ESTX TELECOM EUR (PRICE) - Daily - Technical analysis published on 08/12/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 300.12 EUR
My targets
282.87 EUR (-3.38%)
275.63 EUR (-5.86%)
My analysis
There is a bearish trend on ESTX TELECOM EUR (PRICE) both at the basic level and in the short term. A sale could be considered, so long as the price remains below 300.12 EUR. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 282.87 EUR. Then the price could move towards 275.63 EUR. Then 262.06 EUR by extension. Be careful, a return to above the resistance 300.12 EUR would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.3
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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 TELECOM EUR (PRICE) rating is 292.78 EUR. The price is lower by -0.02% since the last closing and was between 291.34 EUR and 293.83 EUR. This implies that the price is at +0.49% from its lowest and at -0.36% from its highest.291.34
293.83
292.78
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ESTX TELECOM EUR (PRICE) indicates that the overall trend is bearish. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 275.63 | 282.87 | 290.68 | 292.78 | 294.87 | 300.12 | 308.24 |
| Change (%) | -5.86% | -3.38% | -0.72% | - | +0.71% | +2.51% | +5.28% |
| Change | -17.15 | -9.91 | -2.10 | - | +2.09 | +7.34 | +15.46 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 288.86 | 290.12 | 291.48 | 292.74 | 294.10 | 295.36 | 296.72 |
| Camarilla | 292.13 | 292.37 | 292.61 | 292.85 | 293.09 | 293.33 | 293.57 |
| Woodie | 288.92 | 290.15 | 291.54 | 292.77 | 294.16 | 295.39 | 296.78 |
| Fibonacci | 290.12 | 291.12 | 291.74 | 292.74 | 293.74 | 294.36 | 295.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 281.88 | 285.85 | 288.91 | 292.88 | 295.94 | 299.91 | 302.97 |
| Camarilla | 290.03 | 290.67 | 291.32 | 291.96 | 292.60 | 293.25 | 293.89 |
| Woodie | 281.42 | 285.62 | 288.45 | 292.65 | 295.48 | 299.68 | 302.51 |
| Fibonacci | 285.85 | 288.54 | 290.20 | 292.88 | 295.57 | 297.23 | 299.91 |
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): | 46.36 | |
| MACD (12,26,9): | -0.6800 | |
| Directional Movement: | -4.31 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 291.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 289.14 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 286.42 | |
| Zig ZAG (10): | 291.65 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 46.47 | |
| TEMA (21): | 291.73 | |
| Williams %R (14): | -54.43 | |
| Chande Momentum Oscillator (20): | -1.54 | |
| Repulse (5,40,3): | -0.8500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.51 |
| MA7: | 291.99 | |
| MA20: | 292.60 | |
| MA50: | 293.30 | |
| MA100: | 295.41 | |
| MAexp7: | 292.22 | |
| MAexp20: | 292.81 | |
| MAexp50: | 293.66 | |
| MAexp100: | 293.13 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +0.06% | |
| Price / MA50: | -0.18% | |
| Price / MA100: | -0.89% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.12% |
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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