BEL20 INDEX - 1H - Technical analysis published on 06/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Additional analysis
Quotes
The BEL20 INDEX rating is 3,402.12 EUR. The price has increased by +1.88% since the last closing with the lowest point at 3,388.73 EUR and the highest point at 3,425.03 EUR. The deviation from the price is +0.40% for the low point and -0.67% for the high point.A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BEL20 INDEX in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,225.76 | 3,294.60 | 3,353.74 | 3,402.12 | 3,436.30 | 3,565.84 | 3,741.40 |
| Change (%) | -5.18% | -3.16% | -1.42% | - | +1.00% | +4.81% | +9.97% |
| Change | -176.36 | -107.52 | -48.38 | - | +34.18 | +163.72 | +339.28 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,132.67 | 3,179.22 | 3,259.28 | 3,305.83 | 3,385.89 | 3,432.44 | 3,512.50 |
| Camarilla | 3,304.53 | 3,316.14 | 3,327.74 | 3,339.35 | 3,350.96 | 3,362.56 | 3,374.17 |
| Woodie | 3,149.44 | 3,187.60 | 3,276.05 | 3,314.21 | 3,402.66 | 3,440.82 | 3,529.27 |
| Fibonacci | 3,179.22 | 3,227.58 | 3,257.46 | 3,305.83 | 3,354.19 | 3,384.07 | 3,432.44 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,802.12 | 3,008.70 | 3,152.67 | 3,359.25 | 3,503.22 | 3,709.80 | 3,853.77 |
| Camarilla | 3,200.23 | 3,232.36 | 3,264.50 | 3,296.63 | 3,328.76 | 3,360.90 | 3,393.03 |
| Woodie | 2,770.81 | 2,993.05 | 3,121.36 | 3,343.60 | 3,471.91 | 3,694.15 | 3,822.46 |
| Fibonacci | 3,008.70 | 3,142.61 | 3,225.34 | 3,359.25 | 3,493.16 | 3,575.89 | 3,709.80 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,496.82 | 2,674.86 | 2,938.90 | 3,116.94 | 3,380.98 | 3,559.02 | 3,823.06 |
| Camarilla | 3,081.38 | 3,121.90 | 3,162.43 | 3,202.95 | 3,243.47 | 3,284.00 | 3,324.52 |
| Woodie | 2,539.83 | 2,696.36 | 2,981.91 | 3,138.44 | 3,423.99 | 3,580.52 | 3,866.07 |
| Fibonacci | 2,674.86 | 2,843.73 | 2,948.06 | 3,116.94 | 3,285.81 | 3,390.14 | 3,559.02 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
| RSI (14): | 60.49 | |
| MACD (12,26,9): | -3.1100 | |
| Directional Movement: | 6.47 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 3,328.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,247.61 | |
| Elder Ray (13): | 54.27 | |
| Super Trend (3,10): | 3,292.27 | |
| Zig ZAG (10): | 3,407.38 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 88.11 | |
| TEMA (21): | 3,351.18 | |
| Williams %R (14): | -10.41 | |
| Chande Momentum Oscillator (20): | 104.47 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 2.04 |
| MA7: | 3,396.08 | |
| MA20: | 3,277.95 | |
| MA50: | 3,115.40 | |
| MA100: | 3,313.68 | |
| MAexp7: | 3,355.49 | |
| MAexp20: | 3,340.50 | |
| MAexp50: | 3,365.38 | |
| MAexp100: | 3,349.07 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +3.79% | |
| Price / MA50: | +9.20% | |
| Price / MA100: | +2.67% | |
| Price / MAexp7: | +1.39% | |
| Price / MAexp20: | +1.84% | |
| Price / MAexp50: | +1.09% | |
| Price / MAexp100: | +1.58% |
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