BEL20 INDEX

- EUR (-)

- 15 min delayed data - Euronext Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	BEL20
ISIN:	BE0389555039

BEL20 INDEX - 1H - Technical analysis published on 12/27/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

50%

44%

My opinion

Bullish above 4,222.32 EUR

My targets

4,268.56 EUR (+0.54%)

4,331.62 EUR (+2.03%)

My analysis

BEL20 INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4,222.32 EUR. The next resistance located at 4,268.56 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4,331.62 EUR. After this resistance, buyers could then target 4,402.32 EUR.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BEL20 INDEX price is 4,245.62 EUR. On the day, this instrument lost -0.01% and was between 4,235.65 EUR and 4,253.61 EUR. This implies that the price is at +0.24% from its lowest and at -0.19% from its highest.

4,235.65

4,253.61

4,245.62

Here is a more detailed summary of the historical variations registered by BEL20 INDEX:

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

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of BEL20 INDEX indicates that the overall trend is bullish. 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 a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bullish doji star

Type : Bullish

Timeframe : 1 hour

Downside gap

Type : Bearish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4,184.02	4,201.20	4,222.32	4,245.62	4,268.56	4,278.91	4,331.62
Change (%)	-1.45%	-1.05%	-0.55%	-	+0.54%	+0.78%	+2.03%
Change	-61.60	-44.42	-23.30	-	+22.94	+33.29	+86.00
Level	Major	Minor	Major	-	Intermediate	Minor	Intermediate

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	4,206.55	4,219.24	4,232.65	4,245.34	4,258.75	4,271.44	4,284.85
Camarilla	4,238.87	4,241.27	4,243.66	4,246.05	4,248.44	4,250.84	4,253.23
Woodie	4,206.90	4,219.42	4,233.00	4,245.52	4,259.10	4,271.62	4,285.20
Fibonacci	4,219.24	4,229.21	4,235.37	4,245.34	4,255.31	4,261.47	4,271.44

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,032.86	4,090.59	4,152.41	4,210.14	4,271.96	4,329.69	4,391.51
Camarilla	4,181.34	4,192.30	4,203.26	4,214.22	4,225.18	4,236.14	4,247.10
Woodie	4,034.90	4,091.61	4,154.45	4,211.16	4,274.00	4,330.71	4,393.55
Fibonacci	4,090.59	4,136.26	4,164.48	4,210.14	4,255.81	4,284.03	4,329.69

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,839.49	3,965.86	4,096.58	4,222.95	4,353.67	4,480.04	4,610.76
Camarilla	4,156.61	4,180.18	4,203.74	4,227.31	4,250.88	4,274.44	4,298.01
Woodie	3,841.68	3,966.95	4,098.77	4,224.04	4,355.86	4,481.13	4,612.95
Fibonacci	3,965.86	4,064.07	4,124.74	4,222.95	4,321.16	4,381.83	4,480.04

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):	57.49
MACD (12,26,9):	9.6500
Directional Movement:	7.23
AROON (14):	42.86
DEMA (21):	4,249.45
Parabolic SAR (0,02-0,02-0,2):	4,255.48
Elder Ray (13):	1.02
Super Trend (3,10):	4,222.45
Zig ZAG (10):	4,245.15
VORTEX (21):	1.1900
Stochastique (14,3,5):	74.32
TEMA (21):	4,256.81
Williams %R (14):	-29.43
Chande Momentum Oscillator (20):	0.93
Repulse (5,40,3):	-0.0300
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	1.16

MA7:	4,232.19
MA20:	4,239.36
MA50:	4,240.05
MA100:	4,217.32
MAexp7:	4,246.10
MAexp20:	4,237.01
MAexp50:	4,229.19
MAexp100:	4,229.35
Price / MA7:	+0.32%
Price / MA20:	+0.15%
Price / MA50:	+0.13%
Price / MA100:	+0.67%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.20%
Price / MAexp50:	+0.39%
Price / MAexp100:	+0.38%

Quotes : - 15 min delayed data - Euronext Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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