ECONOCOM GROUP

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ECONB
ISIN:	BE0974313455

ECONOCOM GROUP - Daily - Technical analysis published on 02/12/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2.594 EUR

My targets

3.027 EUR (+6.96%)

3.185 EUR (+12.54%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ECONOCOM GROUP as long as the price remains well above 2.594 EUR. The buyers” bullish objective is set at 3.027 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.185 EUR. If there is any crossing, the next objective would be the resistance located at 3.448 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ECONOCOM GROUP rating is 2.830 EUR. On the day, this instrument gained +1.65% with the lowest point at 2.788 EUR and the highest point at 2.880 EUR. The deviation from the price is +1.51% for the low point and -1.74% for the high point.

2.788

2.880

2.830

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ECONOCOM GROUP:

Technical

Technical analysis of ECONOCOM GROUP in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.204	2.402	2.594	2.830	2.838	3.027	3.185
Change (%)	-22.12%	-15.12%	-8.34%	-	+0.28%	+6.96%	+12.54%
Change	-0.626	-0.428	-0.236	-	+0.008	+0.197	+0.355
Level	Intermediate	Major	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
Standard	2.609	2.671	2.727	2.789	2.845	2.907	2.963
Camarilla	2.752	2.762	2.773	2.784	2.795	2.806	2.816
Woodie	2.607	2.670	2.725	2.788	2.843	2.906	2.961
Fibonacci	2.671	2.716	2.744	2.789	2.834	2.862	2.907

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.395	2.457	2.583	2.645	2.771	2.833	2.959
Camarilla	2.656	2.674	2.691	2.708	2.725	2.743	2.760
Woodie	2.426	2.473	2.614	2.661	2.802	2.849	2.990
Fibonacci	2.457	2.529	2.574	2.645	2.717	2.762	2.833

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.824	2.002	2.286	2.464	2.748	2.926	3.210
Camarilla	2.443	2.485	2.528	2.570	2.612	2.655	2.697
Woodie	1.877	2.029	2.339	2.491	2.801	2.953	3.263
Fibonacci	2.002	2.179	2.288	2.464	2.641	2.750	2.926

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):	74.19
MACD (12,26,9):	0.1260
Directional Movement:	34.083
AROON (14):	100.000
DEMA (21):	2.709
Parabolic SAR (0,02-0,02-0,2):	2.470
Elder Ray (13):	0.201
Super Trend (3,10):	2.544
Zig ZAG (10):	2.840
VORTEX (21):	1.2280
Stochastique (14,3,5):	88.44
TEMA (21):	2.801
Williams %R (14):	-7.04
Chande Momentum Oscillator (20):	0.430
Repulse (5,40,3):	0.2670
ROCnROLL:	1
TRIX (15,9):	0.5620
Courbe Coppock:	36.31

MA7:	2.705
MA20:	2.504
MA50:	2.367
MA100:	2.367
MAexp7:	2.710
MAexp20:	2.561
MAexp50:	2.446
MAexp100:	2.471
Price / MA7:	+4.62%
Price / MA20:	+13.02%
Price / MA50:	+19.56%
Price / MA100:	+19.56%
Price / MAexp7:	+4.43%
Price / MAexp20:	+10.50%
Price / MAexp50:	+15.70%
Price / MAexp100:	+14.53%

News

The last news published on ECONOCOM 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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