FTSE4GOODIBX - 1H - Technical analysis published on 12/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 8,887.3100 EUR
My targets
8,949.5600 EUR (+0.29%)
9,074.9000 EUR (+1.69%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FTSE4GOODIBX as long as the price remains well above 8,887.3100 EUR. The buyers' bullish objective is set at 8,949.5600 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9,074.9000 EUR. If there is any crossing, the next objective would be the resistance located at 9,269.3300 EUR. 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
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FTSE4GOODIBX rating is 8,924.0000 EUR. The price registered a decrease of -0.04% on the session and was traded between 8,879.7998 EUR and 8,926.5996 EUR over the period. The price is currently at +0.50% from its lowest and -0.03% from its highest.8,879.7998
8,926.5996
8,924.0000
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of FTSE4GOODIBX in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,691.9100 | 8,811.9000 | 8,887.3100 | 8,924.0000 | 8,949.5600 | 9,074.9000 | 9,269.3300 |
| Change (%) | -2.60% | -1.26% | -0.41% | - | +0.29% | +1.69% | +3.87% |
| Change | -232.0900 | -112.1000 | -36.6900 | - | +25.5600 | +150.9000 | +345.3300 |
| Level | Major | Intermediate | 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 | 8,615.8327 | 8,714.1663 | 8,820.7331 | 8,919.0667 | 9,025.6335 | 9,123.9671 | 9,230.5339 |
| Camarilla | 8,870.9522 | 8,889.7347 | 8,908.5173 | 8,927.2998 | 8,946.0823 | 8,964.8649 | 8,983.6474 |
| Woodie | 8,619.9492 | 8,716.2246 | 8,824.8496 | 8,921.1250 | 9,029.7500 | 9,126.0254 | 9,234.6504 |
| Fibonacci | 8,714.1663 | 8,792.4383 | 8,840.7948 | 8,919.0667 | 8,997.3387 | 9,045.6952 | 9,123.9671 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,555.8327 | 8,670.9661 | 8,778.5329 | 8,893.6663 | 9,001.2331 | 9,116.3665 | 9,223.9333 |
| Camarilla | 8,824.8571 | 8,845.2712 | 8,865.6854 | 8,886.0996 | 8,906.5138 | 8,926.9280 | 8,947.3422 |
| Woodie | 8,552.0493 | 8,669.0745 | 8,774.7495 | 8,891.7747 | 8,997.4497 | 9,114.4749 | 9,220.1499 |
| Fibonacci | 8,670.9661 | 8,756.0376 | 8,808.5949 | 8,893.6663 | 8,978.7378 | 9,031.2951 | 9,116.3665 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,820.4339 | 8,075.5671 | 8,520.2337 | 8,775.3669 | 9,220.0335 | 9,475.1667 | 9,919.8333 |
| Camarilla | 8,772.4555 | 8,836.6038 | 8,900.7521 | 8,964.9004 | 9,029.0487 | 9,093.1970 | 9,157.3454 |
| Woodie | 7,915.2007 | 8,122.9505 | 8,615.0005 | 8,822.7503 | 9,314.8003 | 9,522.5501 | 10,014.6001 |
| Fibonacci | 8,075.5671 | 8,342.8906 | 8,508.0433 | 8,775.3669 | 9,042.6904 | 9,207.8431 | 9,475.1667 |
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): | 55.49 | |
| MACD (12,26,9): | 12.5737 | |
| Directional Movement: | 0.6564 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 8,915.2924 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,005.6190 | |
| Elder Ray (13): | 10.8545 | |
| Super Trend (3,10): | 8,887.6447 | |
| Zig ZAG (10): | 8,924.0000 | |
| VORTEX (21): | 1.0885 | |
| Stochastique (14,3,5): | 45.97 | |
| TEMA (21): | 8,927.6047 | |
| Williams %R (14): | -50.86 | |
| Chande Momentum Oscillator (20): | 49.3994 | |
| Repulse (5,40,3): | 0.3165 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0217 | |
| Courbe Coppock: | 1.33 |
| MA7: | 8,888.2284 | |
| MA20: | 8,900.0199 | |
| MA50: | 8,545.4040 | |
| MA100: | 8,538.9120 | |
| MAexp7: | 8,912.2734 | |
| MAexp20: | 8,899.5434 | |
| MAexp50: | 8,893.8636 | |
| MAexp100: | 8,894.7040 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | +4.43% | |
| Price / MA100: | +4.51% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.33% |
Quotes :
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15 min delayed data
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Spain Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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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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