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 09/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

44%

50%

My opinion

Bearish under 8,853.08 EUR

My targets

8,758.54 EUR (-0.35%)

8,587.14 EUR (-2.30%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BEL SMALL INDEX. As long as you are under the resistance located at 8,853.08 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 8,758.54 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 8,587.14 EUR as an objective. Crossing it would then enable sellers to target 8,387.63 EUR. If the resistance 8,853.08 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.3

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

The BEL SMALL INDEX rating is 8,788.92 EUR. On the day, this instrument lost -0.01% and was between 8,770.67 EUR and 8,811.82 EUR. This implies that the price is at +0.21% from its lowest and at -0.26% from its highest.

8,770.67

8,811.82

8,788.92

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BEL SMALL INDEX in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8,741.63	8,758.54	8,788.65	8,788.92	8,806.55	8,853.08	8,905.73
Change (%)	-0.54%	-0.35%	+0.00%	-	+0.20%	+0.73%	+1.33%
Change	-47.29	-30.38	-0.27	-	+17.63	+64.16	+116.81
Level	Major	Major	Minor	-	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	8,717.73	8,738.89	8,764.34	8,785.50	8,810.95	8,832.11	8,857.56
Camarilla	8,776.98	8,781.26	8,785.53	8,789.80	8,794.07	8,798.35	8,802.62
Woodie	8,719.89	8,739.96	8,766.50	8,786.57	8,813.11	8,833.18	8,859.72
Fibonacci	8,738.89	8,756.69	8,767.69	8,785.50	8,803.30	8,814.30	8,832.11

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8,549.07	8,645.81	8,709.55	8,806.29	8,870.03	8,966.77	9,030.51
Camarilla	8,729.17	8,743.88	8,758.59	8,773.30	8,788.01	8,802.72	8,817.43
Woodie	8,532.58	8,637.56	8,693.06	8,798.04	8,853.54	8,958.52	9,014.02
Fibonacci	8,645.81	8,707.11	8,744.98	8,806.29	8,867.59	8,905.46	8,966.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7,789.91	8,038.30	8,463.60	8,711.99	9,137.29	9,385.68	9,810.98
Camarilla	8,703.65	8,765.40	8,827.16	8,888.91	8,950.67	9,012.42	9,074.18
Woodie	7,878.38	8,082.53	8,552.07	8,756.22	9,225.76	9,429.91	9,899.45
Fibonacci	8,038.30	8,295.65	8,454.64	8,711.99	8,969.34	9,128.33	9,385.68

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):	50.21
MACD (12,26,9):	0.4700
Directional Movement:	4.43
AROON (14):	57.15
DEMA (21):	8,784.62
Parabolic SAR (0,02-0,02-0,2):	8,757.92
Elder Ray (13):	6.70
Super Trend (3,10):	8,829.18
Zig ZAG (10):	8,787.40
VORTEX (21):	1.0100
Stochastique (14,3,5):	66.96
TEMA (21):	8,791.14
Williams %R (14):	-49.25
Chande Momentum Oscillator (20):	7.91
Repulse (5,40,3):	-0.2000
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.29

MA7:	8,792.35
MA20:	8,806.06
MA50:	8,747.45
MA100:	8,851.72
MAexp7:	8,788.50
MAexp20:	8,785.89
MAexp50:	8,793.16
MAexp100:	8,801.85
Price / MA7:	-0.04%
Price / MA20:	-0.19%
Price / MA50:	+0.47%
Price / MA100:	-0.71%
Price / MAexp7:	+0.00%
Price / MAexp20:	+0.03%
Price / MAexp50:	-0.05%
Price / MAexp100:	-0.15%

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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