STOXX50 FULL0624 - Daily - Technical analysis published on 09/29/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
22%
56%
22%
My opinion
Bearish under 3,553.56 EUR
My targets
3,429.67 EUR (-1.90%)
3,347.60 EUR (-4.24%)
My analysis
The strong short-term decrease of STOXX50 FULL1221 should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 3,553.56 EUR, a sale could be considered. The first bearish objective is located at 3,429.67 EUR. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 3,347.60 EUR. If there is any crossing, the next objective would be support 3,231.00 EUR. Caution, if there is a return to above 3,553.56 EUR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
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 FULL1221 rating is 3,496.00 EUR. The price has increased by +0.92% since the last closing and was between 3,483.00 EUR and 3,500.00 EUR. This implies that the price is at +0.37% from its lowest and at -0.11% from its highest.3,483.00
3,500.00
3,496.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of STOXX50 FULL1221 in Daily shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,231.00 | 3,347.60 | 3,429.67 | 3,496.00 | 3,497.00 | 3,553.56 | 3,653.00 |
| Change (%) | -7.58% | -4.24% | -1.90% | - | +0.03% | +1.65% | +4.49% |
| Change | -265.00 | -148.40 | -66.33 | - | +1.00 | +57.56 | +157.00 |
| Level | Minor | Minor | Major | - | Minor | 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 | 3,376.33 | 3,416.67 | 3,440.33 | 3,480.67 | 3,504.33 | 3,544.67 | 3,568.33 |
| Camarilla | 3,446.40 | 3,452.27 | 3,458.13 | 3,464.00 | 3,469.87 | 3,475.73 | 3,481.60 |
| Woodie | 3,368.00 | 3,412.50 | 3,432.00 | 3,476.50 | 3,496.00 | 3,540.50 | 3,560.00 |
| Fibonacci | 3,416.67 | 3,441.12 | 3,456.22 | 3,480.67 | 3,505.12 | 3,520.22 | 3,544.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,303.67 | 3,364.33 | 3,450.67 | 3,511.33 | 3,597.67 | 3,658.33 | 3,744.67 |
| Camarilla | 3,496.58 | 3,510.05 | 3,523.53 | 3,537.00 | 3,550.48 | 3,563.95 | 3,577.43 |
| Woodie | 3,316.50 | 3,370.75 | 3,463.50 | 3,517.75 | 3,610.50 | 3,664.75 | 3,757.50 |
| Fibonacci | 3,364.33 | 3,420.49 | 3,455.18 | 3,511.33 | 3,567.49 | 3,602.18 | 3,658.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,420.67 | 3,475.33 | 3,539.67 | 3,594.33 | 3,658.67 | 3,713.33 | 3,777.67 |
| Camarilla | 3,571.28 | 3,582.18 | 3,593.09 | 3,604.00 | 3,614.91 | 3,625.82 | 3,636.73 |
| Woodie | 3,425.50 | 3,477.75 | 3,544.50 | 3,596.75 | 3,663.50 | 3,715.75 | 3,782.50 |
| Fibonacci | 3,475.33 | 3,520.79 | 3,548.88 | 3,594.33 | 3,639.79 | 3,667.88 | 3,713.33 |
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): | 43.07 | |
| MACD (12,26,9): | -22.1100 | |
| Directional Movement: | -20.33 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 3,510.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,436.41 | |
| Elder Ray (13): | -32.34 | |
| Super Trend (3,10): | 3,436.43 | |
| Zig ZAG (10): | 3,496.00 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 44.49 | |
| TEMA (21): | 3,489.70 | |
| Williams %R (14): | -55.35 | |
| Chande Momentum Oscillator (20): | -68.00 | |
| Repulse (5,40,3): | -1.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 4.10 |
| MA7: | 3,516.29 | |
| MA20: | 3,545.05 | |
| MA50: | 3,570.22 | |
| MA100: | 3,523.38 | |
| MAexp7: | 3,510.45 | |
| MAexp20: | 3,536.74 | |
| MAexp50: | 3,545.78 | |
| MAexp100: | 3,493.64 | |
| Price / MA7: | -0.58% | |
| Price / MA20: | -1.38% | |
| Price / MA50: | -2.08% | |
| Price / MA100: | -0.78% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -1.15% | |
| Price / MAexp50: | -1.40% | |
| Price / MAexp100: | +0.07% |
Quotes :
-
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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