Londinia Opportunities Analyses - 01/20/2022 (GMT) TELENET GROUP - 1H

Type:	Stocks
Ticker:	TNET
ISIN:	BE0003826436

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 33.72 EUR

My targets

35.06 EUR (+1.98%)

35.62 EUR (+3.61%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TELENET GROUP as long as the price remains well above 33.72 EUR. The buyers' bullish objective is set at 35.06 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 35.62 EUR. If there is any crossing, the next objective would be the resistance located at 38.50 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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.

Additional analysis

Quotes

The TELENET GROUP price is 34.38 EUR. The price registered an increase of +0.64% on the session and was traded between 34.20 EUR and 34.40 EUR over the period. The price is currently at +0.53% from its lowest and -0.06% from its highest.

34.20

34.40

34.38

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this TELENET GROUP chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	32.85	33.72	34.36	34.38	35.06	35.62	38.50
Change (%)	-4.45%	-1.92%	-0.06%	-	+1.98%	+3.61%	+11.98%
Change	-1.53	-0.66	-0.02	-	+0.68	+1.24	+4.12
Level	Minor	Major	Intermediate	-	Minor	Intermediate	Intermediate

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	33.59	33.79	33.97	34.17	34.35	34.55	34.73
Camarilla	34.06	34.09	34.13	34.16	34.20	34.23	34.27
Woodie	33.59	33.79	33.97	34.17	34.35	34.55	34.73
Fibonacci	33.79	33.93	34.02	34.17	34.31	34.40	34.55

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.52	32.10	33.12	33.70	34.72	35.30	36.32
Camarilla	33.70	33.85	33.99	34.14	34.29	34.43	34.58
Woodie	31.74	32.21	33.34	33.81	34.94	35.41	36.54
Fibonacci	32.10	32.71	33.09	33.70	34.31	34.69	35.30

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.97	28.85	30.45	31.33	32.93	33.81	35.41
Camarilla	31.38	31.61	31.83	32.06	32.29	32.52	32.74
Woodie	28.34	29.03	30.82	31.51	33.30	33.99	35.78
Fibonacci	28.85	29.79	30.38	31.33	32.27	32.86	33.81

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.94
MACD (12,26,9):	0.0900
Directional Movement:	9.00
AROON (14):	50.00
DEMA (21):	34.14
Parabolic SAR (0,02-0,02-0,2):	33.94
Elder Ray (13):	0.03
Super Trend (3,10):	34.27
Zig ZAG (10):	34.16
VORTEX (21):	1.1000
Stochastique (14,3,5):	61.45
TEMA (21):	34.13
Williams %R (14):	-35.71
Chande Momentum Oscillator (20):	0.12
Repulse (5,40,3):	0.6000
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	1.52

MA7:	33.77
MA20:	32.61
MA50:	31.22
MA100:	31.03
MAexp7:	34.09
MAexp20:	34.02
MAexp50:	33.79
MAexp100:	33.36
Price / MA7:	+1.81%
Price / MA20:	+5.43%
Price / MA50:	+10.12%
Price / MA100:	+10.80%
Price / MAexp7:	+0.85%
Price / MAexp20:	+1.06%
Price / MAexp50:	+1.75%
Price / MAexp100:	+3.06%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

The latest news and videos published on TELENET GROUP at the time of the analysis were as follows: