GBL - 1H - Technical analysis published on 03/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 76.25 EUR
My targets
79.65 EUR (+2.38%)
80.67 EUR (+3.69%)
My analysis
GBL is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 76.25 EUR. The next resistance located at 79.65 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 80.67 EUR. After this resistance, buyers could then target 81.53 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBL rating 77.80 EUR. The price registered an increase of +2.32% on the session with the lowest point at 76.86 EUR and the highest point at 78.22 EUR. The deviation from the price is +1.22% for the low point and -0.54% for the high point.76.86
78.22
77.80
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
A study of price movements over other periods shows the following variations:
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 GBL indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 75.20 | 76.25 | 77.44 | 77.80 | 79.65 | 80.67 | 81.53 |
| Change (%) | -3.34% | -1.99% | -0.46% | - | +2.38% | +3.69% | +4.79% |
| Change | -2.60 | -1.55 | -0.36 | - | +1.85 | +2.87 | +3.73 |
| Level | Major | Major | Minor | - | Major | Minor | 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 | 74.97 | 75.19 | 75.61 | 75.83 | 76.25 | 76.47 | 76.89 |
| Camarilla | 75.86 | 75.92 | 75.98 | 76.04 | 76.10 | 76.16 | 76.22 |
| Woodie | 75.08 | 75.24 | 75.72 | 75.88 | 76.36 | 76.52 | 77.00 |
| Fibonacci | 75.19 | 75.43 | 75.58 | 75.83 | 76.07 | 76.22 | 76.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.09 | 71.03 | 73.07 | 75.01 | 77.05 | 78.99 | 81.03 |
| Camarilla | 74.01 | 74.37 | 74.74 | 75.10 | 75.47 | 75.83 | 76.20 |
| Woodie | 69.13 | 71.06 | 73.11 | 75.04 | 77.09 | 79.02 | 81.07 |
| Fibonacci | 71.03 | 72.55 | 73.49 | 75.01 | 76.53 | 77.47 | 78.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.99 | 76.55 | 78.03 | 79.59 | 81.07 | 82.63 | 84.11 |
| Camarilla | 78.68 | 78.96 | 79.24 | 79.52 | 79.80 | 80.08 | 80.36 |
| Woodie | 74.96 | 76.53 | 78.00 | 79.57 | 81.04 | 82.61 | 84.08 |
| Fibonacci | 76.55 | 77.71 | 78.43 | 79.59 | 80.75 | 81.47 | 82.63 |
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): | 75.75 | |
| MACD (12,26,9): | 0.5100 | |
| Directional Movement: | 40.67 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 76.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.49 | |
| Elder Ray (13): | 1.45 | |
| Super Trend (3,10): | 76.85 | |
| Zig ZAG (10): | 77.88 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 94.83 | |
| TEMA (21): | 77.24 | |
| Williams %R (14): | -10.12 | |
| Chande Momentum Oscillator (20): | 2.88 | |
| Repulse (5,40,3): | 0.6900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 4.75 |
| MA7: | 76.04 | |
| MA20: | 76.85 | |
| MA50: | 78.35 | |
| MA100: | 77.77 | |
| MAexp7: | 77.06 | |
| MAexp20: | 76.24 | |
| MAexp50: | 75.89 | |
| MAexp100: | 76.04 | |
| Price / MA7: | +2.31% | |
| Price / MA20: | +1.24% | |
| Price / MA50: | -0.70% | |
| Price / MA100: | +0.04% | |
| Price / MAexp7: | +0.96% | |
| Price / MAexp20: | +2.05% | |
| Price / MAexp50: | +2.52% | |
| Price / MAexp100: | +2.31% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The last news published on GBL at the time of the generation of this analysis was as follows:
PM Cap Gbl OpportunitiesThis 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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