VGP
VGP
- EUR (-)
- 15 min delayed data - Euronext Bruxelles
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: VGP
ISIN: BE0003878957

VGP - 1H - Technical analysis published on 10/14/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 70.8 EUR
My targets
74.9 EUR (+4.17%)
83.8 EUR (+16.55%)
My analysis
The strong short-term increase in VGP calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 70.8 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 74.9 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 83.8 EUR as an objective. Crossing it would then enable buyers to target 84.8 EUR. Caution, a return under 70.8 EUR could jeopardize the reversal.

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
2.9

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:
Daily Weekly

Additional analysis

Quotes

VGP rating 71.9 EUR. The price registered an increase of +7.80% on the session and was traded between 66.0 EUR and 72.0 EUR over the period. The price is currently at +8.94% from its lowest and -0.14% from its highest.

66.0
72.0
71.9

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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:

Central Records

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



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


A technical analysis in 1H of this VGP chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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 : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 16.4 52.2 70.8 71.9 84.8 97.9 105.0
Change (%) -77.19% -27.40% -1.53% - +17.94% +36.16% +46.04%
Change -55.5 -19.7 -1.1 - +12.9 +26.0 +33.1
Level Minor Major Intermediate - Major Minor Minor



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
Standard61.964.067.970.073.976.079.9
Camarilla70.370.871.471.972.573.073.6
Woodie62.964.568.970.574.976.580.9
Fibonacci64.066.367.770.072.373.776.0


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard36.251.160.074.983.898.7107.6
Camarilla62.464.566.768.971.173.375.5
Woodie33.249.657.073.480.897.2104.6
Fibonacci51.160.265.874.984.089.698.7


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.757.877.9111.0131.1164.2184.3
Camarilla83.388.293.097.9102.8107.7112.5
Woodie18.154.671.3107.8124.5161.0177.7
Fibonacci57.878.290.7111.0131.4143.9164.2

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): 61.80
MACD (12,26,9): 0.2000
Directional Movement: 14.0
AROON (14): 57.1
DEMA (21): 69.1
Parabolic SAR (0,02-0,02-0,2): 67.8
Elder Ray (13): 1.5
Super Trend (3,10): 66.6
Zig ZAG (10): 71.9
VORTEX (21): 1.0000
Stochastique (14,3,5): 76.80
TEMA (21): 70.2
Williams %R (14): -1.70
Chande Momentum Oscillator (20): 4.8
Repulse (5,40,3): 4.8000
ROCnROLL: 1
TRIX (15,9): -0.1000
Courbe Coppock: 6.40
MA7: 70.0
MA20: 91.9
MA50: 129.8
MA100: 148.8
MAexp7: 69.9
MAexp20: 69.1
MAexp50: 70.7
MAexp100: 77.6
Price / MA7: +2.71%
Price / MA20: -21.76%
Price / MA50: -44.61%
Price / MA100: -51.68%
Price / MAexp7: +2.86%
Price / MAexp20: +4.05%
Price / MAexp50: +1.70%
Price / MAexp100: -7.35%

Quotes : - 15 min delayed data - Euronext Bruxelles

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

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