COLRUYT

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	COLR
ISIN:	BE0974256852

COLRUYT - Daily - Technical analysis published on 03/26/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 42.45 EUR

My targets

44.38 EUR (+2.42%)

45.69 EUR (+5.45%)

My analysis

The bullish trend is currently very strong on COLRUYT. As long as the price remains above the support at 42.45 EUR, you could try to benefit from the boom. The first bullish objective is located at 44.38 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 45.69 EUR as an objective. Crossing it would then enable buyers to target 48.17 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

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 rating is 43.33 EUR. The price registered an increase of +3.49% on the session and was between 42.58 EUR and 43.42 EUR. This implies that the price is at +1.76% from its lowest and at -0.21% from its highest.

42.58

43.42

43.33

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by COLRUYT:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this COLRUYT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	38.03	40.18	42.45	43.33	44.38	45.69	48.17
Change (%)	-12.23%	-7.27%	-2.03%	-	+2.42%	+5.45%	+11.17%
Change	-5.30	-3.15	-0.88	-	+1.05	+2.36	+4.84
Level	Intermediate	Major	Major	-	Major	Intermediate	Minor

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	41.11	41.47	41.67	42.03	42.23	42.59	42.79
Camarilla	41.72	41.77	41.82	41.87	41.92	41.97	42.02
Woodie	41.03	41.43	41.59	41.99	42.15	42.55	42.71
Fibonacci	41.47	41.68	41.82	42.03	42.24	42.38	42.59

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40.17	40.93	41.67	42.43	43.17	43.93	44.67
Camarilla	41.99	42.13	42.26	42.40	42.54	42.68	42.81
Woodie	40.15	40.93	41.65	42.43	43.15	43.93	44.65
Fibonacci	40.93	41.51	41.86	42.43	43.01	43.36	43.93

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.23	36.47	40.43	42.67	46.63	48.87	52.83
Camarilla	42.68	43.24	43.81	44.38	44.95	45.52	46.09
Woodie	35.08	36.90	41.28	43.10	47.48	49.30	53.68
Fibonacci	36.47	38.84	40.31	42.67	45.04	46.51	48.87

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):	59.73
MACD (12,26,9):	0.3000
Directional Movement:	8.59
AROON (14):	92.86
DEMA (21):	42.68
Parabolic SAR (0,02-0,02-0,2):	41.29
Elder Ray (13):	0.57
Super Trend (3,10):	43.79
Zig ZAG (10):	43.33
VORTEX (21):	1.0100
Stochastique (14,3,5):	64.46
TEMA (21):	42.76
Williams %R (14):	-3.69
Chande Momentum Oscillator (20):	2.05
Repulse (5,40,3):	1.2600
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	1.77

MA7:	42.47
MA20:	42.49
MA50:	41.77
MA100:	40.75
MAexp7:	42.55
MAexp20:	42.27
MAexp50:	41.70
MAexp100:	40.50
Price / MA7:	+2.02%
Price / MA20:	+1.98%
Price / MA50:	+3.73%
Price / MA100:	+6.33%
Price / MAexp7:	+1.83%
Price / MAexp20:	+2.51%
Price / MAexp50:	+3.91%
Price / MAexp100:	+6.99%

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:

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

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