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CMB.TECH
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 - 1H - Technical analysis published on 04/06/2023 (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

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
94%
0%
6%
My opinion
Bullish above 14.820 EUR
My targets
15.620 EUR (+0.90%)
16.520 EUR (+6.72%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EURONAV as long as the price remains well above 14.820 EUR. The buyers' bullish objective is set at 15.620 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.520 EUR. If there is any crossing, the next objective would be the resistance located at 17.290 EUR.

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
0
10
4.8

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.

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

Additional analysis

Quotes

EURONAV rating 15.480 EUR. The price has increased by +3.93% since the last closing and was between 15.340 EUR and 15.615 EUR. This implies that the price is at +0.91% from its lowest and at -0.86% from its highest.

15.340
15.615
15.480

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of this 1H chart of EURONAV indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12.440 14.520 14.820 15.480 15.620 16.520 17.290
Change (%) -19.64% -6.20% -4.26% - +0.90% +6.72% +11.69%
Change -3.040 -0.960 -0.660 - +0.140 +1.040 +1.810
Level Major Major Minor - Intermediate Major 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
Standard14.50014.62514.76014.88515.02015.14515.280
Camarilla14.82414.84714.87114.89514.91914.94314.967
Woodie14.50514.62814.76514.88815.02515.14815.285
Fibonacci14.62514.72414.78614.88514.98415.04615.145


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.56314.27714.81315.52716.06316.77717.313
Camarilla15.00615.12115.23515.35015.46515.57915.694
Woodie13.47514.23314.72515.48315.97516.73317.225
Fibonacci14.27714.75415.04915.52716.00416.29916.777


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.19713.06314.20716.07317.21719.08320.227
Camarilla14.52214.79815.07415.35015.62615.90216.178
Woodie10.83512.88313.84515.89316.85518.90319.865
Fibonacci13.06314.21314.92416.07317.22317.93419.083

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): 67.69
MACD (12,26,9): 0.0500
Directional Movement: 24.514
AROON (14): 92.857
DEMA (21): 14.996
Parabolic SAR (0,02-0,02-0,2): 14.619
Elder Ray (13): 0.480
Super Trend (3,10): 14.904
Zig ZAG (10): 15.495
VORTEX (21): 1.1080
Stochastique (14,3,5): 82.22
TEMA (21): 15.159
Williams %R (14): -12.37
Chande Momentum Oscillator (20): 0.765
Repulse (5,40,3): 0.2900
ROCnROLL: 1
TRIX (15,9): -0.0470
Courbe Coppock: 5.14
MA7: 15.149
MA20: 15.775
MA50: 15.846
MA100: 16.110
MAexp7: 15.143
MAexp20: 14.982
MAexp50: 15.112
MAexp100: 15.423
Price / MA7: +2.18%
Price / MA20: -1.87%
Price / MA50: -2.31%
Price / MA100: -3.91%
Price / MAexp7: +2.23%
Price / MAexp20: +3.32%
Price / MAexp50: +2.44%
Price / MAexp100: +0.37%

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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Londinia AI

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