EURONAV - Daily - Technical analysis published on 01/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 10.38 EUR
My targets
12.19 EUR (+6.28%)
13.27 EUR (+15.69%)
My analysis
The bullish trend is currently very strong on EURONAV. As long as the price remains above the support at 10.38 EUR, you could try to benefit from the boom. The first bullish objective is located at 12.19 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.27 EUR as an objective. Crossing it would then enable buyers to target 15.10 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EURONAV rating is 11.47 EUR. On the day, this instrument gained +0.79% and was traded between 11.31 EUR and 11.52 EUR over the period. The price is currently at +1.41% from its lowest and -0.43% from its highest.11.31
11.52
11.47
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EURONAV chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 8.60 | 9.47 | 10.38 | 11.47 | 15.10 | 19.36 | 21.88 |
| Change (%) | -25.02% | -17.48% | -9.50% | - | +31.65% | +68.79% | +90.78% |
| Change | -2.87 | -2.01 | -1.09 | - | +3.63 | +7.89 | +10.41 |
| Level | Major | Intermediate | Major | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.76 | 10.92 | 11.15 | 11.31 | 11.54 | 11.70 | 11.93 |
| Camarilla | 11.27 | 11.31 | 11.34 | 11.38 | 11.42 | 11.45 | 11.49 |
| Woodie | 10.80 | 10.94 | 11.19 | 11.33 | 11.58 | 11.72 | 11.97 |
| Fibonacci | 10.92 | 11.07 | 11.16 | 11.31 | 11.46 | 11.55 | 11.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.41 | 10.60 | 10.73 | 10.92 | 11.05 | 11.24 | 11.37 |
| Camarilla | 10.77 | 10.80 | 10.83 | 10.86 | 10.89 | 10.92 | 10.95 |
| Woodie | 10.38 | 10.59 | 10.70 | 10.91 | 11.02 | 11.23 | 11.34 |
| Fibonacci | 10.60 | 10.72 | 10.80 | 10.92 | 11.04 | 11.12 | 11.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.22 | 8.82 | 9.90 | 10.51 | 11.59 | 12.19 | 13.27 |
| Camarilla | 10.52 | 10.67 | 10.83 | 10.98 | 11.13 | 11.29 | 11.44 |
| Woodie | 8.45 | 8.94 | 10.14 | 10.62 | 11.82 | 12.31 | 13.51 |
| Fibonacci | 8.82 | 9.46 | 9.86 | 10.51 | 11.15 | 11.55 | 12.19 |
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): | 71.72 | |
| MACD (12,26,9): | 0.3700 | |
| Directional Movement: | 26.31 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 11.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.61 | |
| Elder Ray (13): | 0.56 | |
| Super Trend (3,10): | 10.58 | |
| Zig ZAG (10): | 11.44 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 92.24 | |
| TEMA (21): | 11.28 | |
| Williams %R (14): | -6.35 | |
| Chande Momentum Oscillator (20): | 1.33 | |
| Repulse (5,40,3): | 2.7900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3900 | |
| Courbe Coppock: | 22.14 |
| MA7: | 11.10 | |
| MA20: | 10.50 | |
| MA50: | 10.16 | |
| MA100: | 9.17 | |
| MAexp7: | 11.10 | |
| MAexp20: | 10.65 | |
| MAexp50: | 10.12 | |
| MAexp100: | 9.49 | |
| Price / MA7: | +3.33% | |
| Price / MA20: | +9.24% | |
| Price / MA50: | +12.89% | |
| Price / MA100: | +25.08% | |
| Price / MAexp7: | +3.33% | |
| Price / MAexp20: | +7.70% | |
| Price / MAexp50: | +13.34% | |
| Price / MAexp100: | +20.86% |
News
Don"t forget to follow the news on EURONAV. At the time of publication of this analysis, the latest news was as follows:
- Euronav announces second quarter and first half 2019 results
- Euronav announces second quarter and half year results 2018
- Euronav announces first quarter 2018 results
- Euronav announces third quarter results 2017
- Euronav NV to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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