ESTX TELECOM EUR (PRICE) - 1H - Technical analysis published on 08/04/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 293.67 EUR
My targets
290.56 EUR (-0.44%)
288.64 EUR (-1.10%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ESTX TELECOM EUR (PRICE) as long as the price remains well below 293.67 EUR. The sellers' bearish objective is set at 290.56 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 288.64 EUR. In case of crossing, the next objective would be the support located at 287.60 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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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 TELECOM EUR (PRICE) price is 291.84 EUR. The price is lower by -0.17% since the last closing with the lowest point at 290.59 EUR and the highest point at 293.21 EUR. The deviation from the price is +0.43% for the low point and -0.47% for the high point.290.59
293.21
291.84
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 TELECOM EUR (PRICE):
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ESTX TELECOM EUR (PRICE) in 1H shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by 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, 4 are bullish, 4 are neutral and 10 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 287.60 | 288.64 | 290.56 | 291.84 | 293.67 | 294.71 | 296.86 |
| Change (%) | -1.45% | -1.10% | -0.44% | - | +0.63% | +0.98% | +1.72% |
| Change | -4.24 | -3.20 | -1.28 | - | +1.83 | +2.87 | +5.02 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 287.42 | 289.38 | 290.87 | 292.83 | 294.32 | 296.28 | 297.77 |
| Camarilla | 291.40 | 291.72 | 292.03 | 292.35 | 292.67 | 292.98 | 293.30 |
| Woodie | 287.18 | 289.26 | 290.63 | 292.71 | 294.08 | 296.16 | 297.53 |
| Fibonacci | 289.38 | 290.70 | 291.52 | 292.83 | 294.15 | 294.97 | 296.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 280.43 | 284.02 | 288.62 | 292.21 | 296.81 | 300.40 | 305.00 |
| Camarilla | 290.98 | 291.73 | 292.48 | 293.23 | 293.98 | 294.73 | 295.48 |
| Woodie | 280.95 | 284.27 | 289.14 | 292.46 | 297.33 | 300.65 | 305.52 |
| Fibonacci | 284.02 | 287.15 | 289.08 | 292.21 | 295.34 | 297.27 | 300.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 274.03 | 280.82 | 287.02 | 293.81 | 300.01 | 306.80 | 313.00 |
| Camarilla | 289.66 | 290.85 | 292.04 | 293.23 | 294.42 | 295.61 | 296.80 |
| Woodie | 273.75 | 280.67 | 286.74 | 293.66 | 299.73 | 306.65 | 312.72 |
| Fibonacci | 280.82 | 285.78 | 288.84 | 293.81 | 298.77 | 301.83 | 306.80 |
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): | 41.76 | |
| MACD (12,26,9): | -0.6000 | |
| Directional Movement: | -17.15 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 292.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 293.84 | |
| Elder Ray (13): | -0.88 | |
| Super Trend (3,10): | 294.75 | |
| Zig ZAG (10): | 291.70 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 22.13 | |
| TEMA (21): | 291.46 | |
| Williams %R (14): | -74.69 | |
| Chande Momentum Oscillator (20): | -0.17 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.81 |
| MA7: | 292.90 | |
| MA20: | 294.04 | |
| MA50: | 294.86 | |
| MA100: | 294.90 | |
| MAexp7: | 291.95 | |
| MAexp20: | 292.79 | |
| MAexp50: | 293.05 | |
| MAexp100: | 293.20 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -0.75% | |
| Price / MA50: | -1.02% | |
| Price / MA100: | -1.04% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | -0.46% |
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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