KBC ANCORA - 1H - Technical analysis published on 01/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 41.29 EUR
My targets
42.74 EUR (+1.47%)
43.33 EUR (+2.87%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on KBC ANCORA as long as the price remains well above 41.29 EUR. The buyers' bullish objective is set at 42.74 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 43.33 EUR. If there is any crossing, the next objective would be the resistance located at 45.88 EUR.
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
0
10
6.4
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Additional analysis
Quotes
The KBC ANCORA price is 42.12 EUR. On the day, this instrument gained +3.49% and was between 41.38 EUR and 42.12 EUR. This implies that the price is at +1.79% from its lowest and at 0% from its highest.41.38
42.12
42.12
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this KBC ANCORA chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 40.38 | 41.29 | 41.96 | 42.12 | 42.74 | 43.33 | 45.88 |
| Change (%) | -4.13% | -1.97% | -0.38% | - | +1.47% | +2.87% | +8.93% |
| Change | -1.74 | -0.83 | -0.16 | - | +0.62 | +1.21 | +3.76 |
| Level | Intermediate | Minor | Major | - | Minor | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 40.89 | 41.13 | 41.63 | 41.87 | 42.37 | 42.61 | 43.11 |
| Camarilla | 41.92 | 41.98 | 42.05 | 42.12 | 42.19 | 42.26 | 42.32 |
| Woodie | 41.01 | 41.20 | 41.75 | 41.94 | 42.49 | 42.68 | 43.23 |
| Fibonacci | 41.13 | 41.42 | 41.59 | 41.87 | 42.16 | 42.33 | 42.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.31 | 40.17 | 40.69 | 41.55 | 42.07 | 42.93 | 43.45 |
| Camarilla | 40.84 | 40.97 | 41.09 | 41.22 | 41.35 | 41.47 | 41.60 |
| Woodie | 39.15 | 40.09 | 40.53 | 41.47 | 41.91 | 42.85 | 43.29 |
| Fibonacci | 40.17 | 40.69 | 41.02 | 41.55 | 42.07 | 42.40 | 42.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.49 | 35.15 | 38.33 | 39.99 | 43.17 | 44.83 | 48.01 |
| Camarilla | 40.19 | 40.63 | 41.08 | 41.52 | 41.96 | 42.41 | 42.85 |
| Woodie | 34.26 | 35.53 | 39.10 | 40.37 | 43.94 | 45.21 | 48.78 |
| Fibonacci | 35.15 | 37.00 | 38.14 | 39.99 | 41.84 | 42.98 | 44.83 |
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): | 72.01 | |
| MACD (12,26,9): | 0.3100 | |
| Directional Movement: | 31.44 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 41.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 41.42 | |
| Elder Ray (13): | 0.43 | |
| Super Trend (3,10): | 41.41 | |
| Zig ZAG (10): | 42.12 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 97.35 | |
| TEMA (21): | 42.07 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 1.12 | |
| Repulse (5,40,3): | 0.8600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 4.55 |
| MA7: | 41.15 | |
| MA20: | 41.57 | |
| MA50: | 39.33 | |
| MA100: | 38.58 | |
| MAexp7: | 41.83 | |
| MAexp20: | 41.42 | |
| MAexp50: | 41.24 | |
| MAexp100: | 41.31 | |
| Price / MA7: | +2.36% | |
| Price / MA20: | +1.32% | |
| Price / MA50: | +7.09% | |
| Price / MA100: | +9.18% | |
| Price / MAexp7: | +0.69% | |
| Price / MAexp20: | +1.69% | |
| Price / MAexp50: | +2.13% | |
| Price / MAexp100: | +1.96% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The last news published on KBC ANCORA at the time of the generation of this analysis was as follows:
- Convocation of the Ordinary and Extraordinary General Meeting of Shareholders and publication of the Annual Report
- KBC Ancora closes financial year 2022/2023 with a profit of EUR 298.9 million
- KBC Ancora distributes an interim dividend of EUR 3.31 per share on 8 June 2023
- Update on share repurchase program KBC Ancora until 03 February 2023
- Interim Financial Report 2022/2023
This 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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