EURONAV

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	CMBT
ISIN:	BE0003816338

EURONAV - Daily - Technical analysis published on 09/15/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

My opinion

Bullish above 16.86 EUR

My targets

19.79 EUR (+8.44%)

20.34 EUR (+11.45%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EURONAV as long as the price remains well above 16.86 EUR. The buyers' bullish objective is set at 19.79 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.34 EUR. If there is any crossing, the next objective would be the resistance located at 22.06 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.8

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 EURONAV price is 18.25 EUR. On the day, this instrument gained +4.29% and was traded between 17.13 EUR and 18.53 EUR over the period. The price is currently at +6.54% from its lowest and -1.51% from its highest.

17.13

18.53

18.25

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EURONAV in Daily shows a strongly overall bullish trend. 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	12.75	15.68	16.86	18.25	20.34	22.06
Change (%)	-30.14%	-14.08%	-7.62%	-	+11.45%	+20.88%
Change	-5.50	-2.57	-1.39	-	+2.09	+3.81
Level	Minor	Minor	Major	-	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.01	16.57	17.41	17.97	18.81	19.37	20.21
Camarilla	17.87	17.99	18.12	18.25	18.38	18.51	18.64
Woodie	16.15	16.64	17.55	18.04	18.95	19.44	20.35
Fibonacci	16.57	17.11	17.44	17.97	18.51	18.84	19.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.54	15.28	16.45	17.19	18.36	19.10	20.27
Camarilla	17.11	17.28	17.46	17.63	17.81	17.98	18.16
Woodie	14.77	15.39	16.68	17.30	18.59	19.21	20.50
Fibonacci	15.28	16.01	16.46	17.19	17.92	18.37	19.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.58	11.43	13.76	15.61	17.94	19.79	22.12
Camarilla	14.94	15.32	15.71	16.09	16.47	16.86	17.24
Woodie	9.82	11.55	14.00	15.73	18.18	19.91	22.36
Fibonacci	11.43	13.03	14.01	15.61	17.21	18.19	19.79

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):	70.37
MACD (12,26,9):	0.7700
Directional Movement:	24.55
AROON (14):	71.43
DEMA (21):	17.67
Parabolic SAR (0,02-0,02-0,2):	16.23
Elder Ray (13):	0.81
Super Trend (3,10):	15.32
Zig ZAG (10):	18.25
VORTEX (21):	1.0700
Stochastique (14,3,5):	79.44
TEMA (21):	17.69
Williams %R (14):	-10.07
Chande Momentum Oscillator (20):	1.43
Repulse (5,40,3):	8.1500
ROCnROLL:	1
TRIX (15,9):	0.7000
Courbe Coppock:	11.23

MA7:	17.37
MA20:	16.74
MA50:	14.78
MA100:	13.04
MAexp7:	17.40
MAexp20:	16.63
MAexp50:	15.17
MAexp100:	13.61
Price / MA7:	+5.07%
Price / MA20:	+9.02%
Price / MA50:	+23.48%
Price / MA100:	+39.95%
Price / MAexp7:	+4.89%
Price / MAexp20:	+9.74%
Price / MAexp50:	+20.30%
Price / MAexp100:	+34.09%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The last news published on EURONAV at the time of the generation of this analysis was as follows:

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

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