ESTX TELECOM EUR (PRICE)

SXKE

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	SXKE
ISIN:	EU0009658566

ESTX TELECOM EUR (PRICE) - 1H - Technical analysis published on 04/12/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

39%

17%

44%

My opinion

Bullish above 303.21 EUR

My targets

311.54 EUR (+0.89%)

321.88 EUR (+4.24%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ESTX TELECOM EUR (PRICE). As long as you are above the support located at 303.21 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 311.54 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 321.88 EUR as an objective. Crossing it would then enable buyers to target 426.92 EUR. If the support 303.21 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.9

Comment on the analysis

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

ESTX TELECOM EUR (PRICE) rating 308.78 EUR. The price is lower by -0.01% since the last closing and was between 308.31 EUR and 310.68 EUR. This implies that the price is at +0.15% from its lowest and at -0.61% from its highest.

308.31

310.68

308.78

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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

A technical analysis in 1H of this ESTX TELECOM EUR (PRICE) chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	291.02	298.77	303.21	308.78	309.04	311.54	426.92
Change (%)	-5.75%	-3.24%	-1.80%	-	+0.08%	+0.89%	+38.26%
Change	-17.76	-10.01	-5.57	-	+0.26	+2.76	+118.14
Level	Major	Major	Minor	-	Major	Intermediate	Intermediate

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	302.30	304.68	306.74	309.12	311.18	313.56	315.62
Camarilla	307.59	308.00	308.40	308.81	309.22	309.62	310.03
Woodie	302.15	304.60	306.59	309.04	311.03	313.48	315.47
Fibonacci	304.68	306.37	307.42	309.12	310.81	311.86	313.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	296.62	299.92	305.04	308.34	313.46	316.76	321.88
Camarilla	307.86	308.63	309.40	310.17	310.94	311.71	312.49
Woodie	297.54	300.38	305.96	308.80	314.38	317.22	322.80
Fibonacci	299.92	303.13	305.12	308.34	311.55	313.54	316.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	277.38	282.97	293.55	299.14	309.72	315.31	325.89
Camarilla	299.68	301.17	302.65	304.13	305.61	307.10	308.58
Woodie	279.88	284.22	296.05	300.39	312.22	316.56	328.39
Fibonacci	282.97	289.15	292.96	299.14	305.32	309.13	315.31

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):	53.07
MACD (12,26,9):	0.3300
Directional Movement:	2.85
AROON (14):	21.43
DEMA (21):	310.04
Parabolic SAR (0,02-0,02-0,2):	307.12
Elder Ray (13):	-0.13
Super Trend (3,10):	311.05
Zig ZAG (10):	309.79
VORTEX (21):	0.9600
Stochastique (14,3,5):	69.11
TEMA (21):	309.50
Williams %R (14):	-24.24
Chande Momentum Oscillator (20):	-0.25
Repulse (5,40,3):	-0.0300
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.15

MA7:	307.65
MA20:	300.19
MA50:	294.59
MA100:	284.04
MAexp7:	309.71
MAexp20:	309.47
MAexp50:	307.88
MAexp100:	305.00
Price / MA7:	+0.37%
Price / MA20:	+2.86%
Price / MA50:	+4.82%
Price / MA100:	+8.71%
Price / MAexp7:	-0.30%
Price / MAexp20:	-0.22%
Price / MAexp50:	+0.29%
Price / MAexp100:	+1.24%

Quotes : - 15 min delayed data - STOXX Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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