ELIA GROUP SA/NV (ELI.BR) Stock Technical Analysis
EBR:ELI - Euronext Brussels - BE0003822393 - Common Stock - Currency: EUR
We assign a technical rating of 6 out of 10 to ELI. In the last year, ELI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, ELI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 84.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 83.99, a Stop Loss order could be placed below this zone.
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60.69
When analyzing the support we can see 3 important areas.
- Support @64.77 from a trend line in the daily time frame.
- Support @63.10 from a horizontal line in the daily time frame.
- Support @61.30 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 82.00 to 86.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @95.54 from a trend line in the weekly time frame.
- Resistance @102.80 from a horizontal line in the weekly time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 86.06 | 81.99 | 4.07 (4.73%) | 21.14% |
| An entry @86.06. This is a Buy Stop order right above the resistance zone. | An exit @81.99. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.07 points, which is 4.73%. | When investing 21.14% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ELI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EBR:ELI (3/27/2025, 10:35:09 AM)
81.05
-2.95 (-3.51%)