BEL SMALL INDEX

- EUR (-)

- 15 min delayed data - Euronext Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	BELS
ISIN:	BE0389857146

BEL SMALL INDEX - Daily - Technical analysis published on 10/31/2022 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

72%

28%

My opinion

Bearish under 12,931.00 EUR

My targets

11,599.00 EUR (-3.69%)

11,045.40 EUR (-8.29%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 12,931.00 EUR remains possible. It is advisable to trade BEL SMALL INDEX with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 12,931.00 EUR. The next bearish objective for sellers is set at 11,599.00 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11,045.40 EUR. In case of crossing, the next objective would be the support located at 10,599.30 EUR. PS: if there is a bullish break in the resistance located at 12,931.00 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

0.2

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

Additional analysis

Quotes

BEL SMALL INDEX rating 12,043.98 EUR. On the day, this instrument lost -0.03% with the lowest point at 12,043.46 EUR and the highest point at 12,114.02 EUR. The deviation from the price is +0.00% for the low point and -0.58% for the high point.

12,043.46

12,114.02

12,043.98

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

Here is a more detailed summary of the historical variations registered by BEL SMALL INDEX:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

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 BEL SMALL INDEX indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being 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, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11,045.40	11,599.00	12,033.50	12,043.98	13,324.00	13,903.90	14,191.10
Change (%)	-8.29%	-3.69%	-0.09%	-	+10.63%	+15.44%	+17.83%
Change	-998.58	-444.98	-10.48	-	+1,280.02	+1,859.92	+2,147.12
Level	Minor	Intermediate	Major	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,882.93	11,918.88	11,983.31	12,019.26	12,083.69	12,119.64	12,184.07
Camarilla	12,020.15	12,029.35	12,038.55	12,047.75	12,056.95	12,066.15	12,075.36
Woodie	11,897.18	11,926.00	11,997.56	12,026.38	12,097.94	12,126.76	12,198.32
Fibonacci	11,918.88	11,957.22	11,980.91	12,019.26	12,057.60	12,081.29	12,119.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,581.73	11,686.58	11,867.16	11,972.01	12,152.59	12,257.44	12,438.02
Camarilla	11,969.26	11,995.42	12,021.59	12,047.75	12,073.91	12,100.08	12,126.24
Woodie	11,619.61	11,705.51	11,905.04	11,990.94	12,190.47	12,276.37	12,475.90
Fibonacci	11,686.58	11,795.61	11,862.97	11,972.01	12,081.04	12,148.40	12,257.44

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,157.78	10,314.85	11,044.39	12,201.46	12,931.00	14,088.07	14,817.61
Camarilla	11,255.11	11,428.05	11,600.99	11,773.93	11,946.87	12,119.81	12,292.75
Woodie	8,944.02	10,207.97	10,830.63	12,094.58	12,717.24	13,981.19	14,603.85
Fibonacci	10,314.85	11,035.54	11,480.78	12,201.46	12,922.15	13,367.39	14,088.07

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.53
MACD (12,26,9):	-79.8400
Directional Movement:	-0.62
AROON (14):	85.71
DEMA (21):	11,821.11
Parabolic SAR (0,02-0,02-0,2):	11,584.75
Elder Ray (13):	128.45
Super Trend (3,10):	11,707.40
Zig ZAG (10):	12,054.21
VORTEX (21):	1.0400
Stochastique (14,3,5):	92.18
TEMA (21):	11,948.68
Williams %R (14):	-12.21
Chande Momentum Oscillator (20):	450.44
Repulse (5,40,3):	0.3100
ROCnROLL:	-1
TRIX (15,9):	-0.2000
Courbe Coppock:	2.08

MA7:	11,969.05
MA20:	11,903.15
MA50:	12,427.61
MA100:	12,601.59
MAexp7:	11,986.09
MAexp20:	11,976.89
MAexp50:	12,277.66
MAexp100:	12,662.54
Price / MA7:	+0.63%
Price / MA20:	+1.18%
Price / MA50:	-3.09%
Price / MA100:	-4.42%
Price / MAexp7:	+0.48%
Price / MAexp20:	+0.56%
Price / MAexp50:	-1.90%
Price / MAexp100:	-4.88%

Quotes : - 15 min delayed data - Euronext Indices

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

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