COLRUYT

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	COLR
ISIN:	BE0974256852

COLRUYT - 1H - Technical analysis published on 09/19/2023 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 36.95 EUR

My targets

37.60 EUR (+0.91%)

38.06 EUR (+2.15%)

My analysis

COLRUYT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 36.95 EUR. The next resistance located at 37.60 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 38.06 EUR. After this resistance, buyers could then target 38.86 EUR.

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

Force

6.4

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 COLRUYT price is 37.26 EUR. The price registered an increase of +2.14% on the session with the lowest point at 36.53 EUR and the highest point at 37.30 EUR. The deviation from the price is +2.00% for the low point and -0.11% for the high point.

36.53

37.30

37.26

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by COLRUYT:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of COLRUYT indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

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:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	36.21	36.95	37.25	37.26	37.60	38.06	38.86
Change (%)	-2.82%	-0.83%	-0.03%	-	+0.91%	+2.15%	+4.29%
Change	-1.05	-0.31	-0.01	-	+0.34	+0.80	+1.60
Level	Minor	Minor	Intermediate	-	Minor	Major	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	35.71	35.95	36.22	36.46	36.73	36.97	37.24
Camarilla	36.34	36.39	36.43	36.48	36.53	36.57	36.62
Woodie	35.72	35.96	36.23	36.47	36.74	36.98	37.25
Fibonacci	35.95	36.15	36.27	36.46	36.66	36.78	36.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.41	34.66	35.57	36.82	37.73	38.98	39.89
Camarilla	35.89	36.08	36.28	36.48	36.68	36.88	37.07
Woodie	33.24	34.58	35.40	36.74	37.56	38.90	39.72
Fibonacci	34.66	35.49	36.00	36.82	37.65	38.16	38.98

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.42	33.18	34.21	34.97	36.00	36.76	37.79
Camarilla	34.74	34.90	35.07	35.23	35.39	35.56	35.72
Woodie	32.55	33.25	34.34	35.04	36.13	36.83	37.92
Fibonacci	33.18	33.87	34.29	34.97	35.66	36.08	36.76

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):	62.34
MACD (12,26,9):	0.0500
Directional Movement:	22.67
AROON (14):	50.00
DEMA (21):	36.70
Parabolic SAR (0,02-0,02-0,2):	36.26
Elder Ray (13):	0.44
Super Trend (3,10):	36.46
Zig ZAG (10):	37.30
VORTEX (21):	1.1100
Stochastique (14,3,5):	91.24
TEMA (21):	36.85
Williams %R (14):	-5.45
Chande Momentum Oscillator (20):	0.76
Repulse (5,40,3):	1.3200
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.39

MA7:	36.80
MA20:	36.08
MA50:	35.43
MA100:	33.76
MAexp7:	36.85
MAexp20:	36.67
MAexp50:	36.73
MAexp100:	36.63
Price / MA7:	+1.25%
Price / MA20:	+3.27%
Price / MA50:	+5.17%
Price / MA100:	+10.37%
Price / MAexp7:	+1.11%
Price / MAexp20:	+1.61%
Price / MAexp50:	+1.44%
Price / MAexp100:	+1.72%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The last news published on COLRUYT at the time of the generation of this analysis was as follows:

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

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