Investors have paid higher prices over time to buy Bel20 and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index has support at points 3830 and resistance at points 4330. The index is assessed as technically positive for the medium long term.

Elia Group SA/NV has broken down through the floor of the falling trend channel in the medium long term, which signals an even stronger falling rate. The negative development, however, may give rise to short term corrections up from today's level. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the stock has resistance at 87.00 euro. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the falling trend and could be an early signal of a coming trend break. RSI below 30 shows that the momentum of the stock is strongly negative in the short term. Investor have steadily reduced the price to sell the stock, which indicates increasing pessimism and continued falling prices. The stock is overall assessed as technically negative for the medium long term.