ESTX TECH EUR (PRICE) - 1H - Technical analysis published on 02/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 842.17 EUR
My targets
824.39 EUR (-0.61%)
817.56 EUR (-1.43%)
My analysis
ESTX TECH EUR (PRICE) is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 842.17 EUR. The next support located at 824.39 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 817.56 EUR. Below this support, sellers could then target 786.22 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ESTX TECH EUR (PRICE) price is 829.45 EUR. On the day, this instrument lost -0.03% and was traded between 821.12 EUR and 831.34 EUR over the period. The price is currently at +1.01% from its lowest and -0.23% from its highest.821.12
831.34
829.45
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
Here is a more detailed summary of the historical variations registered by ESTX TECH EUR (PRICE):
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ESTX TECH EUR (PRICE) indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish 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, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 786.22 | 817.56 | 824.39 | 829.45 | 830.25 | 842.17 | 848.16 |
| Change (%) | -5.21% | -1.43% | -0.61% | - | +0.10% | +1.53% | +2.26% |
| Change | -43.23 | -11.89 | -5.06 | - | +0.80 | +12.72 | +18.71 |
| Level | Major | Intermediate | Minor | - | Minor | Major | 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 | 807.14 | 815.78 | 822.74 | 831.38 | 838.34 | 846.98 | 853.94 |
| Camarilla | 825.40 | 826.83 | 828.26 | 829.69 | 831.12 | 832.55 | 833.98 |
| Woodie | 806.29 | 815.36 | 821.89 | 830.96 | 837.49 | 846.56 | 853.09 |
| Fibonacci | 815.78 | 821.74 | 825.42 | 831.38 | 837.34 | 841.02 | 846.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 805.02 | 823.57 | 836.11 | 854.66 | 867.20 | 885.75 | 898.29 |
| Camarilla | 840.10 | 842.95 | 845.80 | 848.65 | 851.50 | 854.35 | 857.20 |
| Woodie | 802.02 | 822.07 | 833.11 | 853.16 | 864.20 | 884.25 | 895.29 |
| Fibonacci | 823.57 | 835.45 | 842.78 | 854.66 | 866.54 | 873.87 | 885.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 617.58 | 666.54 | 748.35 | 797.31 | 879.12 | 928.08 | 1,009.89 |
| Camarilla | 794.20 | 806.19 | 818.17 | 830.16 | 842.15 | 854.14 | 866.12 |
| Woodie | 634.01 | 674.75 | 764.78 | 805.52 | 895.55 | 936.29 | 1,026.32 |
| Fibonacci | 666.54 | 716.49 | 747.36 | 797.31 | 847.26 | 878.13 | 928.08 |
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): | 40.28 | |
| MACD (12,26,9): | -5.2900 | |
| Directional Movement: | -14.40 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 824.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 831.34 | |
| Elder Ray (13): | -0.23 | |
| Super Trend (3,10): | 838.55 | |
| Zig ZAG (10): | 828.08 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 50.60 | |
| TEMA (21): | 824.42 | |
| Williams %R (14): | -54.94 | |
| Chande Momentum Oscillator (20): | -4.01 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 2.02 |
| MA7: | 848.03 | |
| MA20: | 851.48 | |
| MA50: | 806.03 | |
| MA100: | 762.16 | |
| MAexp7: | 828.19 | |
| MAexp20: | 832.32 | |
| MAexp50: | 841.67 | |
| MAexp100: | 847.03 | |
| Price / MA7: | -2.19% | |
| Price / MA20: | -2.59% | |
| Price / MA50: | +2.91% | |
| Price / MA100: | +8.83% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | -1.45% | |
| Price / MAexp100: | -2.08% |
Quotes :
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15 min delayed data
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STOXX 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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