Elia System Operator SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Monday for Elia System Operator SA
(Updated on Jul 13, 2020)
The Elia System Operator SA stock price gained 0.523% on the last trading day (Monday, 13th Jul 2020), rising from 95.60€ to 96.10€. During the last trading day the stock fluctuated 2.44% from a day low at 94.30€ to a day high of 96.60€. The price has fallen in 6 of the last 10 days but is still up by 7.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 65 thousand shares were bought and sold for approximately 6.25€ million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 96.56€. A reaction back to this level may hold a second chance to get out before further falls.
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ELI.BB Signals & Forecast
The Elia System Operator SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 97.23€. On a fall, the stock will find some support from the long-term average at approximately 89.14€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, July 10, 2020, and so far it has risen 0.523%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Elia System Operator SA stock
Elia System Operator SA finds support from accumulated volume at 95.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 2.30€ between high and low, or 2.44%. For the last week the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: 89.95€ (-6.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (ELI.BB) For The Upcoming Trading Day Of Tuesday 14th
Since the stock is closer to the support from accumulated volume at 95.00€ (1.14%) than the resistance at 98.80€ (2.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Elia System Operator SA stock A Buy?
Elia System Operator SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Elia System Operator SA of Tuesday, July 14, 2020
| Fair opening price July 14, 2020 | Current price |
|---|---|
| 95.67€ ( 0.451%) | 96.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELI.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 97.97 | 1.94 % | |
| R2 | 97.09 | 1.03 % | ||
| R1 | 96.55 | 0.463 % | ||
| Current price: | 96.10 | |||
| Support | S1 | 94.79 | -1.37 % | |
| S2 | 94.25 | -1.93 % | ||
| S3 | 93.37 | -2.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.00 | 4.06 % | |
| R2 | 98.90 | 2.91 % | ||
| R1 | 98.80 | 2.81 % | ||
| Current price | 96.10 | |||
| Support | S1 | 95.00 | -1.14% | |
| S2 | 91.00 | -5.31% | ||
| S3 | 87.60 | -8.84% |
FAQ
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