COLRUYT

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	COLR
ISIN:	BE0974256852

COLRUYT - 1H - Technical analysis published on 12/13/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

50%

28%

22%

My opinion

Bullish above 40.57 EUR

My targets

41.26 EUR (+0.93%)

41.75 EUR (+2.13%)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade COLRUYT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 40.57 EUR. The buyers' bullish objective is set at 41.26 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 41.75 EUR. If there is any crossing, the next objective would be the resistance located at 43.51 EUR. If there is a bearish break in the support located at 40.57 EUR some indecision would arise.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

2.9

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.

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Additional analysis

Quotes

The COLRUYT price is 40.88 EUR. On the day, this instrument gained +4.15% and was between 40.64 EUR and 41.70 EUR. This implies that the price is at +0.59% from its lowest and at -1.97% from its highest.

40.64

41.70

40.88

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 slightly bullish. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

On the 18 technical indicators analysed, 9 are bullish, 4 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	38.58	39.29	40.57	40.88	40.99	41.26	41.75
Change (%)	-5.63%	-3.89%	-0.76%	-	+0.27%	+0.93%	+2.13%
Change	-2.30	-1.59	-0.31	-	+0.11	+0.38	+0.87
Level	Major	Intermediate	Minor	-	Intermediate	Intermediate	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	36.08	37.45	38.35	39.72	40.62	41.99	42.89
Camarilla	38.63	38.83	39.04	39.25	39.46	39.67	39.87
Woodie	35.85	37.33	38.12	39.60	40.39	41.87	42.66
Fibonacci	37.45	38.32	38.85	39.72	40.59	41.12	41.99

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40.18	40.55	41.07	41.44	41.96	42.33	42.85
Camarilla	41.34	41.42	41.50	41.58	41.66	41.74	41.83
Woodie	40.25	40.59	41.14	41.48	42.03	42.37	42.92
Fibonacci	40.55	40.89	41.10	41.44	41.78	41.99	42.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.76	37.73	38.63	39.60	40.50	41.47	42.37
Camarilla	39.02	39.19	39.36	39.53	39.70	39.87	40.04
Woodie	36.73	37.71	38.60	39.58	40.47	41.45	42.34
Fibonacci	37.73	38.44	38.89	39.60	40.31	40.76	41.47

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):	55.73
MACD (12,26,9):	-0.4600
Directional Movement:	22.04
AROON (14):	21.43
DEMA (21):	39.80
Parabolic SAR (0,02-0,02-0,2):	38.82
Elder Ray (13):	1.18
Super Trend (3,10):	39.45
Zig ZAG (10):	40.97
VORTEX (21):	0.7500
Stochastique (14,3,5):	37.81
TEMA (21):	39.47
Williams %R (14):	-24.65
Chande Momentum Oscillator (20):	-0.29
Repulse (5,40,3):	-2.4300
ROCnROLL:	1
TRIX (15,9):	-0.1500
Courbe Coppock:	8.68

MA7:	41.12
MA20:	40.08
MA50:	39.88
MA100:	37.72
MAexp7:	39.83
MAexp20:	40.36
MAexp50:	40.76
MAexp100:	40.61
Price / MA7:	-0.58%
Price / MA20:	+2.00%
Price / MA50:	+2.51%
Price / MA100:	+8.38%
Price / MAexp7:	+2.64%
Price / MAexp20:	+1.29%
Price / MAexp50:	+0.29%
Price / MAexp100:	+0.66%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The last news published on COLRUYT at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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