KBC - 1H - Technical analysis published on 06/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 66.64 EUR
My targets
65.60 EUR (-0.88%)
64.98 EUR (-1.81%)
My analysis
The bearish basic trend is very strong on KBC but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 66.64 EUR. Crossing the first support at 65.60 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 64.98 EUR as an objective. Crossing it would then enable sellers to target 64.22 EUR. Caution, a return to above the resistance located at 66.64 EUR would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.6
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Additional analysis
Quotes
The KBC price is 66.18 EUR. The price registered an increase of +0.09% on the session and was between 66.00 EUR and 66.48 EUR. This implies that the price is at +0.27% from its lowest and at -0.45% from its highest.66.00
66.48
66.18
Here is a more detailed summary of the historical variations registered by KBC:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this KBC chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
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:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 64.98 | 65.60 | 66.10 | 66.18 | 66.64 | 67.55 | 68.54 |
Change (%) | -1.81% | -0.88% | -0.12% | - | +0.70% | +2.07% | +3.57% |
Change | -1.20 | -0.58 | -0.08 | - | +0.46 | +1.37 | +2.36 |
Level | Intermediate | Intermediate | Minor | - | Intermediate | 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 | 64.57 | 65.01 | 65.57 | 66.01 | 66.57 | 67.01 | 67.57 |
Camarilla | 65.85 | 65.94 | 66.03 | 66.12 | 66.21 | 66.30 | 66.40 |
Woodie | 64.62 | 65.04 | 65.62 | 66.04 | 66.62 | 67.04 | 67.62 |
Fibonacci | 65.01 | 65.40 | 65.63 | 66.01 | 66.40 | 66.63 | 67.01 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 63.16 | 64.38 | 65.62 | 66.84 | 68.08 | 69.30 | 70.54 |
Camarilla | 66.18 | 66.41 | 66.64 | 66.86 | 67.09 | 67.31 | 67.54 |
Woodie | 63.17 | 64.39 | 65.63 | 66.85 | 68.09 | 69.31 | 70.55 |
Fibonacci | 64.38 | 65.32 | 65.90 | 66.84 | 67.78 | 68.36 | 69.30 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 58.99 | 61.99 | 64.42 | 67.42 | 69.85 | 72.85 | 75.28 |
Camarilla | 65.37 | 65.87 | 66.36 | 66.86 | 67.36 | 67.86 | 68.35 |
Woodie | 58.72 | 61.85 | 64.15 | 67.28 | 69.58 | 72.71 | 75.01 |
Fibonacci | 61.99 | 64.06 | 65.34 | 67.42 | 69.49 | 70.77 | 72.85 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 46.15 | |
MACD (12,26,9): | -0.1500 | |
Directional Movement: | -5.07 | |
AROON (14): | 57.14 | |
DEMA (21): | 66.00 | |
Parabolic SAR (0,02-0,02-0,2): | 65.66 | |
Elder Ray (13): | -0.08 | |
Super Trend (3,10): | 66.86 | |
Zig ZAG (10): | 66.08 | |
VORTEX (21): | 0.9700 | |
Stochastique (14,3,5): | 67.97 | |
TEMA (21): | 66.04 | |
Williams %R (14): | -33.33 | |
Chande Momentum Oscillator (20): | 0.56 | |
Repulse (5,40,3): | -0.0600 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0500 | |
Courbe Coppock: | 0.38 |
MA7: | 66.64 | |
MA20: | 67.37 | |
MA50: | 66.51 | |
MA100: | 63.39 | |
MAexp7: | 66.18 | |
MAexp20: | 66.24 | |
MAexp50: | 66.56 | |
MAexp100: | 66.82 | |
Price / MA7: | -0.69% | |
Price / MA20: | -1.77% | |
Price / MA50: | -0.50% | |
Price / MA100: | +4.40% | |
Price / MAexp7: | -0% | |
Price / MAexp20: | -0.09% | |
Price / MAexp50: | -0.57% | |
Price / MAexp100: | -0.96% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on KBC at the time of the analysis were as follows:
- KBC Group: Update regarding the KBC Group share buyback programme
- KBC Group: Regulated information – 16 May 2024 after trading hours (18h00)
- KBC Group: Update regarding the KBC Group share buyback programme
- KBC Group: Notification for bondholders of KBC IFIMA
- KBC Group: Board change at KBC Group
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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