CMB.TECH

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	CMBT
ISIN:	BE0003816338

CMB.TECH - Daily - Technical analysis published on 10/10/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

28%

50%

22%

My opinion

Bearish under 16.81 EUR

My targets

14.46 EUR (-7.88%)

12.75 EUR (-18.79%)

My analysis

The strong short-term decline in EURONAV calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 16.81 EUR, one could consider taking advantage of the short-term movement. The first bearish objective is located at 14.46 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12.75 EUR as an objective. Crossing it would then enable sellers to target 11.12 EUR. Be careful, a return to above 16.81 EUR could jeopardize the reversal.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

1.1

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 15.70 EUR. On the day, this instrument gained +4.25% with the lowest point at 15.25 EUR and the highest point at 15.75 EUR. The deviation from the price is +2.95% for the low point and -0.32% for the high point.

15.25

15.75

15.70

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

Technical

Technical analysis of this Daily chart of EURONAV indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.12	12.75	15.68	15.70	18.62	20.34	22.06
Change (%)	-29.17%	-18.79%	-0.13%	-	+18.60%	+29.55%	+40.51%
Change	-4.58	-2.95	-0.02	-	+2.92	+4.64	+6.36
Level	Major	Minor	Major	-	Intermediate	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	14.88	15.07	15.38	15.57	15.88	16.07	16.38
Camarilla	15.56	15.61	15.65	15.70	15.75	15.79	15.84
Woodie	14.95	15.10	15.45	15.60	15.95	16.10	16.45
Fibonacci	15.07	15.26	15.38	15.57	15.76	15.88	16.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.43	13.84	14.93	16.34	17.43	18.84	19.93
Camarilla	15.34	15.57	15.80	16.03	16.26	16.49	16.72
Woodie	12.28	13.76	14.78	16.26	17.28	18.76	19.78
Fibonacci	13.84	14.79	15.38	16.34	17.29	17.88	18.84

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.55	12.90	14.46	16.81	18.37	20.72	22.28
Camarilla	14.96	15.31	15.67	16.03	16.39	16.75	17.11
Woodie	10.17	12.70	14.08	16.61	17.99	20.52	21.90
Fibonacci	12.90	14.39	15.31	16.81	18.30	19.22	20.72

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):	44.70
MACD (12,26,9):	-0.3400
Directional Movement:	-11.43
AROON (14):	-78.57
DEMA (21):	16.08
Parabolic SAR (0,02-0,02-0,2):	16.72
Elder Ray (13):	-0.57
Super Trend (3,10):	17.49
Zig ZAG (10):	15.70
VORTEX (21):	0.9300
Stochastique (14,3,5):	15.55
TEMA (21):	15.28
Williams %R (14):	-72.18
Chande Momentum Oscillator (20):	-2.87
Repulse (5,40,3):	0.7600
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	26.33

MA7:	15.43
MA20:	16.92
MA50:	16.28
MA100:	14.07
MAexp7:	15.61
MAexp20:	16.31
MAexp50:	15.86
MAexp100:	14.49
Price / MA7:	+1.75%
Price / MA20:	-7.21%
Price / MA50:	-3.56%
Price / MA100:	+11.58%
Price / MAexp7:	+0.58%
Price / MAexp20:	-3.74%
Price / MAexp50:	-1.01%
Price / MAexp100:	+8.35%

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.

About author

Londinia AI

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