GBL

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	GBLB
ISIN:	BE0003797140

GBL - Daily - Technical analysis published on 07/21/2023 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

72%

28%

My opinion

Bearish under 75.82 EUR

My targets

71.40 EUR (-1.63%)

69.62 EUR (-4.08%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBL. As long as you are under the resistance located at 75.82 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 71.40 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 69.62 EUR as an objective. Crossing it would then enable sellers to target 68.15 EUR. If the resistance 75.82 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.2

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBL rating 72.58 EUR. The price registered a decrease of -0.11% on the session and was between 72.30 EUR and 72.64 EUR. This implies that the price is at +0.39% from its lowest and at -0.08% from its highest.

72.30

72.64

72.58

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead 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:

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

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GBL chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	69.62	71.40	72.33	72.58	73.46	75.82	76.87
Change (%)	-4.08%	-1.63%	-0.34%	-	+1.21%	+4.46%	+5.91%
Change	-2.96	-1.18	-0.25	-	+0.88	+3.24	+4.29
Level	Minor	Major	Major	-	Minor	Minor	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	71.96	72.22	72.44	72.70	72.92	73.18	73.40
Camarilla	72.53	72.57	72.62	72.66	72.70	72.75	72.79
Woodie	71.94	72.21	72.42	72.69	72.90	73.17	73.38
Fibonacci	72.22	72.40	72.52	72.70	72.88	73.00	73.18

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.22	68.34	70.30	71.42	73.38	74.50	76.46
Camarilla	71.41	71.70	71.98	72.26	72.54	72.83	73.11
Woodie	67.64	68.55	70.72	71.63	73.80	74.71	76.88
Fibonacci	68.34	69.52	70.24	71.42	72.60	73.32	74.50

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.75	69.27	70.71	72.23	73.67	75.19	76.63
Camarilla	71.35	71.62	71.89	72.16	72.43	72.70	72.97
Woodie	67.72	69.25	70.68	72.21	73.64	75.17	76.60
Fibonacci	69.27	70.40	71.10	72.23	73.36	74.06	75.19

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	54.33
MACD (12,26,9):	-0.0900
Directional Movement:	4.99
AROON (14):	64.29
DEMA (21):	71.60
Parabolic SAR (0,02-0,02-0,2):	70.06
Elder Ray (13):	0.56
Super Trend (3,10):	70.44
Zig ZAG (10):	72.54
VORTEX (21):	1.0300
Stochastique (14,3,5):	91.45
TEMA (21):	72.14
Williams %R (14):	-10.05
Chande Momentum Oscillator (20):	1.64
Repulse (5,40,3):	0.8400
ROCnROLL:	-1
TRIX (15,9):	-0.0800
Courbe Coppock:	1.83

MA7:	72.26
MA20:	71.52
MA50:	72.76
MA100:	74.31
MAexp7:	72.18
MAexp20:	71.90
MAexp50:	72.73
MAexp100:	73.65
Price / MA7:	+0.44%
Price / MA20:	+1.48%
Price / MA50:	-0.25%
Price / MA100:	-2.33%
Price / MAexp7:	+0.55%
Price / MAexp20:	+0.95%
Price / MAexp50:	-0.21%
Price / MAexp100:	-1.45%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The latest news and videos published on GBL at the time of the analysis were as follows:

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

About author

Londinia AI

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