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Content
Signals
All indicators - Medium term
Elia Group SA/NVNov 22, 2024
Deme Group N.V.Nov 22, 2024
Tessenderlo Chemie NVNov 22, 2024
Ion Beam Applications Nov 22, 2024
Ascencio ScaNov 22, 2024

The market rallied Friday, and Bel20 closed at 4228 points after an increase of 1.7 percent. The index has never gained more in one day since Sep 9, when it was up 1.7 percent. The week as a whole showed a gain of 1.6 percent.

77 shares showed a gain and 33 showed a loss. 11 shares were unchanged and closed at the same price as the previous day. There was no trading in 103 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 0.8 billion.

Montea NV closed at 65.80 euro after a solid gain of 3.8 percent. We must go back to Nov 14. 2023 to find an equally strong rise. That time the stock gained 5.6 percent. It was also high volume. Overall it was traded for 5 millions euro in the stock, which is three times as much as normal daily turnover. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Warehouses De Pauw SA closed at 20.72 euro after posting a gain of 3.0 percent. We must go back to May 15 to find an equally strong rise. That time the stock gained 4.3 percent. It does, however, not look good technically. The stock is trend wise negative in the medium term, has resistance at 22.60 euro and a further decline is indicated.
Elia Group SA/NV rose sharply to close at 87.20 euro, up 3.4 percent. The stock has never gained more in one day since Aug 13, when it was up 3.5 percent. Technically it also looks good. The stock is trend wise negative in the medium term, but has marginally broken up through resistance at 87.00 euro.
Cofinimmo ended with a solid gain of 2.6 percent and closed at 56.30 euro. We must go back to Sep 5 to find an equally strong rise. That time the stock gained 3.1 percent. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated.
GALAPAGOS ended with a solid gain of 5.9 percent and closed at 25.38 euro. The stock has never gained more in one day since Oct 7, when it was up 6.7 percent. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.

Euronext Amsterdam sharply higher
The market rallied Friday, and AEX-index closed at 880 points after an increase of 1.6 percent. The index has never gained more in one day since Sep 19, when it was up 1.8 percent. The week as a whole showed a gain of 2.0 percent.

US 500 rises for the fifth day in a row
The market showed a small gain Friday, and S&P 500 ended the day at 5969 points, which is an increase of 0.3 percent. The week as a whole showed a gain of 1.7 percent. The index has now closed up for the fifth day in a row.

Indices
Bel20
arrow yellow   Neutral
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 price has reacted back after meeting the objective at 4117 after the break of the rectangle formation. A significant penetation of 4208 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index has support at points 4030 and resistance at points 4330. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically neutral for the medium long term.
AEX-index
arrow green   Weak Positive Candidate
AEX-index has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has support at points 860 and resistance at points 922. The index is assessed as technically slightly positive for the medium long term.
S&P 500
arrow green   Positive Candidate
S&P 500 is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. 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 5670 points. The index is assessed as technically positive for the medium long term.
Today´s Case
Elia Group SA/NV (ELI) Price 87.20, Nov 22, 2024
chart
Elia Group SA/NV is in a falling trend channel in the medium long term. Falling trends indicate that the company experiences negative development and falling buy interest among investors. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock has marginally broken up through resistance at euro 87.00. An established break predicts a further rise. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX1.58%879.80
CAC400.58%7255.01
COMPX0.16%19004.00
DAX0.92%19323
HEX0.56%9559.33
N1000.62%1443.61
OMXC25GI1.68%2144.92
OMXSPI1.02%956.89
OSEBX0.26%1468.66
PSI200.76%6409.00
TECDAX1.23%3370.04
BUK100P1.41%831.38
EURUSD-0.67%1.0400
CL (OIL)1.63%71.24
Indices Evaluations
 SML
AEXnegpospos
CAC40negnegneutral
COMPXpospospos
DAXneutralpospos
HEXnegnegneg
N100neutralnegpos
OMXC25GInegneutralneg
OMXSPInegneutralpos
OSEBXpospospos
PSI20negnegneutral
TECDAXpospospos
BUK100Pnegpospos
EURUSDnegnegneg
CL (OIL)negneutralpos

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
BEL 20 - Medium term
 
      
45% 30% 25%
 9 Buy Candidates
 6 Neutral
 5 Sell Candidates
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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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