STOXX50 FULL0624 - Daily - Technical analysis published on 01/27/2022 (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
11%
61%
28%
My opinion
Bearish under 3,760.56 EUR
My targets
3,553.56 EUR (-3.36%)
3,445.90 EUR (-6.29%)
My analysis
The strong short-term decrease of STOXX50 FULL0322 should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 3,760.56 EUR, a sale could be considered. The first bearish objective is located at 3,553.56 EUR. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 3,445.90 EUR. If there is any crossing, the next objective would be support 3,348.00 EUR. Caution, if there is a return to above 3,760.56 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.7
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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
STOXX50 FULL0322 rating 3,677.00 EUR. The price registered a decrease of -0.92% on the session and was traded between 3,663.00 EUR and 3,677.00 EUR over the period. The price is currently at +0.38% from its lowest and 0% from its highest.3,663.00
3,677.00
3,677.00
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead 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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of STOXX50 FULL0322 indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 3,445.90 | 3,553.56 | 3,646.00 | 3,677.00 | 3,760.56 | 3,805.00 | 4,012.00 |
| Change (%) | -6.29% | -3.36% | -0.84% | - | +2.27% | +3.48% | +9.11% |
| Change | -231.10 | -123.44 | -31.00 | - | +83.56 | +128.00 | +335.00 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Intermediate |
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 | 3,638.67 | 3,660.33 | 3,685.67 | 3,707.33 | 3,732.67 | 3,754.33 | 3,779.67 |
| Camarilla | 3,698.08 | 3,702.38 | 3,706.69 | 3,711.00 | 3,715.31 | 3,719.62 | 3,723.93 |
| Woodie | 3,640.50 | 3,661.25 | 3,687.50 | 3,708.25 | 3,734.50 | 3,755.25 | 3,781.50 |
| Fibonacci | 3,660.33 | 3,678.29 | 3,689.38 | 3,707.33 | 3,725.29 | 3,736.38 | 3,754.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,617.33 | 3,668.67 | 3,710.33 | 3,761.67 | 3,803.33 | 3,854.67 | 3,896.33 |
| Camarilla | 3,726.43 | 3,734.95 | 3,743.48 | 3,752.00 | 3,760.53 | 3,769.05 | 3,777.58 |
| Woodie | 3,612.50 | 3,666.25 | 3,705.50 | 3,759.25 | 3,798.50 | 3,852.25 | 3,891.50 |
| Fibonacci | 3,668.67 | 3,704.19 | 3,726.14 | 3,761.67 | 3,797.19 | 3,819.14 | 3,854.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,351.00 | 3,447.00 | 3,619.00 | 3,715.00 | 3,887.00 | 3,983.00 | 4,155.00 |
| Camarilla | 3,717.30 | 3,741.87 | 3,766.43 | 3,791.00 | 3,815.57 | 3,840.13 | 3,864.70 |
| Woodie | 3,389.00 | 3,466.00 | 3,657.00 | 3,734.00 | 3,925.00 | 4,002.00 | 4,193.00 |
| Fibonacci | 3,447.00 | 3,549.38 | 3,612.62 | 3,715.00 | 3,817.38 | 3,880.62 | 3,983.00 |
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): | 42.85 | |
| MACD (12,26,9): | -8.9400 | |
| Directional Movement: | -15.03 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 3,736.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,779.49 | |
| Elder Ray (13): | -60.20 | |
| Super Trend (3,10): | 3,812.94 | |
| Zig ZAG (10): | 3,677.00 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 42.61 | |
| TEMA (21): | 3,705.48 | |
| Williams %R (14): | -59.13 | |
| Chande Momentum Oscillator (20): | -115.00 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 4.56 |
| MA7: | 3,715.86 | |
| MA20: | 3,767.15 | |
| MA50: | 3,712.46 | |
| MA100: | 3,630.83 | |
| MAexp7: | 3,708.06 | |
| MAexp20: | 3,737.77 | |
| MAexp50: | 3,712.62 | |
| MAexp100: | 3,648.13 | |
| Price / MA7: | -1.05% | |
| Price / MA20: | -2.39% | |
| Price / MA50: | -0.96% | |
| Price / MA100: | +1.27% | |
| Price / MAexp7: | -0.84% | |
| Price / MAexp20: | -1.63% | |
| Price / MAexp50: | -0.96% | |
| Price / MAexp100: | +0.79% |
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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