STOXX600 PRICE EUR INDEX - Daily - Technical analysis published on 04/24/2023 (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 443.41 EUR
My targets
494.35 EUR (+5.41%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on STOXX600 PRICE EUR INDEX as long as the price remains well above 443.41 EUR. The buyers' bullish objective is set at 494.35 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
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
STOXX600 PRICE EUR INDEX rating 468.97 EUR. The price is lower by -0.01% since the last closing with the lowest point at 467.33 EUR and the highest point at 469.64 EUR. The deviation from the price is +0.35% for the low point and -0.14% for the high point.467.33
469.64
468.97
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by STOXX600 PRICE EUR INDEX:
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
Technical analysis of this Daily chart of STOXX600 PRICE EUR INDEX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 424.32 | 443.41 | 464.47 | 468.97 | 494.35 |
Change (%) | -9.52% | -5.45% | -0.96% | - | +5.41% |
Change | -44.65 | -25.56 | -4.50 | - | +25.38 |
Level | Intermediate | Major | Major | - | Major |
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 | 463.70 | 464.76 | 466.88 | 467.94 | 470.06 | 471.12 | 473.24 |
Camarilla | 468.13 | 468.42 | 468.71 | 469.00 | 469.29 | 469.58 | 469.88 |
Woodie | 464.23 | 465.03 | 467.41 | 468.21 | 470.59 | 471.39 | 473.77 |
Fibonacci | 464.76 | 465.98 | 466.73 | 467.94 | 469.16 | 469.91 | 471.12 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 462.62 | 464.22 | 466.61 | 468.21 | 470.60 | 472.20 | 474.59 |
Camarilla | 467.90 | 468.27 | 468.63 | 469.00 | 469.37 | 469.73 | 470.10 |
Woodie | 463.02 | 464.42 | 467.01 | 468.41 | 471.00 | 472.40 | 474.99 |
Fibonacci | 464.22 | 465.74 | 466.69 | 468.21 | 469.73 | 470.68 | 472.20 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 396.91 | 412.34 | 435.09 | 450.52 | 473.27 | 488.70 | 511.45 |
Camarilla | 447.34 | 450.84 | 454.34 | 457.84 | 461.34 | 464.84 | 468.34 |
Woodie | 400.57 | 414.17 | 438.75 | 452.35 | 476.93 | 490.53 | 515.11 |
Fibonacci | 412.34 | 426.93 | 435.94 | 450.52 | 465.11 | 474.12 | 488.70 |
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): | 66.38 | |
MACD (12,26,9): | 4.5400 | |
Directional Movement: | 13.99 | |
AROON (14): | 71.43 | |
DEMA (21): | 466.93 | |
Parabolic SAR (0,02-0,02-0,2): | 464.84 | |
Elder Ray (13): | 4.18 | |
Super Trend (3,10): | 457.53 | |
Zig ZAG (10): | 468.97 | |
VORTEX (21): | 1.2300 | |
Stochastique (14,3,5): | 92.17 | |
TEMA (21): | 470.50 | |
Williams %R (14): | -5.89 | |
Chande Momentum Oscillator (20): | 11.63 | |
Repulse (5,40,3): | 0.8700 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1000 | |
Courbe Coppock: | 7.11 |
MA7: | 467.99 | |
MA20: | 459.35 | |
MA50: | 457.33 | |
MA100: | 450.58 | |
MAexp7: | 467.21 | |
MAexp20: | 461.70 | |
MAexp50: | 456.58 | |
MAexp100: | 449.81 | |
Price / MA7: | +0.21% | |
Price / MA20: | +2.09% | |
Price / MA50: | +2.55% | |
Price / MA100: | +4.08% | |
Price / MAexp7: | +0.38% | |
Price / MAexp20: | +1.57% | |
Price / MAexp50: | +2.71% | |
Price / MAexp100: | +4.26% |
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
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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