STOXX600 PRICE EUR INDEX - Daily - Technical analysis published on 09/01/2023 (GMT)
- 142
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Neutral between 451.64 EUR and 465.24 EUR
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 451.64 EUR. The first resistance is located at 465.24 EUR. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 458.13 EUR. The price is lower by -0.01% since the last closing with the lowest point at 457.71 EUR and the highest point at 460.50 EUR. The deviation from the price is +0.09% for the low point and -0.51% for the high point.457.71
460.50
458.13
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of STOXX600 PRICE EUR INDEX indicates that the overall trend is slightly bearish. Only 50.00% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 446.63 | 451.64 | 457.73 | 458.13 | 465.24 | 468.99 | 494.35 |
| Change (%) | -2.51% | -1.42% | -0.09% | - | +1.55% | +2.37% | +7.91% |
| Change | -11.50 | -6.49 | -0.40 | - | +7.11 | +10.86 | +36.22 |
| Level | Major | Major | Major | - | Major | Major | 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 | 454.03 | 456.11 | 457.15 | 459.23 | 460.27 | 462.35 | 463.39 |
| Camarilla | 457.33 | 457.62 | 457.90 | 458.19 | 458.48 | 458.76 | 459.05 |
| Woodie | 453.51 | 455.85 | 456.63 | 458.97 | 459.75 | 462.09 | 462.87 |
| Fibonacci | 456.11 | 457.30 | 458.04 | 459.23 | 460.42 | 461.16 | 462.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 437.60 | 443.01 | 447.20 | 452.61 | 456.80 | 462.21 | 466.40 |
| Camarilla | 448.75 | 449.63 | 450.51 | 451.39 | 452.27 | 453.15 | 454.03 |
| Woodie | 436.99 | 442.71 | 446.59 | 452.31 | 456.19 | 461.91 | 465.79 |
| Fibonacci | 443.01 | 446.68 | 448.94 | 452.61 | 456.28 | 458.54 | 462.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 419.71 | 432.60 | 445.40 | 458.29 | 471.09 | 483.98 | 496.78 |
| Camarilla | 451.13 | 453.48 | 455.84 | 458.19 | 460.55 | 462.90 | 465.26 |
| Woodie | 419.66 | 432.58 | 445.35 | 458.27 | 471.04 | 483.96 | 496.73 |
| Fibonacci | 432.60 | 442.42 | 448.48 | 458.29 | 468.11 | 474.17 | 483.98 |
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): | 51.66 | |
| MACD (12,26,9): | -0.8200 | |
| Directional Movement: | 4.37 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 455.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 448.75 | |
| Elder Ray (13): | 2.77 | |
| Super Trend (3,10): | 461.49 | |
| Zig ZAG (10): | 458.13 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 78.60 | |
| TEMA (21): | 455.34 | |
| Williams %R (14): | -20.11 | |
| Chande Momentum Oscillator (20): | 2.84 | |
| Repulse (5,40,3): | -0.4700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.00 |
| MA7: | 456.24 | |
| MA20: | 456.00 | |
| MA50: | 458.49 | |
| MA100: | 460.72 | |
| MAexp7: | 456.86 | |
| MAexp20: | 456.73 | |
| MAexp50: | 458.20 | |
| MAexp100: | 457.28 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +0.47% | |
| Price / MA50: | -0.08% | |
| Price / MA100: | -0.56% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | +0.19% |
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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