STOXX50 PRICE EUR INDEX - Daily - Technical analysis published on 08/16/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 4,000.72 EUR
My targets
3,866.60 EUR (-1.80%)
3,731.99 EUR (-5.22%)
My analysis
STOXX50 PRICE EUR INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4,000.72 EUR. The next support located at 3,866.60 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3,731.99 EUR. Below this support, sellers could then target 3,652.95 EUR.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8
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 STOXX50 PRICE EUR INDEX rating is 3,937.58 EUR. The price registered a decrease of -0.01% on the session with the lowest point at 3,925.28 EUR and the highest point at 3,949.47 EUR. The deviation from the price is +0.31% for the low point and -0.30% for the high point.3,925.28
3,949.47
3,937.58
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 Daily of this STOXX50 PRICE EUR INDEX chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
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.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3,731.99 | 3,866.60 | 3,925.25 | 3,937.58 | 4,000.72 | 4,078.75 |
| Change (%) | -5.22% | -1.80% | -0.31% | - | +1.60% | +3.59% |
| Change | -205.59 | -70.98 | -12.33 | - | +63.14 | +141.17 |
| Level | Minor | Major | Major | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,856.98 | 3,891.92 | 3,915.00 | 3,949.94 | 3,973.02 | 4,007.96 | 4,031.04 |
| Camarilla | 3,922.12 | 3,927.43 | 3,932.75 | 3,938.07 | 3,943.39 | 3,948.71 | 3,954.03 |
| Woodie | 3,851.04 | 3,888.96 | 3,909.06 | 3,946.98 | 3,967.08 | 4,005.00 | 4,025.10 |
| Fibonacci | 3,891.92 | 3,914.09 | 3,927.78 | 3,949.94 | 3,972.11 | 3,985.80 | 4,007.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,809.42 | 3,863.62 | 3,918.56 | 3,972.76 | 4,027.70 | 4,081.90 | 4,136.84 |
| Camarilla | 3,943.50 | 3,953.50 | 3,963.51 | 3,973.51 | 3,983.52 | 3,993.52 | 4,003.52 |
| Woodie | 3,809.80 | 3,863.81 | 3,918.94 | 3,972.95 | 4,028.08 | 4,082.09 | 4,137.22 |
| Fibonacci | 3,863.62 | 3,905.31 | 3,931.07 | 3,972.76 | 4,014.45 | 4,040.21 | 4,081.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,695.19 | 3,769.76 | 3,911.64 | 3,986.21 | 4,128.09 | 4,202.66 | 4,344.54 |
| Camarilla | 3,994.01 | 4,013.85 | 4,033.69 | 4,053.53 | 4,073.37 | 4,093.21 | 4,113.05 |
| Woodie | 3,728.86 | 3,786.59 | 3,945.31 | 4,003.04 | 4,161.76 | 4,219.49 | 4,378.21 |
| Fibonacci | 3,769.76 | 3,852.44 | 3,903.52 | 3,986.21 | 4,068.89 | 4,119.97 | 4,202.66 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.15 | |
| MACD (12,26,9): | -3.0100 | |
| Directional Movement: | -7.57 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 3,968.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,916.60 | |
| Elder Ray (13): | -30.68 | |
| Super Trend (3,10): | 4,050.52 | |
| Zig ZAG (10): | 3,937.00 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 29.33 | |
| TEMA (21): | 3,965.62 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | -115.42 | |
| Repulse (5,40,3): | -0.7400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.02 |
| MA7: | 3,970.30 | |
| MA20: | 3,983.47 | |
| MA50: | 3,967.42 | |
| MA100: | 3,986.25 | |
| MAexp7: | 3,961.47 | |
| MAexp20: | 3,969.76 | |
| MAexp50: | 3,970.82 | |
| MAexp100: | 3,950.75 | |
| Price / MA7: | -0.82% | |
| Price / MA20: | -1.15% | |
| Price / MA50: | -0.75% | |
| Price / MA100: | -1.22% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | -0.81% | |
| Price / MAexp50: | -0.84% | |
| Price / MAexp100: | -0.33% |
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.
About author
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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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