STOXX50 FULL0624 - 1H - Technical analysis published on 12/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 3,046.38 EUR
My targets
3,099.00 EUR (+0.71%)
3,140.00 EUR (+2.05%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 3,046.38 EUR remains possible. It is advisable to trade STOXX50 FULL1220 with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3,046.38 EUR. The next bullish objective for buyers is set at 3,099.00 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,140.00 EUR. If there is any crossing, the next objective would be the resistance located at 3,257.67 EUR. PS: if there is a bearish break in the support located at 3,046.38 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STOXX50 FULL1220 rating is 3,077.00 EUR. The price registered an increase of +0.46% on the session and was between 3,059.00 EUR and 3,080.00 EUR. This implies that the price is at +0.59% from its lowest and at -0.10% from its highest.3,059.00
3,080.00
3,077.00
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 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of STOXX50 FULL1220 indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 2,997.00 | 3,046.38 | 3,074.50 | 3,077.00 | 3,099.00 | 3,257.67 | 3,553.56 |
| Change (%) | -2.60% | -1.00% | -0.08% | - | +0.71% | +5.87% | +15.49% |
| Change | -80.00 | -30.62 | -2.50 | - | +22.00 | +180.67 | +476.56 |
| Level | Minor | Major | Minor | - | 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 | 2,997.67 | 3,022.33 | 3,042.67 | 3,067.33 | 3,087.67 | 3,112.33 | 3,132.67 |
| Camarilla | 3,050.63 | 3,054.75 | 3,058.88 | 3,063.00 | 3,067.13 | 3,071.25 | 3,075.38 |
| Woodie | 2,995.50 | 3,021.25 | 3,040.50 | 3,066.25 | 3,085.50 | 3,111.25 | 3,130.50 |
| Fibonacci | 3,022.33 | 3,039.52 | 3,050.14 | 3,067.33 | 3,084.52 | 3,095.14 | 3,112.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,023.00 | 3,039.00 | 3,062.00 | 3,078.00 | 3,101.00 | 3,117.00 | 3,140.00 |
| Camarilla | 3,074.28 | 3,077.85 | 3,081.43 | 3,085.00 | 3,088.58 | 3,092.15 | 3,095.73 |
| Woodie | 3,026.50 | 3,040.75 | 3,065.50 | 3,079.75 | 3,104.50 | 3,118.75 | 3,143.50 |
| Fibonacci | 3,039.00 | 3,053.90 | 3,063.10 | 3,078.00 | 3,092.90 | 3,102.10 | 3,117.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,387.33 | 2,535.67 | 2,799.33 | 2,947.67 | 3,211.33 | 3,359.67 | 3,623.33 |
| Camarilla | 2,949.70 | 2,987.47 | 3,025.23 | 3,063.00 | 3,100.77 | 3,138.53 | 3,176.30 |
| Woodie | 2,445.00 | 2,564.50 | 2,857.00 | 2,976.50 | 3,269.00 | 3,388.50 | 3,681.00 |
| Fibonacci | 2,535.67 | 2,693.05 | 2,790.28 | 2,947.67 | 3,105.05 | 3,202.28 | 3,359.67 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.58 | |
| MACD (12,26,9): | -3.5200 | |
| Directional Movement: | 3.08 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 3,070.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,080.00 | |
| Elder Ray (13): | 3.65 | |
| Super Trend (3,10): | 3,048.98 | |
| Zig ZAG (10): | 3,077.00 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 64.44 | |
| TEMA (21): | 3,067.28 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | -6.00 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.10 |
| MA7: | 3,078.43 | |
| MA20: | 3,037.80 | |
| MA50: | 2,932.60 | |
| MA100: | 2,954.18 | |
| MAexp7: | 3,070.73 | |
| MAexp20: | 3,074.94 | |
| MAexp50: | 3,076.43 | |
| MAexp100: | 3,065.61 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +1.29% | |
| Price / MA50: | +4.92% | |
| Price / MA100: | +4.16% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.37% |
Quotes :
2020-12-01 11:00:14
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15 min delayed data
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EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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