STOXX50 PRICE EUR INDEX - 1H - Technical analysis published on 12/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 4,021.14 EUR
My targets
4,090.96 EUR (+0.47%)
4,117.25 EUR (+1.11%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 4,021.14 EUR remains possible. It is advisable to trade STOXX50 PRICE EUR INDEX with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4,021.14 EUR. The next bullish objective for buyers is set at 4,090.96 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,117.25 EUR. If there is any crossing, the next objective would be the resistance located at 4,161.43 EUR. PS: if there is a bearish break in the support located at 4,021.14 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2
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Additional analysis
Quotes
The STOXX50 PRICE EUR INDEX rating is 4,071.85 EUR. On the day, this instrument lost -0.07% and was traded between 4,052.52 EUR and 4,125.65 EUR over the period. The price is currently at +0.48% from its lowest and -1.30% from its highest.4,052.52
4,125.65
4,071.85
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
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this STOXX50 PRICE EUR INDEX chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
White morning star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 3,924.99 | 3,973.11 | 4,021.14 | 4,071.85 | 4,079.60 |
| Change (%) | -3.61% | -2.42% | -1.25% | - | +0.19% |
| Change | -146.86 | -98.74 | -50.71 | - | +7.75 |
| Level | Major | Major | Intermediate | - | Major |
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 | 4,042.09 | 4,055.78 | 4,065.28 | 4,078.97 | 4,088.47 | 4,102.16 | 4,111.66 |
| Camarilla | 4,068.39 | 4,070.52 | 4,072.64 | 4,074.77 | 4,076.90 | 4,079.02 | 4,081.15 |
| Woodie | 4,039.99 | 4,054.73 | 4,063.18 | 4,077.92 | 4,086.37 | 4,101.11 | 4,109.56 |
| Fibonacci | 4,055.78 | 4,064.64 | 4,070.12 | 4,078.97 | 4,087.83 | 4,093.31 | 4,102.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,950.02 | 3,976.31 | 4,020.49 | 4,046.78 | 4,090.96 | 4,117.25 | 4,161.43 |
| Camarilla | 4,045.30 | 4,051.76 | 4,058.22 | 4,064.68 | 4,071.14 | 4,077.60 | 4,084.06 |
| Woodie | 3,958.98 | 3,980.78 | 4,029.45 | 4,051.25 | 4,099.92 | 4,121.72 | 4,170.39 |
| Fibonacci | 3,976.31 | 4,003.23 | 4,019.86 | 4,046.78 | 4,073.70 | 4,090.33 | 4,117.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,698.99 | 3,756.94 | 3,869.77 | 3,927.72 | 4,040.55 | 4,098.50 | 4,211.33 |
| Camarilla | 3,935.65 | 3,951.30 | 3,966.96 | 3,982.61 | 3,998.27 | 4,013.92 | 4,029.58 |
| Woodie | 3,726.44 | 3,770.66 | 3,897.22 | 3,941.44 | 4,068.00 | 4,112.22 | 4,238.78 |
| Fibonacci | 3,756.94 | 3,822.18 | 3,862.48 | 3,927.72 | 3,992.96 | 4,033.26 | 4,098.50 |
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): | 44.35 | |
| MACD (12,26,9): | 3.2200 | |
| Directional Movement: | -7.07 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 4,092.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,121.58 | |
| Elder Ray (13): | -14.62 | |
| Super Trend (3,10): | 4,106.03 | |
| Zig ZAG (10): | 4,071.85 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 19.70 | |
| TEMA (21): | 4,087.03 | |
| Williams %R (14): | -73.57 | |
| Chande Momentum Oscillator (20): | -16.50 | |
| Repulse (5,40,3): | -0.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.23 |
| MA7: | 4,061.80 | |
| MA20: | 4,004.35 | |
| MA50: | 3,932.38 | |
| MA100: | 3,941.30 | |
| MAexp7: | 4,083.65 | |
| MAexp20: | 4,085.75 | |
| MAexp50: | 4,071.21 | |
| MAexp100: | 4,044.57 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | +1.69% | |
| Price / MA50: | +3.55% | |
| Price / MA100: | +3.31% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.67% |
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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