ESTX CNS&MAT EUR (PRICE) - Daily - Technical analysis published on 08/31/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 526.14 EUR
My targets
574.87 EUR (+2.73%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ESTX CNS&MAT EUR (PRICE) as long as the price remains well above 526.14 EUR. The buyers' bullish objective is set at 574.87 EUR. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
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
The ESTX CNS&MAT EUR (PRICE) price is 559.62 EUR. The price registered a decrease of -0.01% on the session and was traded between 558.91 EUR and 562.17 EUR over the period. The price is currently at +0.13% from its lowest and -0.45% from its highest.558.91
562.17
559.62
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ESTX CNS&MAT EUR (PRICE) indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
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
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 506.81 | 526.14 | 558.45 | 559.62 | 574.87 |
| Change (%) | -9.44% | -5.98% | -0.21% | - | +2.73% |
| Change | -52.81 | -33.48 | -1.17 | - | +15.25 |
| Level | Minor | Major | Major | - | Minor |
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 | 550.21 | 553.07 | 556.38 | 559.24 | 562.55 | 565.41 | 568.72 |
| Camarilla | 558.00 | 558.57 | 559.13 | 559.70 | 560.27 | 560.83 | 561.40 |
| Woodie | 550.45 | 553.18 | 556.62 | 559.35 | 562.79 | 565.52 | 568.96 |
| Fibonacci | 553.07 | 555.42 | 556.88 | 559.24 | 561.59 | 563.05 | 565.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 535.11 | 540.47 | 545.73 | 551.09 | 556.35 | 561.71 | 566.97 |
| Camarilla | 548.08 | 549.05 | 550.03 | 551.00 | 551.97 | 552.95 | 553.92 |
| Woodie | 535.07 | 540.45 | 545.69 | 551.07 | 556.31 | 561.69 | 566.93 |
| Fibonacci | 540.47 | 544.52 | 547.03 | 551.09 | 555.14 | 557.65 | 561.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 482.00 | 501.94 | 536.70 | 556.64 | 591.40 | 611.34 | 646.10 |
| Camarilla | 556.42 | 561.43 | 566.45 | 571.46 | 576.47 | 581.49 | 586.50 |
| Woodie | 489.41 | 505.65 | 544.11 | 560.35 | 598.81 | 615.05 | 653.51 |
| Fibonacci | 501.94 | 522.84 | 535.75 | 556.64 | 577.54 | 590.45 | 611.34 |
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): | 54.63 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | -2.67 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 557.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 545.13 | |
| Elder Ray (13): | 3.72 | |
| Super Trend (3,10): | 568.16 | |
| Zig ZAG (10): | 560.04 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 75.40 | |
| TEMA (21): | 555.30 | |
| Williams %R (14): | -20.02 | |
| Chande Momentum Oscillator (20): | 0.87 | |
| Repulse (5,40,3): | 0.5600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 2.25 |
| MA7: | 555.77 | |
| MA20: | 557.66 | |
| MA50: | 554.00 | |
| MA100: | 547.02 | |
| MAexp7: | 557.33 | |
| MAexp20: | 556.94 | |
| MAexp50: | 554.03 | |
| MAexp100: | 545.27 | |
| Price / MA7: | +0.69% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +1.01% | |
| Price / MA100: | +2.30% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +1.01% | |
| Price / MAexp100: | +2.63% |
Quotes :
-
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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