ESTX CHEM EUR (PRICE)

SX4E

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	SX4E
ISIN:	EU0009658228

ESTX CHEM EUR (PRICE) - Daily - Technical analysis published on 07/19/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

28%

My opinion

Bullish above 1,407.94 EUR

My targets

1,476.00 EUR (+2.61%)

1,497.98 EUR (+4.13%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ESTX CHEM EUR (PRICE) as long as the price remains well above 1,407.94 EUR. The buyers' bullish objective is set at 1,476.00 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,497.98 EUR. If there is any crossing, the next objective would be the resistance located at 1,558.71 EUR.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ESTX CHEM EUR (PRICE) rating is 1,438.52 EUR. The price registered a decrease of -0.04% on the session and was between 1,436.99 EUR and 1,446.57 EUR. This implies that the price is at +0.11% from its lowest and at -0.56% from its highest.

1,436.99

1,446.57

1,438.52

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ESTX CHEM EUR (PRICE) indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bearish harami

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,339.43	1,369.05	1,407.94	1,438.52	1,450.34	1,476.00	1,497.98
Change (%)	-6.89%	-4.83%	-2.13%	-	+0.82%	+2.61%	+4.13%
Change	-99.09	-69.47	-30.58	-	+11.82	+37.48	+59.46
Level	Intermediate	Major	Intermediate	-	Major	Minor	Intermediate

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	1,398.74	1,407.82	1,423.44	1,432.52	1,448.14	1,457.22	1,472.84
Camarilla	1,432.26	1,434.52	1,436.79	1,439.05	1,441.31	1,443.58	1,445.84
Woodie	1,402.00	1,409.46	1,426.70	1,434.16	1,451.40	1,458.86	1,476.10
Fibonacci	1,407.82	1,417.26	1,423.09	1,432.52	1,441.96	1,447.79	1,457.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,339.88	1,366.15	1,398.20	1,424.47	1,456.52	1,482.79	1,514.84
Camarilla	1,414.20	1,419.55	1,424.89	1,430.24	1,435.59	1,440.93	1,446.28
Woodie	1,342.76	1,367.60	1,401.08	1,425.92	1,459.40	1,484.24	1,517.72
Fibonacci	1,366.15	1,388.43	1,402.20	1,424.47	1,446.75	1,460.52	1,482.79

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,305.53	1,336.73	1,383.28	1,414.48	1,461.03	1,492.23	1,538.78
Camarilla	1,408.44	1,415.57	1,422.69	1,429.82	1,436.95	1,444.07	1,451.20
Woodie	1,313.20	1,340.57	1,390.95	1,418.32	1,468.70	1,496.07	1,546.45
Fibonacci	1,336.73	1,366.43	1,384.78	1,414.48	1,444.18	1,462.53	1,492.23

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):	56.56
MACD (12,26,9):	4.0600
Directional Movement:	6.88
AROON (14):	35.72
DEMA (21):	1,422.63
Parabolic SAR (0,02-0,02-0,2):	1,380.05
Elder Ray (13):	18.80
Super Trend (3,10):	1,385.81
Zig ZAG (10):	1,438.52
VORTEX (21):	1.1600
Stochastique (14,3,5):	78.97
TEMA (21):	1,431.66
Williams %R (14):	-14.44
Chande Momentum Oscillator (20):	7.61
Repulse (5,40,3):	0.7500
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	2.84

MA7:	1,430.79
MA20:	1,413.52
MA50:	1,423.58
MA100:	1,432.82
MAexp7:	1,429.12
MAexp20:	1,420.31
MAexp50:	1,423.01
MAexp100:	1,420.85
Price / MA7:	+0.54%
Price / MA20:	+1.77%
Price / MA50:	+1.05%
Price / MA100:	+0.40%
Price / MAexp7:	+0.66%
Price / MAexp20:	+1.28%
Price / MAexp50:	+1.09%
Price / MAexp100:	+1.24%

Quotes : - 15 min delayed data - STOXX Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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