EURONAV NV (EURN.BR)       18.1  -1.32 (-6.8%)

18.1  -1.32 (-6.8%)

BE0003816338 - Common Stock

Technical Rating

10

We assign a technical rating of 10 out of 10 to EURN. Both in the recent history as in the last year, EURN has proven to be a steady performer, scoring decent points in every aspect analyzed.



Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that EURN is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by EURN over the past year are nicely spread over this period.
EURN is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 94% of 37 stocks in the same industry.
EURN is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so EURN slightly outperforms the market at the moment.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
In the last month EURN has a been trading in the 17.05 - 20.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months 1.41% 10.15% 64.86% 139.52% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 99.61 7.062 - 20.22
EURN Weekly chart
EURN Daily chart

Support/Resistance Analysis


17.11

19.79
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 17.62 to 18.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @17.28 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 18.51 to 18.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 19.47 to 19.59. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

4

Although EURN has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


EURN Daily chart

EURONAV NV18.1

EBR:EURN (12/6/2022, 5:29:45 PM)-1.32 (-6.8%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today -6.8% 1 Week 10.22%
2 Weeks 0.36% 1 Month 1.41%
3 Month 10.15% 6 Month 64.86%
Volatility
ATR(14) 0.93 ATR(20)% 4.63%
ATR Inc -8.43% Range Today 0.95
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 99.61 Mansfield 5.41
10 Day High 20.2 10 Day Low 17.05
20 Day High 20.22 20 Day Low 17.05
52 Week High 20.22 52 Week Low 7.06
CS1 End 18.77 CR1 Start 19.47
Volume & EV
DER(3) 2.12% DER(5) 1.25%
Volume 366.92K Volume Incr 100.65%
Vol(5) 574.56K Vol(50) 357.89K

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