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 01/06/2023 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

78%

22%

My opinion

Bearish under 12,033.50 EUR

My targets

11,510.40 EUR (-1.68%)

11,045.40 EUR (-5.65%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BEL SMALL INDEX. As long as you are under the resistance located at 12,033.50 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 11,510.40 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 11,045.40 EUR as an objective. Crossing it would then enable sellers to target 10,599.30 EUR. If the resistance 12,033.50 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

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

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

The BEL SMALL INDEX rating is 11,707.11 EUR. The price is lower by -0.03% since the last closing and was traded between 11,658.02 EUR and 11,753.41 EUR over the period. The price is currently at +0.42% from its lowest and -0.39% from its highest.

11,658.02

11,753.41

11,707.11

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BEL SMALL INDEX in Daily shows an overall bearish trend. 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.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10,599.30	11,045.40	11,510.40	11,707.11	12,033.50	12,374.00	13,324.90
Change (%)	-9.46%	-5.65%	-1.68%	-	+2.79%	+5.70%	+13.82%
Change	-1,107.81	-661.71	-196.71	-	+326.39	+666.89	+1,617.79
Level	Minor	Minor	Intermediate	-	Intermediate	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,600.69	11,622.60	11,666.40	11,688.31	11,732.11	11,754.02	11,797.82
Camarilla	11,692.14	11,698.16	11,704.19	11,710.21	11,716.23	11,722.26	11,728.28
Woodie	11,611.65	11,628.07	11,677.36	11,693.78	11,743.07	11,759.49	11,808.78
Fibonacci	11,622.60	11,647.70	11,663.21	11,688.31	11,713.41	11,728.92	11,754.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,198.51	11,245.95	11,340.83	11,388.27	11,483.15	11,530.59	11,625.47
Camarilla	11,396.57	11,409.62	11,422.66	11,435.71	11,448.76	11,461.80	11,474.85
Woodie	11,222.23	11,257.81	11,364.55	11,400.13	11,506.87	11,542.45	11,649.19
Fibonacci	11,245.95	11,300.32	11,333.90	11,388.27	11,442.64	11,476.22	11,530.59

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,775.29	11,024.27	11,229.99	11,478.97	11,684.69	11,933.67	12,139.39
Camarilla	11,310.67	11,352.35	11,394.03	11,435.71	11,477.39	11,519.07	11,560.75
Woodie	10,753.66	11,013.46	11,208.36	11,468.16	11,663.06	11,922.86	12,117.76
Fibonacci	11,024.27	11,197.97	11,305.28	11,478.97	11,652.67	11,759.98	11,933.67

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):	60.80
MACD (12,26,9):	-14.0800
Directional Movement:	13.87
AROON (14):	71.43
DEMA (21):	11,483.31
Parabolic SAR (0,02-0,02-0,2):	11,377.49
Elder Ray (13):	162.61
Super Trend (3,10):	11,435.76
Zig ZAG (10):	11,702.78
VORTEX (21):	1.0800
Stochastique (14,3,5):	95.22
TEMA (21):	11,581.37
Williams %R (14):	-10.62
Chande Momentum Oscillator (20):	368.07
Repulse (5,40,3):	0.9500
ROCnROLL:	-1
TRIX (15,9):	-0.1100
Courbe Coppock:	3.05

MA7:	11,581.39
MA20:	11,452.51
MA50:	11,757.54
MA100:	12,124.72
MAexp7:	11,602.37
MAexp20:	11,541.10
MAexp50:	11,710.88
MAexp100:	12,056.07
Price / MA7:	+1.09%
Price / MA20:	+2.22%
Price / MA50:	-0.43%
Price / MA100:	-3.44%
Price / MAexp7:	+0.90%
Price / MAexp20:	+1.44%
Price / MAexp50:	-0.03%
Price / MAexp100:	-2.89%

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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Londinia AI

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