ESTX TECH EUR (PRICE) - 1H - Technical analysis published on 06/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 906.01 EUR
My targets
877.64 EUR (-1.49%)
871.32 EUR (-2.20%)
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 906.01 EUR. The next support located at 877.64 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 871.32 EUR. Below this support, sellers could then target 853.28 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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 TECH EUR (PRICE) rating is 890.92 EUR. The price is lower by -0.01% since the last closing and was traded between 877.71 EUR and 892.60 EUR over the period. The price is currently at +1.51% from its lowest and -0.19% from its highest.877.71
892.60
890.92
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ESTX TECH EUR (PRICE) in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 871.32 | 877.64 | 890.31 | 890.92 | 906.01 | 914.08 | 927.98 |
| Change (%) | -2.20% | -1.49% | -0.07% | - | +1.69% | +2.60% | +4.16% |
| Change | -19.60 | -13.28 | -0.61 | - | +15.09 | +23.16 | +37.06 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 867.60 | 878.28 | 884.65 | 895.33 | 901.70 | 912.38 | 918.75 |
| Camarilla | 886.32 | 887.88 | 889.45 | 891.01 | 892.57 | 894.14 | 895.70 |
| Woodie | 865.44 | 877.20 | 882.49 | 894.25 | 899.54 | 911.30 | 916.59 |
| Fibonacci | 878.28 | 884.80 | 888.82 | 895.33 | 901.85 | 905.87 | 912.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 875.27 | 888.62 | 903.04 | 916.39 | 930.81 | 944.16 | 958.58 |
| Camarilla | 909.83 | 912.38 | 914.92 | 917.47 | 920.02 | 922.56 | 925.11 |
| Woodie | 875.82 | 888.89 | 903.59 | 916.66 | 931.36 | 944.43 | 959.13 |
| Fibonacci | 888.62 | 899.23 | 905.78 | 916.39 | 927.00 | 933.55 | 944.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 735.87 | 776.14 | 834.78 | 875.05 | 933.69 | 973.96 | 1,032.60 |
| Camarilla | 866.21 | 875.28 | 884.34 | 893.41 | 902.48 | 911.54 | 920.61 |
| Woodie | 745.05 | 780.73 | 843.96 | 879.64 | 942.87 | 978.55 | 1,041.78 |
| Fibonacci | 776.14 | 813.93 | 837.27 | 875.05 | 912.84 | 936.18 | 973.96 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.60 | |
| MACD (12,26,9): | -6.9000 | |
| Directional Movement: | -10.15 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 883.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 877.93 | |
| Elder Ray (13): | 0.82 | |
| Super Trend (3,10): | 893.08 | |
| Zig ZAG (10): | 891.95 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 34.46 | |
| TEMA (21): | 881.23 | |
| Williams %R (14): | -51.78 | |
| Chande Momentum Oscillator (20): | -12.28 | |
| Repulse (5,40,3): | 1.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 4.37 |
| MA7: | 909.76 | |
| MA20: | 906.10 | |
| MA50: | 869.76 | |
| MA100: | 856.39 | |
| MAexp7: | 886.60 | |
| MAexp20: | 893.00 | |
| MAexp50: | 902.43 | |
| MAexp100: | 905.04 | |
| Price / MA7: | -2.07% | |
| Price / MA20: | -1.68% | |
| Price / MA50: | +2.43% | |
| Price / MA100: | +4.03% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -1.28% | |
| Price / MAexp100: | -1.56% |
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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