FTSE EURO TOP 100 - 1H - Technical analysis published on 03/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 3,911.73 EUR
My targets
3,950.58 EUR (+0.30%)
3,961.40 EUR (+0.57%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FTSE EURO TOP 100 as long as the price remains well above 3,911.73 EUR. The buyers' bullish objective is set at 3,950.58 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,961.40 EUR. If there is any crossing, the next objective would be the resistance located at 3,980.83 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FTSE EURO TOP 100 rating 3,938.89 EUR. On the day, this instrument lost -0.02% with the lowest point at 3,937.69 EUR and the highest point at 3,951.20 EUR. The deviation from the price is +0.03% for the low point and -0.31% for the high point.3,937.69
3,951.20
3,938.89
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of FTSE EURO TOP 100 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 3,866.14 | 3,911.73 | 3,936.08 | 3,938.89 |
| Change (%) | -1.85% | -0.69% | -0.07% | - |
| Change | -72.75 | -27.16 | -2.81 | - |
| Level | Intermediate | Minor | Intermediate | - |
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 | 3,890.08 | 3,900.90 | 3,920.33 | 3,931.15 | 3,950.58 | 3,961.40 | 3,980.83 |
| Camarilla | 3,931.43 | 3,934.20 | 3,936.98 | 3,939.75 | 3,942.52 | 3,945.30 | 3,948.07 |
| Woodie | 3,894.38 | 3,903.05 | 3,924.63 | 3,933.30 | 3,954.88 | 3,963.55 | 3,985.13 |
| Fibonacci | 3,900.90 | 3,912.46 | 3,919.60 | 3,931.15 | 3,942.71 | 3,949.85 | 3,961.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,890.08 | 3,900.90 | 3,920.33 | 3,931.15 | 3,950.58 | 3,961.40 | 3,980.83 |
| Camarilla | 3,931.43 | 3,934.20 | 3,936.98 | 3,939.75 | 3,942.52 | 3,945.30 | 3,948.07 |
| Woodie | 3,894.38 | 3,903.05 | 3,924.63 | 3,933.30 | 3,954.88 | 3,963.55 | 3,985.13 |
| Fibonacci | 3,900.90 | 3,912.46 | 3,919.60 | 3,931.15 | 3,942.71 | 3,949.85 | 3,961.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,711.97 | 3,763.82 | 3,839.36 | 3,891.21 | 3,966.75 | 4,018.60 | 4,094.14 |
| Camarilla | 3,879.88 | 3,891.56 | 3,903.23 | 3,914.91 | 3,926.59 | 3,938.27 | 3,949.94 |
| Woodie | 3,723.83 | 3,769.74 | 3,851.22 | 3,897.13 | 3,978.61 | 4,024.52 | 4,106.00 |
| Fibonacci | 3,763.82 | 3,812.48 | 3,842.54 | 3,891.21 | 3,939.87 | 3,969.93 | 4,018.60 |
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): | 57.75 | |
| MACD (12,26,9): | 5.3900 | |
| Directional Movement: | 1.75 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 3,942.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,934.27 | |
| Elder Ray (13): | 3.56 | |
| Super Trend (3,10): | 3,920.98 | |
| Zig ZAG (10): | 3,943.60 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 76.41 | |
| TEMA (21): | 3,946.00 | |
| Williams %R (14): | -26.40 | |
| Chande Momentum Oscillator (20): | 6.50 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.82 |
| MA7: | 3,929.39 | |
| MA20: | 3,889.36 | |
| MA50: | 3,808.37 | |
| MA100: | 3,699.95 | |
| MAexp7: | 3,942.56 | |
| MAexp20: | 3,936.36 | |
| MAexp50: | 3,928.02 | |
| MAexp100: | 3,913.16 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +1.27% | |
| Price / MA50: | +3.43% | |
| Price / MA100: | +6.46% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.66% |
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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