CMB.TECH NV - Daily - Technical analysis published on 12/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 11.37 USD
My targets
12.20 USD (+2.81%)
12.83 USD (+8.06%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EURONAV NV as long as the price remains well above 11.37 USD. The buyers” bullish objective is set at 12.20 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.83 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.9
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EURONAV NV price is 11.87 USD. The price has increased by +3.04% since the last closing and was traded between 11.58 USD and 11.90 USD over the period. The price is currently at +2.50% from its lowest and -0.25% from its highest.11.58
11.90
11.87
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this EURONAV NV chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Piercing line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 8.08 | 9.80 | 11.37 | 11.87 |
| Change (%) | -31.93% | -17.44% | -4.21% | - |
| Change | -3.79 | -2.07 | -0.50 | - |
| Level | Intermediate | Major | Major | - |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.05 | 11.18 | 11.35 | 11.48 | 11.65 | 11.78 | 11.95 |
| Camarilla | 11.44 | 11.47 | 11.49 | 11.52 | 11.55 | 11.58 | 11.60 |
| Woodie | 11.07 | 11.19 | 11.37 | 11.49 | 11.67 | 11.79 | 11.97 |
| Fibonacci | 11.18 | 11.30 | 11.37 | 11.48 | 11.60 | 11.67 | 11.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.74 | 10.89 | 11.17 | 11.32 | 11.60 | 11.75 | 12.03 |
| Camarilla | 11.33 | 11.37 | 11.41 | 11.45 | 11.49 | 11.53 | 11.57 |
| Woodie | 10.81 | 10.92 | 11.24 | 11.35 | 11.67 | 11.78 | 12.09 |
| Fibonacci | 10.89 | 11.06 | 11.16 | 11.32 | 11.48 | 11.59 | 11.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.93 | 9.60 | 10.23 | 10.90 | 11.53 | 12.20 | 12.83 |
| Camarilla | 10.49 | 10.61 | 10.73 | 10.85 | 10.97 | 11.09 | 11.21 |
| Woodie | 8.90 | 9.59 | 10.20 | 10.89 | 11.50 | 12.19 | 12.80 |
| Fibonacci | 9.60 | 10.10 | 10.41 | 10.90 | 11.40 | 11.71 | 12.20 |
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): | 64.42 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | 15.56 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 11.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.90 | |
| Elder Ray (13): | 0.34 | |
| Super Trend (3,10): | 10.87 | |
| Zig ZAG (10): | 11.71 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 84.48 | |
| TEMA (21): | 11.50 | |
| Williams %R (14): | -1.53 | |
| Chande Momentum Oscillator (20): | 1.21 | |
| Repulse (5,40,3): | 3.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 11.19 |
| MA7: | 11.47 | |
| MA20: | 11.11 | |
| MA50: | 11.05 | |
| MA100: | 9.74 | |
| MAexp7: | 11.48 | |
| MAexp20: | 11.20 | |
| MAexp50: | 10.79 | |
| MAexp100: | 10.19 | |
| Price / MA7: | +3.49% | |
| Price / MA20: | +6.84% | |
| Price / MA50: | +7.42% | |
| Price / MA100: | +21.87% | |
| Price / MAexp7: | +3.40% | |
| Price / MAexp20: | +5.98% | |
| Price / MAexp50: | +10.01% | |
| Price / MAexp100: | +16.49% |
This member declared not having a position on this financial instrument or a related financial instrument.
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