ESTX CNS&MAT EUR (PRICE)

SXOE

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SXOE
ISIN:	EU0009658509

ESTX CNS&MAT EUR (PRICE) - Daily - Technical analysis published on 10/31/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

83%

11%

My opinion

Bullish above 426.92 EUR

My targets

469.47 EUR (+4.10%)

505.64 EUR (+12.13%)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on ESTX CNS&MAT EUR (PRICE) as long as the price remains well above 426.92 EUR. The buyers' bullish objective is set at 469.47 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 505.64 EUR. If there is any crossing, the next objective would be the resistance located at 518.63 EUR.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.6

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

The ESTX CNS&MAT EUR (PRICE) rating is 450.96 EUR. On the day, this instrument lost -0.01% and was traded between 447.29 EUR and 452.82 EUR over the period. The price is currently at +0.82% from its lowest and -0.41% from its highest.

447.29

452.82

450.96

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ESTX CNS&MAT EUR (PRICE) indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	390.36	401.86	421.40	450.96	452.18	469.47	505.64
Change (%)	-13.44%	-10.89%	-6.55%	-	+0.27%	+4.10%	+12.13%
Change	-60.60	-49.10	-29.56	-	+1.22	+18.51	+54.68
Level	Intermediate	Intermediate	Major	-	Intermediate	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	434.44	437.76	444.37	447.69	454.30	457.62	464.23
Camarilla	448.26	449.17	450.08	450.99	451.90	452.81	453.72
Woodie	436.10	438.58	446.03	448.51	455.96	458.44	465.89
Fibonacci	437.76	441.55	443.89	447.69	451.48	453.82	457.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	405.13	414.30	432.65	441.82	460.17	469.34	487.69
Camarilla	443.42	445.95	448.47	450.99	453.51	456.04	458.56
Woodie	409.71	416.60	437.23	444.12	464.75	471.64	492.27
Fibonacci	414.30	424.82	431.31	441.82	452.34	458.83	469.34

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	308.96	353.93	381.95	426.92	454.94	499.91	527.93
Camarilla	389.90	396.59	403.28	409.97	416.66	423.35	430.04
Woodie	300.49	349.69	373.48	422.68	446.47	495.67	519.46
Fibonacci	353.93	381.81	399.04	426.92	454.80	472.03	499.91

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):	64.41
MACD (12,26,9):	4.8000
Directional Movement:	10.06
AROON (14):	85.71
DEMA (21):	435.96
Parabolic SAR (0,02-0,02-0,2):	418.15
Elder Ray (13):	14.17
Super Trend (3,10):	423.05
Zig ZAG (10):	450.73
VORTEX (21):	1.1800
Stochastique (14,3,5):	97.33
TEMA (21):	445.67
Williams %R (14):	-3.51
Chande Momentum Oscillator (20):	38.80
Repulse (5,40,3):	3.7200
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	14.23

MA7:	441.23
MA20:	425.92
MA50:	435.14
MA100:	443.25
MAexp7:	442.67
MAexp20:	432.60
MAexp50:	435.62
MAexp100:	447.22
Price / MA7:	+2.21%
Price / MA20:	+5.88%
Price / MA50:	+3.64%
Price / MA100:	+1.74%
Price / MAexp7:	+1.87%
Price / MAexp20:	+4.24%
Price / MAexp50:	+3.52%
Price / MAexp100:	+0.84%

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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