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ECONOCOM GROUP
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
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
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
0
10
8.4

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

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:

Central Indicators

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:

Central Indicators

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:

Central Patterns

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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard2.6092.6712.7272.7892.8452.9072.963
Camarilla2.7522.7622.7732.7842.7952.8062.816
Woodie2.6072.6702.7252.7882.8432.9062.961
Fibonacci2.6712.7162.7442.7892.8342.8622.907


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.3952.4572.5832.6452.7712.8332.959
Camarilla2.6562.6742.6912.7082.7252.7432.760
Woodie2.4262.4732.6142.6612.8022.8492.990
Fibonacci2.4572.5292.5742.6452.7172.7622.833


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.8242.0022.2862.4642.7482.9263.210
Camarilla2.4432.4852.5282.5702.6122.6552.697
Woodie1.8772.0292.3392.4912.8012.9533.263
Fibonacci2.0022.1792.2882.4642.6412.7502.926

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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