STOXX600 PRICE EUR INDEX - 1H - Technical analysis published on 08/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 455.63 EUR
My targets
451.79 EUR (-0.34%)
447.21 EUR (-1.35%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on STOXX600 PRICE EUR INDEX. As long as you are under the resistance located at 455.63 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 451.79 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 447.21 EUR as an objective. Crossing it would then enable sellers to target 435.36 EUR. If the resistance 455.63 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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 STOXX600 PRICE EUR INDEX price is 453.35 EUR. On the day, this instrument lost -0.02% and was between 452.78 EUR and 458.02 EUR. This implies that the price is at +0.13% from its lowest and at -1.02% from its highest.452.78
458.02
453.35
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 1H of this STOXX600 PRICE EUR INDEX chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 435.36 | 447.21 | 451.79 | 453.35 | 455.63 | 457.76 | 460.02 |
| Change (%) | -3.97% | -1.35% | -0.34% | - | +0.50% | +0.97% | +1.47% |
| Change | -17.99 | -6.14 | -1.56 | - | +2.28 | +4.41 | +6.67 |
| Level | Major | Major | Major | - | Intermediate | Intermediate | 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 | 448.81 | 450.40 | 451.92 | 453.51 | 455.03 | 456.62 | 458.14 |
| Camarilla | 452.60 | 452.88 | 453.17 | 453.45 | 453.74 | 454.02 | 454.31 |
| Woodie | 448.79 | 450.38 | 451.90 | 453.49 | 455.01 | 456.60 | 458.12 |
| Fibonacci | 450.40 | 451.59 | 452.32 | 453.51 | 454.70 | 455.43 | 456.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 427.45 | 436.47 | 442.46 | 451.48 | 457.47 | 466.49 | 472.48 |
| Camarilla | 444.31 | 445.69 | 447.06 | 448.44 | 449.82 | 451.19 | 452.57 |
| Woodie | 425.93 | 435.71 | 440.94 | 450.72 | 455.95 | 465.73 | 470.96 |
| Fibonacci | 436.47 | 442.21 | 445.75 | 451.48 | 457.22 | 460.76 | 466.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 425.50 | 435.20 | 453.28 | 462.98 | 481.06 | 490.76 | 508.84 |
| Camarilla | 463.71 | 466.26 | 468.80 | 471.35 | 473.90 | 476.44 | 478.99 |
| Woodie | 429.68 | 437.30 | 457.46 | 465.08 | 485.24 | 492.86 | 513.02 |
| Fibonacci | 435.20 | 445.82 | 452.37 | 462.98 | 473.60 | 480.15 | 490.76 |
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): | 48.04 | |
| MACD (12,26,9): | 0.4600 | |
| Directional Movement: | 6.91 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 454.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 452.82 | |
| Elder Ray (13): | -0.49 | |
| Super Trend (3,10): | 451.84 | |
| Zig ZAG (10): | 453.12 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 24.59 | |
| TEMA (21): | 454.55 | |
| Williams %R (14): | -84.67 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -0.3600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.28 |
| MA7: | 451.69 | |
| MA20: | 458.33 | |
| MA50: | 458.73 | |
| MA100: | 460.93 | |
| MAexp7: | 453.94 | |
| MAexp20: | 453.63 | |
| MAexp50: | 453.40 | |
| MAexp100: | 454.82 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | -1.09% | |
| Price / MA50: | -1.17% | |
| Price / MA100: | -1.64% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.32% |
Quotes :
-
15 min delayed data
-
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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