AZELIS GROUP

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	AZE
ISIN:	BE0974400328

AZELIS GROUP - 1H - Technical analysis published on 08/19/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 17.46 EUR

My targets

18.00 EUR (+1.12%)

18.18 EUR (+2.13%)

My analysis

AZELIS GROUP 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 17.46 EUR. The next resistance located at 18.00 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 18.18 EUR. After this resistance, buyers could then target 18.60 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

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 AZELIS GROUP price is 17.80 EUR. On the day, this instrument gained +2.12% and was between 17.73 EUR and 18.00 EUR. This implies that the price is at +0.39% from its lowest and at -1.11% from its highest.

17.73

18.00

17.80

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

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 an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of AZELIS GROUP indicates that the overall trend is strongly bullish. 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. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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 2

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	R1	Price	R2	R3
ProTrendLines	16.97	17.20	17.46	17.80	17.80	18.00	18.18
Change (%)	-4.66%	-3.37%	-1.91%	0%	-	+1.12%	+2.13%
Change	-0.83	-0.60	-0.34	0	-	+0.20	+0.38
Level	Intermediate	Intermediate	Major	Minor	-	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.95	17.09	17.26	17.40	17.57	17.71	17.88
Camarilla	17.35	17.37	17.40	17.43	17.46	17.49	17.52
Woodie	16.97	17.10	17.28	17.41	17.59	17.72	17.90
Fibonacci	17.09	17.21	17.28	17.40	17.52	17.59	17.71

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.40	16.68	17.06	17.34	17.72	18.00	18.38
Camarilla	17.25	17.31	17.37	17.43	17.49	17.55	17.61
Woodie	16.44	16.71	17.10	17.37	17.76	18.03	18.42
Fibonacci	16.68	16.94	17.09	17.34	17.60	17.75	18.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.98	15.81	16.65	17.48	18.32	19.15	19.99
Camarilla	17.04	17.19	17.35	17.50	17.65	17.81	17.96
Woodie	15.00	15.81	16.67	17.48	18.34	19.15	20.01
Fibonacci	15.81	16.45	16.84	17.48	18.12	18.51	19.15

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):	71.22
MACD (12,26,9):	0.1100
Directional Movement:	29.57
AROON (14):	92.86
DEMA (21):	17.53
Parabolic SAR (0,02-0,02-0,2):	17.28
Elder Ray (13):	0.34
Super Trend (3,10):	17.40
Zig ZAG (10):	17.80
VORTEX (21):	1.1400
Stochastique (14,3,5):	69.62
TEMA (21):	17.60
Williams %R (14):	-25.97
Chande Momentum Oscillator (20):	0.33
Repulse (5,40,3):	0.2800
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	2.54

MA7:	17.36
MA20:	17.35
MA50:	17.51
MA100:	18.99
MAexp7:	17.56
MAexp20:	17.41
MAexp50:	17.29
MAexp100:	17.26
Price / MA7:	+2.53%
Price / MA20:	+2.59%
Price / MA50:	+1.66%
Price / MA100:	-6.27%
Price / MAexp7:	+1.37%
Price / MAexp20:	+2.24%
Price / MAexp50:	+2.95%
Price / MAexp100:	+3.13%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

Don't forget to follow the news on AZELIS GROUP. 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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