BEKAERT - Daily - Technical analysis published on 02/06/2024 (GMT)
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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
50%
17%
33%
My opinion
Bullish above 44.37 EUR
My targets
46.52 EUR (+2.06%)
50.21 EUR (+10.15%)
My analysis
The bullish trend is currently very strong on BEKAERT. As long as the price remains above the support at 44.37 EUR, you could try to benefit from the boom. The first bullish objective is located at 46.52 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 50.21 EUR as an objective. Crossing it would then enable buyers to target 59.56 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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Additional analysis
Quotes
The BEKAERT rating is 45.58 EUR. On the day, this instrument gained +1.11% with the lowest point at 45.50 EUR and the highest point at 46.00 EUR. The deviation from the price is +0.18% for the low point and -0.91% for the high point.45.50
46.00
45.58
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BEKAERT indicates that the overall trend is strongly bullish. 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 scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 42.81 | 44.37 | 45.18 | 45.58 | 46.52 | 59.56 |
Change (%) | -6.08% | -2.65% | -0.88% | - | +2.06% | +30.67% |
Change | -2.77 | -1.21 | -0.40 | - | +0.94 | +13.98 |
Level | Intermediate | Intermediate | Major | - | 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 | 43.26 | 44.04 | 44.56 | 45.34 | 45.86 | 46.64 | 47.16 |
Camarilla | 44.72 | 44.84 | 44.96 | 45.08 | 45.20 | 45.32 | 45.44 |
Woodie | 43.13 | 43.98 | 44.43 | 45.28 | 45.73 | 46.58 | 47.03 |
Fibonacci | 44.04 | 44.54 | 44.84 | 45.34 | 45.84 | 46.14 | 46.64 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 43.24 | 44.10 | 44.90 | 45.76 | 46.56 | 47.42 | 48.22 |
Camarilla | 45.24 | 45.40 | 45.55 | 45.70 | 45.85 | 46.00 | 46.16 |
Woodie | 43.21 | 44.09 | 44.87 | 45.75 | 46.53 | 47.41 | 48.19 |
Fibonacci | 44.10 | 44.73 | 45.13 | 45.76 | 46.39 | 46.79 | 47.42 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 40.31 | 41.95 | 43.61 | 45.25 | 46.91 | 48.55 | 50.21 |
Camarilla | 44.35 | 44.66 | 44.96 | 45.26 | 45.56 | 45.87 | 46.17 |
Woodie | 40.31 | 41.96 | 43.61 | 45.26 | 46.91 | 48.56 | 50.21 |
Fibonacci | 41.95 | 43.21 | 43.99 | 45.25 | 46.51 | 47.29 | 48.55 |
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): | 53.78 | |
MACD (12,26,9): | 0.2700 | |
Directional Movement: | 5.55 | |
AROON (14): | 71.43 | |
DEMA (21): | 45.72 | |
Parabolic SAR (0,02-0,02-0,2): | 46.58 | |
Elder Ray (13): | 0.34 | |
Super Trend (3,10): | 44.25 | |
Zig ZAG (10): | 45.50 | |
VORTEX (21): | 1.0800 | |
Stochastique (14,3,5): | 57.90 | |
TEMA (21): | 45.49 | |
Williams %R (14): | -42.62 | |
Chande Momentum Oscillator (20): | 0.34 | |
Repulse (5,40,3): | -1.3700 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1000 | |
Courbe Coppock: | 3.26 |
MA7: | 45.54 | |
MA20: | 45.24 | |
MA50: | 44.70 | |
MA100: | 42.47 | |
MAexp7: | 45.47 | |
MAexp20: | 45.30 | |
MAexp50: | 44.42 | |
MAexp100: | 43.40 | |
Price / MA7: | +0.09% | |
Price / MA20: | +0.75% | |
Price / MA50: | +1.97% | |
Price / MA100: | +7.32% | |
Price / MAexp7: | +0.24% | |
Price / MAexp20: | +0.62% | |
Price / MAexp50: | +2.61% | |
Price / MAexp100: | +5.02% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The last news published on BEKAERT at the time of the generation of this analysis was as follows:
- Bekaert - Update on the Share Buyback Program
- Bekaert - Update on the Share Buyback Program
- Bekaert: Transparency law
- Bekaert - Update on the Share Buyback Program
- Bekaert - Update on the Share Buyback Program
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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