AEX25 INDEX - 1H - Technical analysis published on 02/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 838.22 EUR
My targets
861.95 EUR (+0.80%)
872.14 EUR (+1.99%)
My analysis
AEX25 INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 838.22 EUR. The next resistance located at 861.95 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 872.14 EUR. After this resistance, buyers could then target 892.32 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by Stijn. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AEX25 INDEX rating 855.15 EUR. The price registered an increase of +0.89% on the session and was traded between 854.54 EUR and 856.47 EUR over the period. The price is currently at +0.07% from its lowest and -0.15% from its highest.854.54
856.47
855.15
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AEX25 INDEX chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 827.57 | 838.22 | 855.05 | 855.15 |
Change (%) | -3.23% | -1.98% | -0.01% | - |
Change | -27.58 | -16.93 | -0.10 | - |
Level | Major | Intermediate | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 838.23 | 841.25 | 844.42 | 847.44 | 850.61 | 853.63 | 856.80 |
Camarilla | 845.89 | 846.46 | 847.02 | 847.59 | 848.16 | 848.73 | 849.29 |
Woodie | 838.31 | 841.29 | 844.50 | 847.48 | 850.69 | 853.67 | 856.88 |
Fibonacci | 841.25 | 843.62 | 845.08 | 847.44 | 849.81 | 851.27 | 853.63 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 801.21 | 811.40 | 831.58 | 841.77 | 861.95 | 872.14 | 892.32 |
Camarilla | 843.42 | 846.20 | 848.99 | 851.77 | 854.55 | 857.34 | 860.12 |
Woodie | 806.22 | 813.90 | 836.59 | 844.27 | 866.96 | 874.64 | 897.33 |
Fibonacci | 811.40 | 823.00 | 830.17 | 841.77 | 853.37 | 860.54 | 872.14 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 724.89 | 745.78 | 781.99 | 802.88 | 839.09 | 859.98 | 896.19 |
Camarilla | 802.51 | 807.74 | 812.98 | 818.21 | 823.44 | 828.68 | 833.91 |
Woodie | 732.56 | 749.61 | 789.66 | 806.71 | 846.76 | 863.81 | 903.86 |
Fibonacci | 745.78 | 767.59 | 781.06 | 802.88 | 824.69 | 838.16 | 859.98 |
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): | 71.80 | |
MACD (12,26,9): | 2.4400 | |
Directional Movement: | 25.31 | |
AROON (14): | 92.86 | |
DEMA (21): | 851.65 | |
Parabolic SAR (0,02-0,02-0,2): | 845.07 | |
Elder Ray (13): | 5.39 | |
Super Trend (3,10): | 848.74 | |
Zig ZAG (10): | 855.79 | |
VORTEX (21): | 1.0000 | |
Stochastique (14,3,5): | 93.89 | |
TEMA (21): | 853.33 | |
Williams %R (14): | -5.40 | |
Chande Momentum Oscillator (20): | 7.30 | |
Repulse (5,40,3): | -0.0200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 1.79 |
MA7: | 848.56 | |
MA20: | 827.10 | |
MA50: | 800.54 | |
MA100: | 770.27 | |
MAexp7: | 852.69 | |
MAexp20: | 849.05 | |
MAexp50: | 845.65 | |
MAexp100: | 838.38 | |
Price / MA7: | +0.78% | |
Price / MA20: | +3.39% | |
Price / MA50: | +6.82% | |
Price / MA100: | +11.02% | |
Price / MAexp7: | +0.29% | |
Price / MAexp20: | +0.72% | |
Price / MAexp50: | +1.12% | |
Price / MAexp100: | +2.00% |
Quotes :
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15 min delayed data
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Euronext Indices
News
The latest news and videos published on AEX25 INDEX at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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