Londinia Opportunities Analyses - 02/02/2023 (GMT) EURONAV - 1H

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Type:	Stocks
Ticker:	EURN
ISIN:	BE0003816338

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 14.55 EUR

My targets

15.33 EUR (+3.09%)

15.65 EUR (+5.25%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EURONAV as long as the price remains well above 14.55 EUR. The buyers' bullish objective is set at 15.33 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.65 EUR. If there is any crossing, the next objective would be the resistance located at 16.75 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

EURONAV rating 14.87 EUR. On the day, this instrument gained +1.78% with the lowest point at 14.80 EUR and the highest point at 14.93 EUR. The deviation from the price is +0.47% for the low point and -0.40% for the high point.

14.80

14.93

14.87

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this 1H chart of EURONAV indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.20	14.06	14.55	14.87	15.65	16.75	17.60
Change (%)	-11.23%	-5.45%	-2.15%	-	+5.25%	+12.64%	+18.36%
Change	-1.67	-0.81	-0.32	-	+0.78	+1.88	+2.73
Level	Minor	Major	Major	-	Major	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	14.11	14.28	14.45	14.62	14.79	14.96	15.13
Camarilla	14.52	14.55	14.58	14.61	14.64	14.67	14.70
Woodie	14.10	14.28	14.44	14.62	14.78	14.96	15.12
Fibonacci	14.28	14.41	14.49	14.62	14.75	14.83	14.96

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.53	13.79	14.13	14.39	14.73	14.99	15.33
Camarilla	14.31	14.36	14.42	14.47	14.53	14.58	14.64
Woodie	13.57	13.81	14.17	14.41	14.77	15.01	15.37
Fibonacci	13.79	14.02	14.16	14.39	14.62	14.76	14.99

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.33	9.67	12.07	14.41	16.81	19.15	21.55
Camarilla	13.17	13.60	14.04	14.47	14.91	15.34	15.77
Woodie	7.36	9.69	12.10	14.43	16.84	19.17	21.58
Fibonacci	9.67	11.48	12.60	14.41	16.22	17.34	19.15

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):	55.63
MACD (12,26,9):	0.0700
Directional Movement:	9.62
AROON (14):	64.28
DEMA (21):	14.59
Parabolic SAR (0,02-0,02-0,2):	14.80
Elder Ray (13):	0
Super Trend (3,10):	14.32
Zig ZAG (10):	14.61
VORTEX (21):	1.0600
Stochastique (14,3,5):	64.00
TEMA (21):	14.63
Williams %R (14):	-38.00
Chande Momentum Oscillator (20):	0.25
Repulse (5,40,3):	0.1500
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	2.91

MA7:	14.43
MA20:	14.17
MA50:	16.02
MA100:	16.83
MAexp7:	14.58
MAexp20:	14.51
MAexp50:	14.43
MAexp100:	14.38
Price / MA7:	+3.05%
Price / MA20:	+4.94%
Price / MA50:	-7.18%
Price / MA100:	-11.65%
Price / MAexp7:	+1.99%
Price / MAexp20:	+2.48%
Price / MAexp50:	+3.05%
Price / MAexp100:	+3.41%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

Don't forget to follow the news on EURONAV. At the time of publication of this analysis, the latest news was as follows: