 |
| Fibonacci | 9,113.19 | 9,153.22 | 9,177.95 | 9,217.99 | 9,258.02 | 9,282.75 | 9,322.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,785.29 | 8,909.60 | 9,010.38 | 9,134.69 | 9,235.47 | 9,359.78 | 9,460.56 |
| Camarilla | 9,049.27 | 9,069.90 | 9,090.54 | 9,111.17 | 9,131.80 | 9,152.44 | 9,173.07 |
| Woodie | 8,773.54 | 8,903.72 | 8,998.63 | 9,128.81 | 9,223.72 | 9,353.90 | 9,448.81 |
| Fibonacci | 8,909.60 | 8,995.58 | 9,048.70 | 9,134.69 | 9,220.67 | 9,273.79 | 9,359.78 |
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): | 60.12 | |
| MACD (12,26,9): | 14.1500 | |
| Directional Movement: | 13.02 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 9,227.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,189.18 | |
| Elder Ray (13): | 25.04 | |
| Super Trend (3,10): | 9,165.98 | |
| Zig ZAG (10): | 9,247.10 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 93.03 | |
| TEMA (21): | 9,237.12 | |
| Williams %R (14): | -3.81 | |
| Chande Momentum Oscillator (20): | 106.42 | |
| Repulse (5,40,3): | 0.4300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.39 |
| MA7: | 9,198.28 | |
| MA20: | 9,149.58 | |
| MA50: | 9,150.63 | |
| MA100: | 9,059.76 | |
| MAexp7: | 9,233.40 | |
| MAexp20: | 9,211.82 | |
| MAexp50: | 9,191.96 | |
| MAexp100: | 9,167.32 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | +1.10% | |
| Price / MA100: | +2.11% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +0.91% |
Quotes :
-
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.
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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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