PRT BE INDEX - Daily - Technical analysis published on 10/13/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 3,434.22 EUR
My targets
3,147.12 EUR (-4.96%)
3,033.50 EUR (-8.39%)
My analysis
The bearish trend is currently very strong for PRT BE INDEX. As long as the price remains below the resistance at 3,434.22 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 3,147.12 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3,033.50 EUR as an objective. Crossing it would then enable sellers to target 2,770.81 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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Additional analysis
Quotes
The PRT BE INDEX price is 3,311.40 EUR. The price is lower by -0.07% since the last closing and was between 3,269.90 EUR and 3,353.54 EUR. This implies that the price is at +1.27% from its lowest and at -1.26% from its highest.3,269.90
3,353.54
3,311.40
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this PRT BE INDEX chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,528.77 | 2,770.81 | 3,147.12 | 3,311.40 | 3,324.99 | 3,434.22 | 3,533.13 |
| Change (%) | -23.63% | -16.33% | -4.96% | - | +0.41% | +3.71% | +6.70% |
| Change | -782.63 | -540.59 | -164.28 | - | +13.59 | +122.82 | +221.73 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,267.83 | 3,286.27 | 3,300.04 | 3,318.48 | 3,332.25 | 3,350.69 | 3,364.46 |
| Camarilla | 3,304.96 | 3,307.92 | 3,310.87 | 3,313.82 | 3,316.77 | 3,319.73 | 3,322.68 |
| Woodie | 3,265.51 | 3,285.10 | 3,297.72 | 3,317.31 | 3,329.93 | 3,349.52 | 3,362.14 |
| Fibonacci | 3,286.27 | 3,298.57 | 3,306.17 | 3,318.48 | 3,330.78 | 3,338.38 | 3,350.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,892.03 | 3,034.63 | 3,200.37 | 3,342.97 | 3,508.71 | 3,651.31 | 3,817.05 |
| Camarilla | 3,281.33 | 3,309.59 | 3,337.86 | 3,366.12 | 3,394.39 | 3,422.65 | 3,450.91 |
| Woodie | 2,903.61 | 3,040.42 | 3,211.95 | 3,348.76 | 3,520.29 | 3,657.10 | 3,828.63 |
| Fibonacci | 3,034.63 | 3,152.41 | 3,225.18 | 3,342.97 | 3,460.75 | 3,533.52 | 3,651.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,764.25 | 3,033.50 | 3,201.85 | 3,471.10 | 3,639.45 | 3,908.70 | 4,077.05 |
| Camarilla | 3,249.87 | 3,289.98 | 3,330.10 | 3,370.21 | 3,410.32 | 3,450.44 | 3,490.55 |
| Woodie | 2,713.81 | 3,008.28 | 3,151.41 | 3,445.88 | 3,589.01 | 3,883.48 | 4,026.61 |
| Fibonacci | 3,033.50 | 3,200.66 | 3,303.93 | 3,471.10 | 3,638.26 | 3,741.53 | 3,908.70 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 29.53 | |
| MACD (12,26,9): | -75.1500 | |
| Directional Movement: | -28.75 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 3,325.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,243.15 | |
| Elder Ray (13): | -73.37 | |
| Super Trend (3,10): | 3,505.37 | |
| Zig ZAG (10): | 3,289.76 | |
| VORTEX (21): | 0.6900 | |
| Stochastique (14,3,5): | 43.14 | |
| TEMA (21): | 3,310.16 | |
| Williams %R (14): | -60.49 | |
| Chande Momentum Oscillator (20): | -91.54 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 7.75 |
| MA7: | 3,368.03 | |
| MA20: | 3,423.41 | |
| MA50: | 3,592.66 | |
| MA100: | 3,678.16 | |
| MAexp7: | 3,351.91 | |
| MAexp20: | 3,422.56 | |
| MAexp50: | 3,544.37 | |
| MAexp100: | 3,669.90 | |
| Price / MA7: | -1.68% | |
| Price / MA20: | -3.27% | |
| Price / MA50: | -7.83% | |
| Price / MA100: | -9.97% | |
| Price / MAexp7: | -1.21% | |
| Price / MAexp20: | -3.25% | |
| Price / MAexp50: | -6.57% | |
| Price / MAexp100: | -9.77% |
Quotes :
-
15 min delayed data
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Euronext Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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