COLRUYT - 1H - Technical analysis published on 09/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
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
0
10
6.4
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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:
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
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
S3
S2
S1
R1
R2
R3
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:
- Shekel supplies Belgian retailer Colruyt dozens of smart refrigerators
- Colruyt Group to Optimize Business Operations and Customer Experience with New Cloud-Managed Networking Solution from Extreme Networks
-
Colruyt
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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