BRU:ELI
Delisted

Elia System Operator SA Stock Forecast

96.10€
+0.500 (+0.523%)
At Close: Jul 13, 2020
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Green day on Monday for Elia System Operator SA
(Updated on Jul 13, 2020)

Buy or Hold candidate since Apr 16, 2020 Gain 5.60% PDF

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

What is the symbol for Elia System Operator SA Stock and on which exchange is it traded?
The symbol for Elia System Operator SA is ELI.BB and it is traded on the BRU (Euronext Brussels).

Should I buy or sell Elia System Operator SA Stock?
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.

How to buy Elia System Operator SA Stock?
Elia System Operator SA Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Elia System Operator SA Stock.

What's the current price of Elia System Operator SA Stock?
As of the end of day on the 2020-07-13, the price of an Elia System Operator SA (ELI.BB) share was 96.10€.

What is the 52-week high and low for Elia System Operator SA Stock?
The 52-week high for Elia System Operator SA Stock is 100.80€ and the 52-week low is 65.10€.

What is the market capitalization of Elia System Operator SA Stock?
As of the 2020-07-13, the market capitalization of Elia System Operator SA is 7.352B.
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