Bel20 (BEL20.BXS)

Close: 3 845.63 (+12.64), Mar 28, 2024
Hold

Low risk

chart Bel20 (BEL20) Candlesticks 22 Days
Candlesticks
chart Bel20 (BEL20) Short term
Short term: Positive
chart Bel20 (BEL20) Medium term
Medium term: Negative
chart Bel20 (BEL20) Long term
Long term: Negative
chart Bel20 (BEL20)
RSI - Relative Strength Index

Short term

Bel20 has broken the rising trend up in the short term. This signals an even stronger rate of growth, but the positive development may result in corrections down in the short term. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 3667 points. RSI above 70 shows that the index has strong positive momentum in the short term. Investors have steadily paid more to buy the index, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the short term.

Recommendation one to six weeks: Positive (Score: 91)

Medium term

Bel20 has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The index is testing resistance at points 3850. This could give a negative reaction, but an upward breakthrough of points 3850 means a positive signal. The index is assessed as technically negative for the medium long term.

Recommendation one to six months: Negative (Score: -54)

Long term

Bel20 has broken through the ceiling of a falling trend channel in the long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The index is approacing resistance at 3950 points, which may give a negative reaction. However, a break upwards through 3950 points will be a positive signal. The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. The index is overall assessed as technically negative for the long term.

Recommendation one to six quarters: Negative (Score: -54)


Overall analysis

Bel20 is technically positive for the short term, but negative for the medium and long term.

Recommendation one to six months: Hold (Score: -10)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.67%0.00+0.33%
5 days0.002.30%0.00+1.52%
22 days0.005.75%0.00+4.03%
66 days0.0010.72%0.00+4.51%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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