TELENET GROUP - 1H - Technical analysis published on 03/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
TELENET GROUP Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 20.58 EUR
My targets
27.38 EUR (+28.91%)
32.91 EUR (+54.94%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TELENET GROUP as long as the price remains well above 20.58 EUR. The buyers' bullish objective is set at 27.38 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.91 EUR. If there is any crossing, the next objective would be the resistance located at 35.50 EUR.
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
6.4
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.
Additional analysis
Quotes
The TELENET GROUP price is 21.24 EUR. The price registered an increase of +39.74% on the session and was traded between 21.20 EUR and 21.34 EUR over the period. The price is currently at +0.19% from its lowest and -0.47% from its highest.21.20
21.34
21.24
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
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:
Technical
Technical analysis of TELENET GROUP in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals 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 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.59 | 19.11 | 20.58 | 21.24 | 27.38 | 32.91 | 35.50 |
| Change (%) | -17.18% | -10.03% | -3.11% | - | +28.91% | +54.94% | +67.14% |
| Change | -3.65 | -2.13 | -0.66 | - | +6.14 | +11.67 | +14.26 |
| Level | Major | 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 | 13.02 | 13.57 | 14.39 | 14.94 | 15.76 | 16.31 | 17.13 |
| Camarilla | 14.82 | 14.95 | 15.07 | 15.20 | 15.33 | 15.45 | 15.58 |
| Woodie | 13.15 | 13.64 | 14.52 | 15.01 | 15.89 | 16.38 | 17.26 |
| Fibonacci | 13.57 | 14.10 | 14.42 | 14.94 | 15.47 | 15.79 | 16.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.08 | 12.83 | 14.01 | 14.76 | 15.94 | 16.69 | 17.87 |
| Camarilla | 14.67 | 14.85 | 15.02 | 15.20 | 15.38 | 15.55 | 15.73 |
| Woodie | 12.31 | 12.94 | 14.24 | 14.87 | 16.17 | 16.80 | 18.10 |
| Fibonacci | 12.83 | 13.56 | 14.02 | 14.76 | 15.49 | 15.95 | 16.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.86 | 13.04 | 13.84 | 15.02 | 15.82 | 17.00 | 17.80 |
| Camarilla | 14.10 | 14.28 | 14.46 | 14.64 | 14.82 | 15.00 | 15.19 |
| Woodie | 11.67 | 12.95 | 13.65 | 14.93 | 15.63 | 16.91 | 17.61 |
| Fibonacci | 13.04 | 13.80 | 14.26 | 15.02 | 15.78 | 16.24 | 17.00 |
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): | 73.94 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 39.22 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 14.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.57 | |
| Elder Ray (13): | 0.73 | |
| Super Trend (3,10): | 13.92 | |
| Zig ZAG (10): | 15.20 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 54.47 | |
| TEMA (21): | 14.15 | |
| Williams %R (14): | -15.54 | |
| Chande Momentum Oscillator (20): | 1.01 | |
| Repulse (5,40,3): | 7.9900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 0.03 |
| MA7: | 14.40 | |
| MA20: | 14.56 | |
| MA50: | 15.20 | |
| MA100: | 15.21 | |
| MAexp7: | 14.20 | |
| MAexp20: | 14.07 | |
| MAexp50: | 14.16 | |
| MAexp100: | 14.32 | |
| Price / MA7: | +47.50% | |
| Price / MA20: | +45.88% | |
| Price / MA50: | +39.74% | |
| Price / MA100: | +39.64% | |
| Price / MAexp7: | +49.58% | |
| Price / MAexp20: | +50.96% | |
| Price / MAexp50: | +50.00% | |
| Price / MAexp100: | +48.32% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The last news published on TELENET GROUP at the time of the generation of this analysis was as follows:
- Update on Share Repurchase Program 2017
- Update on Share Repurchase Program 2017
- Update on Share Repurchase Program 2017
- Disclosure in accordance with the Law of May 2, 2007
- Telenet closes acquisition of Coditel Brabant BVBA and Coditel S.à r.l
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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