PRT BE INDEX - 1H - Technical analysis published on 07/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
11%
33%
56%
My opinion
Bullish above 3,480.48 EUR
My targets
3,564.30 EUR (+0.62%)
3,637.26 EUR (+2.68%)
My analysis
PRT BE INDEX is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 3,480.48 EUR, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 3,564.30 EUR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 3,637.26 EUR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 3,703.09 EUR. Beware of a possible return to under the support located at 3,480.48 EUR which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.8
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Additional analysis
Quotes
The PRT BE INDEX price is 3,542.34 EUR. On the day, this instrument lost -0.02% and was traded between 3,540.33 EUR and 3,565.75 EUR over the period. The price is currently at +0.06% from its lowest and -0.66% from its highest.3,540.33
3,565.75
3,542.34
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of PRT BE INDEX indicates that the overall trend is slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,415.29 | 3,480.48 | 3,536.31 | 3,542.34 | 3,564.30 | 3,637.26 | 3,703.09 |
| Change (%) | -3.59% | -1.75% | -0.17% | - | +0.62% | +2.68% | +4.54% |
| Change | -127.05 | -61.86 | -6.03 | - | +21.96 | +94.92 | +160.75 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,507.78 | 3,524.05 | 3,533.20 | 3,549.47 | 3,558.62 | 3,574.89 | 3,584.04 |
| Camarilla | 3,535.35 | 3,537.68 | 3,540.01 | 3,542.34 | 3,544.67 | 3,547.00 | 3,549.33 |
| Woodie | 3,504.21 | 3,522.27 | 3,529.63 | 3,547.69 | 3,555.05 | 3,573.11 | 3,580.47 |
| Fibonacci | 3,524.05 | 3,533.76 | 3,539.76 | 3,549.47 | 3,559.18 | 3,565.18 | 3,574.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,319.34 | 3,367.31 | 3,455.25 | 3,503.22 | 3,591.16 | 3,639.13 | 3,727.07 |
| Camarilla | 3,505.81 | 3,518.26 | 3,530.72 | 3,543.18 | 3,555.64 | 3,568.10 | 3,580.56 |
| Woodie | 3,339.32 | 3,377.30 | 3,475.23 | 3,513.21 | 3,611.14 | 3,649.12 | 3,747.05 |
| Fibonacci | 3,367.31 | 3,419.23 | 3,451.31 | 3,503.22 | 3,555.14 | 3,587.22 | 3,639.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,116.82 | 3,266.05 | 3,404.62 | 3,553.85 | 3,692.42 | 3,841.65 | 3,980.22 |
| Camarilla | 3,464.04 | 3,490.42 | 3,516.80 | 3,543.18 | 3,569.56 | 3,595.94 | 3,622.33 |
| Woodie | 3,111.48 | 3,263.39 | 3,399.28 | 3,551.19 | 3,687.08 | 3,838.99 | 3,974.88 |
| Fibonacci | 3,266.05 | 3,375.99 | 3,443.91 | 3,553.85 | 3,663.79 | 3,731.71 | 3,841.65 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.26 | |
| MACD (12,26,9): | 12.0100 | |
| Directional Movement: | 11.48 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 3,554.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,563.41 | |
| Elder Ray (13): | -2.22 | |
| Super Trend (3,10): | 3,533.37 | |
| Zig ZAG (10): | 3,541.18 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 46.84 | |
| TEMA (21): | 3,561.34 | |
| Williams %R (14): | -67.93 | |
| Chande Momentum Oscillator (20): | -0.64 | |
| Repulse (5,40,3): | -0.2700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.58 |
| MA7: | 3,512.45 | |
| MA20: | 3,587.17 | |
| MA50: | 3,663.91 | |
| MA100: | 3,733.48 | |
| MAexp7: | 3,548.24 | |
| MAexp20: | 3,538.34 | |
| MAexp50: | 3,528.02 | |
| MAexp100: | 3,542.61 | |
| Price / MA7: | +0.85% | |
| Price / MA20: | -1.25% | |
| Price / MA50: | -3.32% | |
| Price / MA100: | -5.12% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | -0.01% |
Quotes :
-
15 min delayed data
-
Euronext Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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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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