ESTX TECH EUR (PRICE) - 1H - Technical analysis published on 11/29/2023 (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
72%
6%
22%
My opinion
Bullish above 916.80 EUR
My targets
933.66 EUR (+0.95%)
938.66 EUR (+1.49%)
My analysis
ESTX TECH EUR (PRICE) is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 916.80 EUR. The next resistance located at 933.66 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 938.66 EUR. After this resistance, buyers could then target 1,040.24 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
ESTX TECH EUR (PRICE) rating 924.88 EUR. The price has increased by +1.70% since the last closing with the lowest point at 907.43 EUR and the highest point at 927.93 EUR. The deviation from the price is +1.92% for the low point and -0.33% for the high point.907.43
927.93
924.88
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
Here is a more detailed summary of the historical variations registered by ESTX TECH EUR (PRICE):
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ESTX TECH EUR (PRICE) in 1H shows a strongly overall bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 872.88 | 901.25 | 916.80 | 924.88 | 933.66 | 1,040.24 |
Change (%) | -5.62% | -2.55% | -0.87% | - | +0.95% | +12.47% |
Change | -52.00 | -23.63 | -8.08 | - | +8.78 | +115.36 |
Level | Major | Intermediate | Intermediate | - | Major | Major |
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 | 900.01 | 903.06 | 906.23 | 909.28 | 912.45 | 915.50 | 918.67 |
Camarilla | 907.70 | 908.27 | 908.84 | 909.41 | 909.98 | 910.55 | 911.12 |
Woodie | 900.08 | 903.09 | 906.30 | 909.31 | 912.52 | 915.53 | 918.74 |
Fibonacci | 903.06 | 905.43 | 906.90 | 909.28 | 911.65 | 913.12 | 915.50 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 886.10 | 893.64 | 903.62 | 911.16 | 921.14 | 928.68 | 938.66 |
Camarilla | 908.77 | 910.38 | 911.98 | 913.59 | 915.20 | 916.80 | 918.41 |
Woodie | 887.31 | 894.25 | 904.83 | 911.77 | 922.35 | 929.29 | 939.87 |
Fibonacci | 893.64 | 900.34 | 904.47 | 911.16 | 917.86 | 921.99 | 928.68 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 710.42 | 745.06 | 776.12 | 810.76 | 841.82 | 876.46 | 907.52 |
Camarilla | 789.11 | 795.14 | 801.16 | 807.18 | 813.20 | 819.23 | 825.25 |
Woodie | 708.63 | 744.17 | 774.33 | 809.87 | 840.03 | 875.57 | 905.73 |
Fibonacci | 745.06 | 770.16 | 785.66 | 810.76 | 835.86 | 851.36 | 876.46 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 65.19 | |
MACD (12,26,9): | 3.6400 | |
Directional Movement: | 17.74 | |
AROON (14): | 71.43 | |
DEMA (21): | 922.57 | |
Parabolic SAR (0,02-0,02-0,2): | 914.40 | |
Elder Ray (13): | 5.45 | |
Super Trend (3,10): | 915.31 | |
Zig ZAG (10): | 924.57 | |
VORTEX (21): | 1.1500 | |
Stochastique (14,3,5): | 93.22 | |
TEMA (21): | 925.09 | |
Williams %R (14): | -15.39 | |
Chande Momentum Oscillator (20): | 14.92 | |
Repulse (5,40,3): | 0.2200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0300 | |
Courbe Coppock: | 3.09 |
MA7: | 913.12 | |
MA20: | 886.91 | |
MA50: | 840.92 | |
MA100: | 856.49 | |
MAexp7: | 923.38 | |
MAexp20: | 918.45 | |
MAexp50: | 913.78 | |
MAexp100: | 903.69 | |
Price / MA7: | +1.29% | |
Price / MA20: | +4.28% | |
Price / MA50: | +9.98% | |
Price / MA100: | +7.98% | |
Price / MAexp7: | +0.16% | |
Price / MAexp20: | +0.70% | |
Price / MAexp50: | +1.21% | |
Price / MAexp100: | +2.34% |
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.
About author
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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