ELIA GROUP

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ELI
ISIN:	BE0003822393

ELIA GROUP - 1H - Technical analysis published on 04/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

50%

17%

My opinion

Bearish under 95.25 EUR

My targets

89.68 EUR (-2.57%)

87.00 EUR (-5.49%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ELIA GROUP as long as the price remains well below 95.25 EUR. The sellers' bearish objective is set at 89.68 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 87.00 EUR. In case of crossing, the next objective would be the support located at 80.66 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.6

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ELIA GROUP price is 92.05 EUR. The price registered a decrease of -0.27% on the session with the lowest point at 90.65 EUR and the highest point at 92.20 EUR. The deviation from the price is +1.54% for the low point and -0.16% for the high point.

90.65

92.20

92.05

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ELIA GROUP chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	64.10	80.66	87.00	92.05	92.20	95.25	96.03
Change (%)	-30.36%	-12.37%	-5.49%	-	+0.16%	+3.48%	+4.32%
Change	-27.95	-11.39	-5.05	-	+0.15	+3.20	+3.98
Level	Minor	Minor	Major	-	Intermediate	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	88.72	90.13	91.22	92.63	93.72	95.13	96.22
Camarilla	91.61	91.84	92.07	92.30	92.53	92.76	92.99
Woodie	88.55	90.05	91.05	92.55	93.55	95.05	96.05
Fibonacci	90.13	91.09	91.68	92.63	93.59	94.18	95.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	86.82	89.68	92.22	95.08	97.62	100.48	103.02
Camarilla	93.27	93.76	94.26	94.75	95.25	95.74	96.24
Woodie	86.65	89.60	92.05	95.00	97.45	100.40	102.85
Fibonacci	89.68	91.75	93.02	95.08	97.15	98.42	100.48

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):	41.50
MACD (12,26,9):	-0.8400
Directional Movement:	-20.61
AROON (14):	-71.43
DEMA (21):	91.79
Parabolic SAR (0,02-0,02-0,2):	93.37
Elder Ray (13):	-0.64
Super Trend (3,10):	93.93
Zig ZAG (10):	92.00
VORTEX (21):	0.8300
Stochastique (14,3,5):	26.84
TEMA (21):	91.46
Williams %R (14):	-58.82
Chande Momentum Oscillator (20):	-1.30
Repulse (5,40,3):	0.2800
ROCnROLL:	2
TRIX (15,9):	-0.1100
Courbe Coppock:	5.21

MA7:	93.80
MA20:	97.02
MA50:	100.29
MA100:	104.55
MAexp7:	91.92
MAexp20:	92.84
MAexp50:	94.13
MAexp100:	95.54
Price / MA7:	-1.87%
Price / MA20:	-5.12%
Price / MA50:	-8.22%
Price / MA100:	-11.96%
Price / MAexp7:	+0.14%
Price / MAexp20:	-0.85%
Price / MAexp50:	-2.21%
Price / MAexp100:	-3.65%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The last news published on ELIA GROUP at the time of the generation of this analysis was as follows:

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

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