GBL - 1H - Technical analysis published on 05/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 74.75 EUR
My targets
72.24 EUR (-1.55%)
71.35 EUR (-2.77%)
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 GBL. As long as you are under the resistance located at 74.75 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 72.24 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 71.35 EUR as an objective. Crossing it would then enable sellers to target 70.43 EUR. If the resistance 74.75 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.9
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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 GBL rating is 73.38 EUR. On the day, this instrument gained +0.41% with the lowest point at 73.18 EUR and the highest point at 73.58 EUR. The deviation from the price is +0.27% for the low point and -0.27% for the high point.73.18
73.58
73.38
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBL indicates that the overall trend is bearish. 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 technical indicators are bullish. There is still some doubt about the price increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 71.35 | 72.24 | 73.04 | 73.38 | 73.60 | 74.75 | 75.82 |
| Change (%) | -2.77% | -1.55% | -0.46% | - | +0.30% | +1.87% | +3.33% |
| Change | -2.03 | -1.14 | -0.34 | - | +0.22 | +1.37 | +2.44 |
| Level | Major | Major | Minor | - | Minor | Minor | 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 | 72.32 | 72.68 | 72.88 | 73.24 | 73.44 | 73.80 | 74.00 |
| Camarilla | 72.93 | 72.98 | 73.03 | 73.08 | 73.13 | 73.18 | 73.23 |
| Woodie | 72.24 | 72.64 | 72.80 | 73.20 | 73.36 | 73.76 | 73.92 |
| Fibonacci | 72.68 | 72.89 | 73.03 | 73.24 | 73.45 | 73.59 | 73.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.19 | 69.21 | 71.19 | 74.21 | 76.19 | 79.21 | 81.19 |
| Camarilla | 71.79 | 72.24 | 72.70 | 73.16 | 73.62 | 74.08 | 74.54 |
| Woodie | 65.66 | 68.95 | 70.66 | 73.95 | 75.66 | 78.95 | 80.66 |
| Fibonacci | 69.21 | 71.12 | 72.30 | 74.21 | 76.12 | 77.30 | 79.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.42 | 73.65 | 76.07 | 77.30 | 79.72 | 80.95 | 83.37 |
| Camarilla | 77.48 | 77.81 | 78.15 | 78.48 | 78.82 | 79.15 | 79.48 |
| Woodie | 73.01 | 73.95 | 76.66 | 77.60 | 80.31 | 81.25 | 83.96 |
| Fibonacci | 73.65 | 75.05 | 75.91 | 77.30 | 78.70 | 79.56 | 80.95 |
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): | 52.75 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | 5.62 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 73.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 73.58 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 72.70 | |
| Zig ZAG (10): | 73.40 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 62.56 | |
| TEMA (21): | 73.35 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.82 |
| MA7: | 73.92 | |
| MA20: | 75.88 | |
| MA50: | 75.75 | |
| MA100: | 75.94 | |
| MAexp7: | 73.24 | |
| MAexp20: | 73.21 | |
| MAexp50: | 73.83 | |
| MAexp100: | 74.78 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | -3.29% | |
| Price / MA50: | -3.13% | |
| Price / MA100: | -3.37% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | -0.61% | |
| Price / MAexp100: | -1.87% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The last news published on GBL at the time of the generation of this analysis was as follows:
PM Cap Gbl OpportunitiesThis 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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