EURONAV - Daily - Technical analysis published on 02/07/2023 (GMT)
- 116
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Neutral between 14.55 EUR and 16.81 EUR
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 16.81 EUR. The first support is located at 14.55 EUR. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by EURONAV.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
EURONAV rating 15.73 EUR. On the day, this instrument gained +2.74% with the lowest point at 15.50 EUR and the highest point at 15.74 EUR. The deviation from the price is +1.48% for the low point and -0.06% for the high point.15.50
15.74
15.73
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EURONAV in Daily shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.72 | 14.55 | 15.65 | 15.73 | 17.60 | 18.58 | 20.30 |
| Change (%) | -19.14% | -7.50% | -0.51% | - | +11.89% | +18.12% | +29.05% |
| Change | -3.01 | -1.18 | -0.08 | - | +1.87 | +2.85 | +4.57 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.28 | 14.52 | 14.91 | 15.15 | 15.54 | 15.78 | 16.17 |
| Camarilla | 15.14 | 15.20 | 15.25 | 15.31 | 15.37 | 15.43 | 15.48 |
| Woodie | 14.37 | 14.56 | 15.00 | 15.19 | 15.63 | 15.82 | 16.26 |
| Fibonacci | 14.52 | 14.76 | 14.91 | 15.15 | 15.39 | 15.54 | 15.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.33 | 13.76 | 14.32 | 14.75 | 15.31 | 15.74 | 16.30 |
| Camarilla | 14.60 | 14.69 | 14.78 | 14.87 | 14.96 | 15.05 | 15.14 |
| Woodie | 13.39 | 13.79 | 14.38 | 14.78 | 15.37 | 15.77 | 16.36 |
| Fibonacci | 13.76 | 14.14 | 14.38 | 14.75 | 15.13 | 15.37 | 15.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.33 | 9.67 | 12.07 | 14.41 | 16.81 | 19.15 | 21.55 |
| Camarilla | 13.17 | 13.60 | 14.04 | 14.47 | 14.91 | 15.34 | 15.77 |
| Woodie | 7.36 | 9.69 | 12.10 | 14.43 | 16.84 | 19.17 | 21.58 |
| Fibonacci | 9.67 | 11.48 | 12.60 | 14.41 | 16.22 | 17.34 | 19.15 |
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): | 60.00 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | 5.18 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 14.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.38 | |
| Elder Ray (13): | 0.80 | |
| Super Trend (3,10): | 14.05 | |
| Zig ZAG (10): | 15.71 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 89.30 | |
| TEMA (21): | 15.00 | |
| Williams %R (14): | -0.60 | |
| Chande Momentum Oscillator (20): | 1.22 | |
| Repulse (5,40,3): | 5.5900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.3600 | |
| Courbe Coppock: | 14.56 |
| MA7: | 14.91 | |
| MA20: | 14.34 | |
| MA50: | 15.76 | |
| MA100: | 16.72 | |
| MAexp7: | 15.03 | |
| MAexp20: | 14.80 | |
| MAexp50: | 15.48 | |
| MAexp100: | 15.77 | |
| Price / MA7: | +5.50% | |
| Price / MA20: | +9.69% | |
| Price / MA50: | -0.19% | |
| Price / MA100: | -5.92% | |
| Price / MAexp7: | +4.66% | |
| Price / MAexp20: | +6.28% | |
| Price / MAexp50: | +1.61% | |
| Price / MAexp100: | -0.25% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on EURONAV at the time of the analysis were as follows:
- EURN Stock Alert: Halper Sadeh LLP Is Investigating Whether the Sale of Euronav NV Is Fair to Shareholders
- International Seaways Monetizes FSO Joint Venture With Sale to Euronav and Increases Quarterly Cash Dividend
- Euronav announces fourth quarter 2019 results
- Euronav announces second quarter and first half 2019 results
- Euronav announces second quarter and half year results 2018
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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