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 07/23/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 14.60 EUR

My targets

16.36 EUR (+5.12%)

My analysis

EURONAV is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 14.60 EUR. The next resistance located at 16.36 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

9.1

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 rating is 15.56 EUR. On the day, this instrument gained +1.37% and was traded between 15.38 EUR and 15.56 EUR over the period. The price is currently at +1.17% from its lowest and 0% from its highest.

15.38

15.56

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

Bullish opening

Type : Bullish

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

A technical analysis in Daily of this EURONAV chart shows a strongly 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 market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

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 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish doji star

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	12.03	13.27	14.60	15.56
Change (%)	-22.69%	-14.72%	-6.17%	-
Change	-3.53	-2.29	-0.96	-
Level	Major	Minor	Major	-

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
Standard	14.53	14.73	15.04	15.24	15.55	15.75	16.06
Camarilla	15.21	15.26	15.30	15.35	15.40	15.44	15.49
Woodie	14.59	14.76	15.10	15.27	15.61	15.78	16.12
Fibonacci	14.73	14.93	15.05	15.24	15.44	15.56	15.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.94	14.18	14.61	14.85	15.28	15.52	15.95
Camarilla	14.87	14.93	14.99	15.05	15.11	15.17	15.23
Woodie	14.05	14.23	14.72	14.90	15.39	15.57	16.06
Fibonacci	14.18	14.43	14.59	14.85	15.10	15.26	15.52

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.01	12.58	13.46	14.03	14.91	15.48	16.36
Camarilla	13.93	14.06	14.20	14.33	14.46	14.60	14.73
Woodie	12.16	12.66	13.61	14.11	15.06	15.56	16.51
Fibonacci	12.58	13.14	13.48	14.03	14.59	14.93	15.48

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):	74.24
MACD (12,26,9):	0.3600
Directional Movement:	16.33
AROON (14):	85.71
DEMA (21):	15.19
Parabolic SAR (0,02-0,02-0,2):	14.43
Elder Ray (13):	0.50
Super Trend (3,10):	14.37
Zig ZAG (10):	15.50
VORTEX (21):	1.2000
Stochastique (14,3,5):	87.46
TEMA (21):	15.26
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.92
Repulse (5,40,3):	3.8200
ROCnROLL:	1
TRIX (15,9):	0.3300
Courbe Coppock:	9.53

MA7:	15.01
MA20:	14.73
MA50:	14.19
MA100:	12.82
MAexp7:	15.11
MAexp20:	14.73
MAexp50:	14.06
MAexp100:	13.32
Price / MA7:	+3.66%
Price / MA20:	+5.63%
Price / MA50:	+9.65%
Price / MA100:	+21.37%
Price / MAexp7:	+2.98%
Price / MAexp20:	+5.63%
Price / MAexp50:	+10.67%
Price / MAexp100:	+16.82%

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:

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

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