ESTX BAS RES EUR (PRICE) - 1H - Technical analysis published on 08/29/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 222.98 EUR
My targets
219.15 EUR (-0.49%)
217.52 EUR (-1.23%)
My analysis
The bearish trend is currently very strong for ESTX BAS RES EUR (PRICE). As long as the price remains below the resistance at 222.98 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 219.15 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 217.52 EUR as an objective. Crossing it would then enable sellers to target 215.43 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.1
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Additional analysis
Quotes
The ESTX BAS RES EUR (PRICE) price is 220.22 EUR. The price is lower by -0.01% since the last closing and was traded between 214.67 EUR and 221.05 EUR over the period. The price is currently at +2.59% from its lowest and -0.38% from its highest.214.67
221.05
220.22
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ESTX BAS RES EUR (PRICE) chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 215.43 | 217.52 | 219.15 | 220.22 | 222.98 | 224.98 | 226.64 |
| Change (%) | -2.18% | -1.23% | -0.49% | - | +1.25% | +2.16% | +2.92% |
| Change | -4.79 | -2.70 | -1.07 | - | +2.76 | +4.76 | +6.42 |
| Level | Major | Minor | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 213.25 | 216.54 | 218.40 | 221.69 | 223.55 | 226.84 | 228.70 |
| Camarilla | 218.83 | 219.31 | 219.78 | 220.25 | 220.72 | 221.19 | 221.67 |
| Woodie | 212.53 | 216.18 | 217.68 | 221.33 | 222.83 | 226.48 | 227.98 |
| Fibonacci | 216.54 | 218.51 | 219.73 | 221.69 | 223.66 | 224.88 | 226.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 206.83 | 211.41 | 215.83 | 220.41 | 224.83 | 229.41 | 233.83 |
| Camarilla | 217.78 | 218.60 | 219.43 | 220.25 | 221.08 | 221.90 | 222.73 |
| Woodie | 206.75 | 211.37 | 215.75 | 220.37 | 224.75 | 229.37 | 233.75 |
| Fibonacci | 211.41 | 214.85 | 216.97 | 220.41 | 223.85 | 225.97 | 229.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 183.55 | 190.21 | 202.58 | 209.24 | 221.61 | 228.27 | 240.64 |
| Camarilla | 209.73 | 211.47 | 213.22 | 214.96 | 216.70 | 218.45 | 220.19 |
| Woodie | 186.42 | 191.64 | 205.45 | 210.67 | 224.48 | 229.70 | 243.51 |
| Fibonacci | 190.21 | 197.48 | 201.97 | 209.24 | 216.51 | 221.00 | 228.27 |
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): | 47.74 | |
| MACD (12,26,9): | -0.6300 | |
| Directional Movement: | -3.02 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 219.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 214.80 | |
| Elder Ray (13): | 0.34 | |
| Super Trend (3,10): | 221.66 | |
| Zig ZAG (10): | 220.12 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 55.12 | |
| TEMA (21): | 219.22 | |
| Williams %R (14): | -45.08 | |
| Chande Momentum Oscillator (20): | -3.75 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.14 |
| MA7: | 221.47 | |
| MA20: | 221.36 | |
| MA50: | 212.87 | |
| MA100: | 228.53 | |
| MAexp7: | 219.77 | |
| MAexp20: | 220.28 | |
| MAexp50: | 221.22 | |
| MAexp100: | 221.46 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | -0.51% | |
| Price / MA50: | +3.45% | |
| Price / MA100: | -3.64% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | -0.56% |
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.
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