BEL SMALL INDEX - 1H - Technical analysis published on 08/12/2024 (GMT)
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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
67%
0%
33%
My opinion
Bullish above 8,635.93 EUR
My targets
8,806.98 EUR (+0.77%)
8,905.73 EUR (+1.90%)
My analysis
The bullish trend is currently very strong on BEL SMALL INDEX. As long as the price remains above the support at 8,635.93 EUR, you could try to benefit from the boom. The first bullish objective is located at 8,806.98 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8,905.73 EUR as an objective. Crossing it would then enable buyers to target 9,182.97 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
7.5
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
The BEL SMALL INDEX rating is 8,739.31 EUR. The price has increased by +1.17% since the last closing and was traded between 8,674.63 EUR and 8,745.98 EUR over the period. The price is currently at +0.75% from its lowest and -0.08% from its highest.8,674.63
8,745.98
8,739.31
Here is a more detailed summary of the historical variations registered by BEL SMALL INDEX:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BEL SMALL INDEX chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported 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, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
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 2
Type : Neutral
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,592.75 | 8,635.93 | 8,719.68 | 8,739.31 | 8,806.98 | 8,905.73 | 9,182.97 |
| Change (%) | -1.68% | -1.18% | -0.22% | - | +0.77% | +1.90% | +5.08% |
| Change | -146.56 | -103.38 | -19.63 | - | +67.67 | +166.42 | +443.66 |
| Level | Major | Minor | Major | - | Minor | Minor | 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 | 8,533.74 | 8,581.84 | 8,609.92 | 8,658.02 | 8,686.10 | 8,734.20 | 8,762.28 |
| Camarilla | 8,617.04 | 8,624.02 | 8,631.01 | 8,637.99 | 8,644.97 | 8,651.96 | 8,658.94 |
| Woodie | 8,523.72 | 8,576.84 | 8,599.90 | 8,653.02 | 8,676.08 | 8,729.20 | 8,752.26 |
| Fibonacci | 8,581.84 | 8,610.94 | 8,628.92 | 8,658.02 | 8,687.12 | 8,705.10 | 8,734.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,961.62 | 8,124.15 | 8,381.07 | 8,543.60 | 8,800.52 | 8,963.05 | 9,219.97 |
| Camarilla | 8,522.64 | 8,561.09 | 8,599.54 | 8,637.99 | 8,676.44 | 8,714.89 | 8,753.34 |
| Woodie | 8,008.82 | 8,147.75 | 8,428.27 | 8,567.20 | 8,847.72 | 8,986.65 | 9,267.17 |
| Fibonacci | 8,124.15 | 8,284.38 | 8,383.37 | 8,543.60 | 8,703.83 | 8,802.82 | 8,963.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,327.03 | 8,455.36 | 8,582.83 | 8,711.16 | 8,838.63 | 8,966.96 | 9,094.43 |
| Camarilla | 8,639.96 | 8,663.40 | 8,686.85 | 8,710.30 | 8,733.75 | 8,757.20 | 8,780.65 |
| Woodie | 8,326.60 | 8,455.15 | 8,582.40 | 8,710.95 | 8,838.20 | 8,966.75 | 9,094.00 |
| Fibonacci | 8,455.36 | 8,553.08 | 8,613.44 | 8,711.16 | 8,808.88 | 8,869.24 | 8,966.96 |
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): | 70.33 | |
| MACD (12,26,9): | 40.4500 | |
| Directional Movement: | 19.85 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 8,714.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,641.78 | |
| Elder Ray (13): | 48.50 | |
| Super Trend (3,10): | 8,649.91 | |
| Zig ZAG (10): | 8,730.96 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 91.61 | |
| TEMA (21): | 8,740.69 | |
| Williams %R (14): | -11.08 | |
| Chande Momentum Oscillator (20): | 34.31 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.78 |
| MA7: | 8,580.22 | |
| MA20: | 8,667.73 | |
| MA50: | 8,780.12 | |
| MA100: | 8,966.01 | |
| MAexp7: | 8,713.97 | |
| MAexp20: | 8,662.53 | |
| MAexp50: | 8,618.78 | |
| MAexp100: | 8,621.67 | |
| Price / MA7: | +1.85% | |
| Price / MA20: | +0.83% | |
| Price / MA50: | -0.46% | |
| Price / MA100: | -2.53% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.89% | |
| Price / MAexp50: | +1.40% | |
| Price / MAexp100: | +1.36% |
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.
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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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