COLRUYT - 1H - Technical analysis published on 10/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 40.42 EUR
My targets
41.25 EUR (+1.05%)
43.51 EUR (+6.59%)
My analysis
The basic bullish trend is very strong on COLRUYT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 40.42 EUR. Crossing the first resistance at 41.25 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 43.51 EUR as an objective. Crossing it would then enable buyers to target 46.84 EUR. Caution, a return to below 40.42 EUR would be a sign of a consolidation phase in the short-term basic trend. 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 are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.2
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Additional analysis
Quotes
The COLRUYT price is 40.82 EUR. The price registered an increase of +0.77% on the session and was traded between 40.30 EUR and 40.90 EUR over the period. The price is currently at +1.29% from its lowest and -0.20% from its highest.40.30
40.90
40.82
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of COLRUYT indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.21 | 37.15 | 40.42 | 40.82 | 41.25 | 43.51 | 46.84 |
| Change (%) | -11.29% | -8.99% | -0.98% | - | +1.05% | +6.59% | +14.75% |
| Change | -4.61 | -3.67 | -0.40 | - | +0.43 | +2.69 | +6.02 |
| Level | Major | Major | Minor | - | Intermediate | 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 | 39.55 | 40.03 | 40.27 | 40.75 | 40.99 | 41.47 | 41.71 |
| Camarilla | 40.31 | 40.38 | 40.44 | 40.51 | 40.58 | 40.64 | 40.71 |
| Woodie | 39.43 | 39.97 | 40.15 | 40.69 | 40.87 | 41.41 | 41.59 |
| Fibonacci | 40.03 | 40.31 | 40.48 | 40.75 | 41.03 | 41.20 | 41.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.64 | 34.42 | 37.69 | 39.47 | 42.74 | 44.52 | 47.79 |
| Camarilla | 39.57 | 40.03 | 40.50 | 40.96 | 41.42 | 41.89 | 42.35 |
| Woodie | 33.39 | 34.79 | 38.44 | 39.84 | 43.49 | 44.89 | 48.54 |
| Fibonacci | 34.42 | 36.35 | 37.54 | 39.47 | 41.40 | 42.59 | 44.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.92 | 31.45 | 36.20 | 38.73 | 43.48 | 46.01 | 50.76 |
| Camarilla | 38.96 | 39.63 | 40.29 | 40.96 | 41.63 | 42.30 | 42.96 |
| Woodie | 30.04 | 32.01 | 37.32 | 39.29 | 44.60 | 46.57 | 51.88 |
| Fibonacci | 31.45 | 34.23 | 35.95 | 38.73 | 41.51 | 43.23 | 46.01 |
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): | 61.72 | |
| MACD (12,26,9): | 0.4000 | |
| Directional Movement: | 10.57 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 41.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 39.32 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 40.03 | |
| Zig ZAG (10): | 40.83 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 51.48 | |
| TEMA (21): | 40.96 | |
| Williams %R (14): | -43.01 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | 0.4300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 0.76 |
| MA7: | 38.89 | |
| MA20: | 37.28 | |
| MA50: | 35.46 | |
| MA100: | 33.96 | |
| MAexp7: | 40.77 | |
| MAexp20: | 40.56 | |
| MAexp50: | 39.51 | |
| MAexp100: | 38.39 | |
| Price / MA7: | +4.96% | |
| Price / MA20: | +9.50% | |
| Price / MA50: | +15.12% | |
| Price / MA100: | +20.20% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | +3.32% | |
| Price / MAexp100: | +6.33% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on COLRUYT. At the time of publication of this analysis, the latest news was as follows:
- Shekel supplies Belgian retailer Colruyt dozens of smart refrigerators
- Colruyt Group to Optimize Business Operations and Customer Experience with New Cloud-Managed Networking Solution from Extreme Networks
-
Colruyt
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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