ELIA GROUP - 1H - Technical analysis published on 04/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 95.25 EUR
My targets
92.20 EUR (-2.64%)
87.00 EUR (-8.13%)
My analysis
The basic trend is very bearish on ELIA GROUP but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on ELIA GROUP. As long as you stay below the resistance 95.25 EUR, sellers' retain the upper hand. A break in the support at 92.20 EUR would be a signal that the basic trend will reverse. Sellers would then use the next support located at 87.00 EUR as an objective. Crossing it would then enable sellers to target 80.66 EUR. If the price were to depress the resistance 95.25 EUR in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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Additional analysis
Quotes
The ELIA GROUP price is 94.70 EUR. The price has increased by +1.83% since the last closing and was traded between 93.45 EUR and 95.00 EUR over the period. The price is currently at +1.34% from its lowest and -0.32% from its highest.93.45
95.00
94.70
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
Here is a more detailed summary of the historical variations registered by ELIA GROUP:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ELIA GROUP indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 80.66 | 87.00 | 92.20 | 94.70 | 95.25 | 97.37 | 100.17 |
| Change (%) | -14.83% | -8.13% | -2.64% | - | +0.58% | +2.82% | +5.78% |
| Change | -14.04 | -7.70 | -2.50 | - | +0.55 | +2.67 | +5.47 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 89.45 | 91.00 | 92.00 | 93.55 | 94.55 | 96.10 | 97.10 |
| Camarilla | 92.30 | 92.53 | 92.77 | 93.00 | 93.23 | 93.47 | 93.70 |
| Woodie | 89.18 | 90.86 | 91.73 | 93.41 | 94.28 | 95.96 | 96.83 |
| Fibonacci | 91.00 | 91.97 | 92.58 | 93.55 | 94.52 | 95.13 | 96.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 89.00 | 92.60 | 94.70 | 98.30 | 100.40 | 104.00 | 106.10 |
| Camarilla | 95.23 | 95.76 | 96.28 | 96.80 | 97.32 | 97.85 | 98.37 |
| Woodie | 88.25 | 92.23 | 93.95 | 97.93 | 99.65 | 103.63 | 105.35 |
| Fibonacci | 92.60 | 94.78 | 96.12 | 98.30 | 100.48 | 101.82 | 104.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.58 | 88.67 | 94.33 | 100.42 | 106.08 | 112.17 | 117.83 |
| Camarilla | 96.77 | 97.85 | 98.92 | 100.00 | 101.08 | 102.15 | 103.23 |
| Woodie | 82.38 | 88.56 | 94.13 | 100.31 | 105.88 | 112.06 | 117.63 |
| Fibonacci | 88.67 | 93.16 | 95.93 | 100.42 | 104.91 | 107.68 | 112.17 |
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): | 48.38 | |
| MACD (12,26,9): | -0.8600 | |
| Directional Movement: | -1.61 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 93.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 95.33 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 95.54 | |
| Zig ZAG (10): | 94.95 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 21.12 | |
| TEMA (21): | 93.24 | |
| Williams %R (14): | -53.12 | |
| Chande Momentum Oscillator (20): | 0.70 | |
| Repulse (5,40,3): | 1.3300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 5.61 |
| MA7: | 95.64 | |
| MA20: | 97.61 | |
| MA50: | 101.30 | |
| MA100: | 104.80 | |
| MAexp7: | 93.86 | |
| MAexp20: | 94.62 | |
| MAexp50: | 96.02 | |
| MAexp100: | 97.21 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -2.98% | |
| Price / MA50: | -6.52% | |
| Price / MA100: | -9.64% | |
| Price / MAexp7: | +0.89% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | -1.37% | |
| Price / MAexp100: | -2.58% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on ELIA GROUP at the time of the analysis were as follows:
Elia System OperatorThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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