Londinia Opportunities Analyses - 10/31/2024 (GMT) ACKERMANS V.HAAREN - 1H

ACKERMANS V.HAAREN
- EUR (-)
- 15 min delayed data - Euronext Bruxelles
Type: Stocks
Ticker: ACKB
ISIN: BE0003764785

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Europe Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
6%
67%
28%
My opinion
Bearish under 187.8 EUR
My targets
185.4 EUR (-0.70%)
177.6 EUR (-4.87%)
My analysis
The bearish trend is currently very strong for ACKERMANS V.HAAREN. As long as the price remains below the resistance at 187.8 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 185.4 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 177.6 EUR as an objective. Crossing it would then enable sellers to target 168.2 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8

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Additional analysis

Quotes

The ACKERMANS V.HAAREN rating is 186.7 EUR. The price is lower by -0.69% since the last closing and was between 186.5 EUR and 187.4 EUR. This implies that the price is at +0.11% from its lowest and at -0.37% from its highest.

186.5
187.4
186.7

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

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a 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


Technical analysis of ACKERMANS V.HAAREN in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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 decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

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 support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 177.6 184.5 185.4 186.7 187.1 187.8 189.5
Change (%) -4.87% -1.18% -0.70% - +0.21% +0.59% +1.50%
Change -9.1 -2.2 -1.3 - +0.4 +1.1 +2.8
Level Minor Intermediate Major - Intermediate Minor Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard185.5186.5187.3188.3189.1190.1190.9
Camarilla187.5187.7187.8188.0188.2188.3188.5
Woodie185.3186.5187.1188.3188.9190.1190.7
Fibonacci186.5187.2187.7188.3189.0189.5190.1


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard182.6184.8186.5188.7190.4192.6194.3
Camarilla187.0187.4187.7188.1188.5188.8189.2
Woodie182.3184.7186.2188.6190.1192.5194.0
Fibonacci184.8186.3187.2188.7190.2191.1192.6


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard166.0172.2181.4187.6196.8203.0212.2
Camarilla186.5187.9189.3190.7192.1193.5194.9
Woodie167.6173.0183.0188.4198.4203.8213.8
Fibonacci172.2178.1181.7187.6193.5197.1203.0

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): 34.70
MACD (12,26,9): -0.7000
Directional Movement: -18.3
AROON (14): -50.0
DEMA (21): 187.2
Parabolic SAR (0,02-0,02-0,2): 187.3
Elder Ray (13): -0.7
Super Trend (3,10): 188.8
Zig ZAG (10): 186.7
VORTEX (21): 0.7000
Stochastique (14,3,5): 14.90
TEMA (21): 186.7
Williams %R (14): -96.60
Chande Momentum Oscillator (20): -2.2
Repulse (5,40,3): -0.3000
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 2.20
MA7: 188.4
MA20: 188.8
MA50: 185.6
MA100: 177.2
MAexp7: 187.2
MAexp20: 188.0
MAexp50: 188.7
MAexp100: 189.0
Price / MA7: -0.90%
Price / MA20: -1.11%
Price / MA50: +0.59%
Price / MA100: +5.36%
Price / MAexp7: -0.27%
Price / MAexp20: -0.69%
Price / MAexp50: -1.06%
Price / MAexp100: -1.22%

Quotes : - 15 min delayed data - Euronext Bruxelles