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 05/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

39%

28%

33%

My opinion

Bearish under 15.619 EUR

My targets

14.523 EUR (-5.02%)

12.435 EUR (-18.67%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EURONAV. As long as you are under the resistance located at 15.619 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 14.523 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 12.435 EUR as an objective. Crossing it would then enable sellers to target 11.073 EUR. If the resistance 15.619 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

2.5

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 rating is 15.290 EUR. On the day, this instrument gained +7.94% and was traded between 14.200 EUR and 15.295 EUR over the period. The price is currently at +7.68% from its lowest and -0.03% from its highest.

14.200

15.295

15.290

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of EURONAV indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.073	12.435	14.523	15.290	15.619	16.656	17.730
Change (%)	-27.58%	-18.67%	-5.02%	-	+2.15%	+8.93%	+15.96%
Change	-4.217	-2.855	-0.767	-	+0.329	+1.366	+2.440
Level	Major	Major	Major	-	Major	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.467	13.833	14.562	14.928	15.657	16.023	16.752
Camarilla	14.989	15.089	15.190	15.290	15.390	15.491	15.591
Woodie	13.648	13.924	14.743	15.019	15.838	16.114	16.933
Fibonacci	13.833	14.252	14.510	14.928	15.347	15.605	16.023

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.268	13.062	13.773	14.567	15.278	16.072	16.783
Camarilla	14.071	14.209	14.347	14.485	14.623	14.761	14.899
Woodie	12.228	13.041	13.733	14.546	15.238	16.051	16.743
Fibonacci	13.062	13.637	13.992	14.567	15.142	15.497	16.072

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.277	13.413	14.457	15.593	16.637	17.773	18.817
Camarilla	14.901	15.100	15.300	15.500	15.700	15.900	16.100
Woodie	12.230	13.390	14.410	15.570	16.590	17.750	18.770
Fibonacci	13.413	14.246	14.761	15.593	16.426	16.941	17.773

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.42
MACD (12,26,9):	-0.3600
Directional Movement:	2.752
AROON (14):	-64.285
DEMA (21):	14.561
Parabolic SAR (0,02-0,02-0,2):	13.825
Elder Ray (13):	-0.061
Super Trend (3,10):	15.646
Zig ZAG (10):	15.290
VORTEX (21):	0.8910
Stochastique (14,3,5):	26.56
TEMA (21):	14.354
Williams %R (14):	-42.89
Chande Momentum Oscillator (20):	-0.785
Repulse (5,40,3):	9.8320
ROCnROLL:	-1
TRIX (15,9):	-0.2860
Courbe Coppock:	17.85

MA7:	14.376
MA20:	15.264
MA50:	15.822
MA100:	15.453
MAexp7:	14.624
MAexp20:	15.006
MAexp50:	15.427
MAexp100:	15.620
Price / MA7:	+6.36%
Price / MA20:	+0.17%
Price / MA50:	-3.36%
Price / MA100:	-1.05%
Price / MAexp7:	+4.55%
Price / MAexp20:	+1.89%
Price / MAexp50:	-0.89%
Price / MAexp100:	-2.11%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

Don't forget to follow the news on EURONAV. At the time of publication of this analysis, the latest news was as follows:

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

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