EURONAV

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	CMBT
ISIN:	BE0003816338

EURONAV - 1H - Technical analysis published on 07/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 15.21 EUR

My targets

15.56 EUR (+1.10%)

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 15.21 EUR. The next resistance located at 15.56 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

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 15.39 EUR. On the day, this instrument gained +1.25% and was between 15.30 EUR and 15.50 EUR. This implies that the price is at +0.59% from its lowest and at -0.71% from its highest.

15.30

15.50

15.39

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

Bullish opening

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EURONAV chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	14.60	15.04	15.21	15.39	15.56
Change (%)	-5.13%	-2.27%	-1.17%	-	+1.10%
Change	-0.79	-0.35	-0.18	-	+0.17
Level	Major	Minor	Major	-	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.72	14.96	15.08	15.32	15.44	15.68	15.80
Camarilla	15.10	15.13	15.17	15.20	15.23	15.27	15.30
Woodie	14.66	14.93	15.02	15.29	15.38	15.65	15.74
Fibonacci	14.96	15.10	15.18	15.32	15.46	15.54	15.68

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.39
MACD (12,26,9):	0.1000
Directional Movement:	5.70
AROON (14):	21.43
DEMA (21):	15.47
Parabolic SAR (0,02-0,02-0,2):	15.51
Elder Ray (13):	0.03
Super Trend (3,10):	15.17
Zig ZAG (10):	15.39
VORTEX (21):	1.0400
Stochastique (14,3,5):	72.78
TEMA (21):	15.48
Williams %R (14):	-47.22
Chande Momentum Oscillator (20):	0.04
Repulse (5,40,3):	0.2000
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	2.18

MA7:	15.06
MA20:	14.77
MA50:	14.22
MA100:	12.86
MAexp7:	15.41
MAexp20:	15.33
MAexp50:	15.15
MAexp100:	14.97
Price / MA7:	+2.19%
Price / MA20:	+4.20%
Price / MA50:	+8.23%
Price / MA100:	+19.67%
Price / MAexp7:	-0.13%
Price / MAexp20:	+0.39%
Price / MAexp50:	+1.58%
Price / MAexp100:	+2.81%

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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