BELYSSE GROUP - Daily - Technical analysis published on 05/03/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Bullish above 1.024 EUR
My targets
1.140 EUR (+1.79%)
1.288 EUR (+15.00%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for BELYSSE GROUP as long as the price remains well above 1.024 EUR. The buyers' bullish objective is set at 1.140 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.288 EUR. If there is any crossing, the next objective would be the resistance located at 1.505 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 1.140 EUR. On this resistance, against the trend traders who would like to go short on BELYSSE GROUP with a bearish signal from their trading strategy, should not hesitate to act.
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
2.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BELYSSE GROUP rating is 1.120 EUR. On the day, this instrument gained +5.66% with the lowest point at 1.065 EUR and the highest point at 1.120 EUR. The deviation from the price is +5.16% for the low point and 0% for the high point.1.065
1.120
1.120
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BELYSSE GROUP chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.792 | 1.024 | 1.120 | 1.140 | 1.288 | 1.505 |
| Change (%) | -29.29% | -8.57% | - | +1.79% | +15.00% | +34.38% |
| Change | -0.328 | -0.096 | - | +0.020 | +0.168 | +0.385 |
| Level | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.062 | 1.078 | 1.087 | 1.103 | 1.112 | 1.128 | 1.137 |
| Camarilla | 1.088 | 1.090 | 1.093 | 1.095 | 1.097 | 1.100 | 1.102 |
| Woodie | 1.058 | 1.076 | 1.083 | 1.101 | 1.108 | 1.126 | 1.133 |
| Fibonacci | 1.078 | 1.088 | 1.094 | 1.103 | 1.113 | 1.119 | 1.128 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.993 | 1.027 | 1.043 | 1.077 | 1.093 | 1.127 | 1.143 |
| Camarilla | 1.046 | 1.051 | 1.055 | 1.060 | 1.065 | 1.069 | 1.074 |
| Woodie | 0.985 | 1.023 | 1.035 | 1.073 | 1.085 | 1.123 | 1.135 |
| Fibonacci | 1.027 | 1.046 | 1.058 | 1.077 | 1.096 | 1.108 | 1.127 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.923 | 0.977 | 1.018 | 1.072 | 1.113 | 1.167 | 1.208 |
| Camarilla | 1.034 | 1.043 | 1.051 | 1.060 | 1.069 | 1.077 | 1.086 |
| Woodie | 0.918 | 0.974 | 1.013 | 1.069 | 1.108 | 1.164 | 1.203 |
| Fibonacci | 0.977 | 1.013 | 1.035 | 1.072 | 1.108 | 1.130 | 1.167 |
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): | 55.41 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | 0.826 | |
| AROON (14): | 7.143 | |
| DEMA (21): | 1.078 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.035 | |
| Elder Ray (13): | 0.007 | |
| Super Trend (3,10): | 1.165 | |
| Zig ZAG (10): | 1.120 | |
| VORTEX (21): | 0.8630 | |
| Stochastique (14,3,5): | 59.52 | |
| TEMA (21): | 1.088 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.020 | |
| Repulse (5,40,3): | 3.5130 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 1.55 |
| MA7: | 1.085 | |
| MA20: | 1.079 | |
| MA50: | 1.109 | |
| MA100: | 1.154 | |
| MAexp7: | 1.090 | |
| MAexp20: | 1.087 | |
| MAexp50: | 1.112 | |
| MAexp100: | 1.195 | |
| Price / MA7: | +3.23% | |
| Price / MA20: | +3.80% | |
| Price / MA50: | +0.99% | |
| Price / MA100: | -2.95% | |
| Price / MAexp7: | +2.75% | |
| Price / MAexp20: | +3.04% | |
| Price / MAexp50: | +0.72% | |
| Price / MAexp100: | -6.28% |
Quotes :
-
15 min delayed data
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Euronext Bruxelles
This 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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