SOLVAY

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SOLB
ISIN:	BE0003470755

SOLVAY - 1H - Technical analysis published on 07/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 33.05 EUR

My targets

34.70 EUR (+2.65%)

35.76 EUR (+5.81%)

My analysis

The bullish trend is currently very strong on SOLVAY. As long as the price remains above the support at 33.05 EUR, you could try to benefit from the boom. The first bullish objective is located at 34.70 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 35.76 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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 SOLVAY rating is 33.80 EUR. The price registered a decrease of -0.59% on the session and was traded between 33.66 EUR and 33.95 EUR over the period. The price is currently at +0.42% from its lowest and -0.44% from its highest.

33.66

33.95

33.80

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SOLVAY:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of SOLVAY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

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

Price

	S3	S2	S1	Price	R1
ProTrendLines	31.26	31.94	33.05	33.80	33.92
Change (%)	-7.51%	-5.50%	-2.22%	-	+0.36%
Change	-2.54	-1.86	-0.75	-	+0.12
Level	Minor	Minor	Intermediate	-	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	32.57	32.85	33.43	33.71	34.29	34.57	35.15
Camarilla	33.76	33.84	33.92	34.00	34.08	34.16	34.24
Woodie	32.71	32.93	33.57	33.79	34.43	34.65	35.29
Fibonacci	32.85	33.18	33.39	33.71	34.04	34.25	34.57

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.82	30.74	31.80	32.72	33.78	34.70	35.76
Camarilla	32.33	32.51	32.69	32.87	33.05	33.23	33.42
Woodie	29.90	30.78	31.88	32.76	33.86	34.74	35.84
Fibonacci	30.74	31.49	31.96	32.72	33.47	33.94	34.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.64	28.99	30.93	32.28	34.22	35.57	37.51
Camarilla	31.97	32.27	32.57	32.87	33.17	33.47	33.78
Woodie	27.94	29.14	31.23	32.43	34.52	35.72	37.81
Fibonacci	28.99	30.25	31.02	32.28	33.54	34.31	35.57

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):	60.70
MACD (12,26,9):	0.2900
Directional Movement:	20.20
AROON (14):	78.57
DEMA (21):	33.77
Parabolic SAR (0,02-0,02-0,2):	33.27
Elder Ray (13):	0.25
Super Trend (3,10):	33.09
Zig ZAG (10):	33.80
VORTEX (21):	1.1900
Stochastique (14,3,5):	88.18
TEMA (21):	33.88
Williams %R (14):	-23.00
Chande Momentum Oscillator (20):	0.58
Repulse (5,40,3):	0.4000
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	4.04

MA7:	32.97
MA20:	32.13
MA50:	32.18
MA100:	28.56
MAexp7:	33.71
MAexp20:	33.40
MAexp50:	32.96
MAexp100:	32.60
Price / MA7:	+2.52%
Price / MA20:	+5.20%
Price / MA50:	+5.03%
Price / MA100:	+18.35%
Price / MAexp7:	+0.27%
Price / MAexp20:	+1.20%
Price / MAexp50:	+2.55%
Price / MAexp100:	+3.68%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The latest news and videos published on SOLVAY 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.

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