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 - 1H - Technical analysis published on 05/26/2023 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 10,971.50 EUR

My targets

10,761.04 EUR (-1.66%)

10,599.30 EUR (-3.14%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BEL SMALL INDEX as long as the price remains well below 10,971.50 EUR. The sellers' bearish objective is set at 10,761.04 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10,599.30 EUR. In case of crossing, the next objective would be the support located at 10,027.00 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.1

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 price is 10,943.24 EUR. The price registered a decrease of -0.04% on the session with the lowest point at 10,906.64 EUR and the highest point at 10,962.85 EUR. The deviation from the price is +0.34% for the low point and -0.18% for the high point.

10,906.64

10,962.85

10,943.24

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:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of BEL SMALL INDEX indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10,027.00	10,599.30	10,927.30	10,943.24	10,971.50	11,144.30	11,286.40
Change (%)	-8.37%	-3.14%	-0.15%	-	+0.26%	+1.84%	+3.14%
Change	-916.24	-343.94	-15.94	-	+28.26	+201.06	+343.16
Level	Intermediate	Minor	Major	-	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	10,856.09	10,881.37	10,912.30	10,937.58	10,968.51	10,993.79	11,024.72
Camarilla	10,927.78	10,932.94	10,938.09	10,943.24	10,948.39	10,953.55	10,958.70
Woodie	10,858.93	10,882.78	10,915.14	10,938.99	10,971.35	10,995.20	11,027.56
Fibonacci	10,881.37	10,902.84	10,916.10	10,937.58	10,959.05	10,972.31	10,993.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,615.44	10,761.04	10,852.14	10,997.74	11,088.84	11,234.44	11,325.54
Camarilla	10,878.15	10,899.85	10,921.54	10,943.24	10,964.94	10,986.64	11,008.33
Woodie	10,588.19	10,747.42	10,824.89	10,984.12	11,061.59	11,220.82	11,298.29
Fibonacci	10,761.04	10,851.46	10,907.32	10,997.74	11,088.16	11,144.02	11,234.44

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,745.93	10,992.11	11,133.96	11,380.14	11,521.99	11,768.17	11,910.02
Camarilla	11,169.11	11,204.68	11,240.25	11,275.82	11,311.39	11,346.96	11,382.53
Woodie	10,693.78	10,966.03	11,081.81	11,354.06	11,469.84	11,742.09	11,857.87
Fibonacci	10,992.11	11,140.33	11,231.91	11,380.14	11,528.36	11,619.94	11,768.17

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):	41.70
MACD (12,26,9):	-22.0800
Directional Movement:	-13.44
AROON (14):	-50.00
DEMA (21):	10,942.55
Parabolic SAR (0,02-0,02-0,2):	10,910.86
Elder Ray (13):	-16.19
Super Trend (3,10):	11,011.41
Zig ZAG (10):	10,941.41
VORTEX (21):	0.8000
Stochastique (14,3,5):	23.88
TEMA (21):	10,922.99
Williams %R (14):	-70.33
Chande Momentum Oscillator (20):	-57.88
Repulse (5,40,3):	0.1700
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	1.24

MA7:	10,975.12
MA20:	11,038.84
MA50:	11,263.48
MA100:	11,512.35
MAexp7:	10,945.94
MAexp20:	10,969.34
MAexp50:	10,990.39
MAexp100:	11,020.38
Price / MA7:	-0.29%
Price / MA20:	-0.87%
Price / MA50:	-2.84%
Price / MA100:	-4.94%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.24%
Price / MAexp50:	-0.43%
Price / MAexp100:	-0.70%

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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