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 03/17/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 11,611.50 EUR

My targets

11,236.51 EUR (-0.95%)

10,599.30 EUR (-6.57%)

My analysis

BEL SMALL INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 11,611.50 EUR. The next support located at 11,236.51 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 10,599.30 EUR. Below this support, sellers could then target 10,027.00 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.3

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 11,344.50 EUR. The price registered a decrease of -0.13% on the session with the lowest point at 11,334.77 EUR and the highest point at 11,439.63 EUR. The deviation from the price is +0.09% for the low point and -0.83% for the high point.

11,334.77

11,439.63

11,344.50

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.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BEL SMALL INDEX chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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	10,027.00	10,599.30	11,292.50	11,344.50	11,611.50	12,033.50	12,528.30
Change (%)	-11.61%	-6.57%	-0.46%	-	+2.35%	+6.07%	+10.44%
Change	-1,317.50	-745.20	-52.00	-	+267.00	+689.00	+1,183.80
Level	Intermediate	Minor	Major	-	Major	Intermediate	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	11,208.82	11,272.30	11,315.94	11,379.42	11,423.06	11,486.54	11,530.18
Camarilla	11,330.12	11,339.94	11,349.76	11,359.58	11,369.40	11,379.22	11,389.04
Woodie	11,198.90	11,267.34	11,306.02	11,374.46	11,413.14	11,481.58	11,520.26
Fibonacci	11,272.30	11,313.22	11,338.50	11,379.42	11,420.34	11,445.62	11,486.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,113.27	11,314.60	11,434.14	11,635.47	11,755.01	11,956.34	12,075.88
Camarilla	11,465.44	11,494.85	11,524.27	11,553.68	11,583.09	11,612.51	11,641.92
Woodie	11,072.38	11,294.15	11,393.25	11,615.02	11,714.12	11,935.89	12,034.99
Fibonacci	11,314.60	11,437.17	11,512.90	11,635.47	11,758.04	11,833.77	11,956.34

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,236.51	11,416.05	11,578.61	11,758.15	11,920.71	12,100.25	12,262.81
Camarilla	11,647.10	11,678.46	11,709.82	11,741.18	11,772.54	11,803.90	11,835.26
Woodie	11,228.03	11,411.81	11,570.13	11,753.91	11,912.23	12,096.01	12,254.33
Fibonacci	11,416.05	11,546.73	11,627.46	11,758.15	11,888.83	11,969.56	12,100.25

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):	33.79
MACD (12,26,9):	-91.5400
Directional Movement:	-16.42
AROON (14):	-50.00
DEMA (21):	11,484.76
Parabolic SAR (0,02-0,02-0,2):	11,664.64
Elder Ray (13):	-146.30
Super Trend (3,10):	11,757.79
Zig ZAG (10):	11,361.10
VORTEX (21):	0.8400
Stochastique (14,3,5):	4.15
TEMA (21):	11,414.78
Williams %R (14):	-93.41
Chande Momentum Oscillator (20):	-359.25
Repulse (5,40,3):	-2.8600
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	4.02

MA7:	11,460.18
MA20:	11,625.64
MA50:	11,739.56
MA100:	11,748.73
MAexp7:	11,454.01
MAexp20:	11,582.71
MAexp50:	11,675.56
MAexp100:	11,839.68
Price / MA7:	-1.01%
Price / MA20:	-2.42%
Price / MA50:	-3.37%
Price / MA100:	-3.44%
Price / MAexp7:	-0.96%
Price / MAexp20:	-2.06%
Price / MAexp50:	-2.84%
Price / MAexp100:	-4.18%

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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