B&S GROUP - Daily - Technical analysis published on 10/03/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
50%
17%
33%
My opinion
Bullish above 4.763 EUR
My targets
5.373 EUR (+5.35%)
6.117 EUR (+19.94%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for B&S GROUP as long as the price remains well above 4.763 EUR. The buyers' bullish objective is set at 5.373 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.117 EUR. If there is any crossing, the next objective would be the resistance located at 6.598 EUR.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.1
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Additional analysis
Quotes
The B&S GROUP price is 5.100 EUR. On the day, this instrument gained +12.96% and was between 4.540 EUR and 5.280 EUR. This implies that the price is at +12.33% from its lowest and at -3.41% from its highest.4.540
5.280
5.100
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of B&S GROUP indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.735 | 4.550 | 5.100 | 5.373 | 6.598 | 7.621 |
| Change (%) | -26.76% | -10.78% | - | +5.35% | +29.37% | +49.43% |
| Change | -1.365 | -0.550 | - | +0.273 | +1.498 | +2.521 |
| Level | 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 | 4.393 | 4.442 | 4.478 | 4.527 | 4.563 | 4.612 | 4.648 |
| Camarilla | 4.492 | 4.499 | 4.507 | 4.515 | 4.523 | 4.531 | 4.538 |
| Woodie | 4.388 | 4.439 | 4.473 | 4.524 | 4.558 | 4.609 | 4.643 |
| Fibonacci | 4.442 | 4.474 | 4.494 | 4.527 | 4.559 | 4.579 | 4.612 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.935 | 4.165 | 4.340 | 4.570 | 4.745 | 4.975 | 5.150 |
| Camarilla | 4.404 | 4.441 | 4.478 | 4.515 | 4.552 | 4.589 | 4.626 |
| Woodie | 3.908 | 4.151 | 4.313 | 4.556 | 4.718 | 4.961 | 5.123 |
| Fibonacci | 4.165 | 4.320 | 4.415 | 4.570 | 4.725 | 4.820 | 4.975 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.162 | 3.778 | 4.147 | 4.763 | 5.132 | 5.748 | 6.117 |
| Camarilla | 4.244 | 4.334 | 4.425 | 4.515 | 4.605 | 4.696 | 4.786 |
| Woodie | 3.038 | 3.716 | 4.023 | 4.701 | 5.008 | 5.686 | 5.993 |
| Fibonacci | 3.778 | 4.155 | 4.387 | 4.763 | 5.140 | 5.372 | 5.748 |
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): | 54.81 | |
| MACD (12,26,9): | -0.0960 | |
| Directional Movement: | 9.857 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 4.804 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.395 | |
| Elder Ray (13): | 0.056 | |
| Super Trend (3,10): | 4.216 | |
| Zig ZAG (10): | 5.100 | |
| VORTEX (21): | 0.8760 | |
| Stochastique (14,3,5): | 36.80 | |
| TEMA (21): | 4.724 | |
| Williams %R (14): | -21.23 | |
| Chande Momentum Oscillator (20): | 0.060 | |
| Repulse (5,40,3): | 9.2450 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1570 | |
| Courbe Coppock: | 15.48 |
| MA7: | 4.681 | |
| MA20: | 4.999 | |
| MA50: | 5.035 | |
| MA100: | 5.115 | |
| MAexp7: | 4.786 | |
| MAexp20: | 4.909 | |
| MAexp50: | 5.024 | |
| MAexp100: | 5.285 | |
| Price / MA7: | +8.95% | |
| Price / MA20: | +2.02% | |
| Price / MA50: | +1.29% | |
| Price / MA100: | -0.29% | |
| Price / MAexp7: | +6.56% | |
| Price / MAexp20: | +3.89% | |
| Price / MAexp50: | +1.51% | |
| Price / MAexp100: | -3.50% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The latest news and videos published on B&S GROUP at the time of the analysis were as follows:
-
Steve Hilton: Biden mask policy is 'pure BS plucked out of thin air'
-
George Galloway l The Russian Bounty BS
-
Graham blasts the Dems, 'Impeachment is manufactured BS'
-
The real story (no BS) behind the US attack on Iran (full show)
- B.S.D. Crown Ltd. - TR-1: Standard form for notification of major holdings
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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