EURONEXT 100 - 1H - Technical analysis published on 11/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
39%
28%
My opinion
Bullish above 1,304.50 EUR
My targets
1,326.83 EUR (+0.62%)
1,334.35 EUR (+1.19%)
My analysis
The basic bullish trend is very strong on EURONEXT 100 but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1,304.50 EUR. Crossing the first resistance at 1,326.83 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1,334.35 EUR as an objective. Crossing it would then enable buyers to target 1,350.47 EUR. Caution, a return to below 1,304.50 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.8
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Additional analysis
Quotes
The EURONEXT 100 price is 1,318.63 EUR. The price is lower by -0.01% since the last closing and was traded between 1,317.52 EUR and 1,323.43 EUR over the period. The price is currently at +0.08% from its lowest and -0.36% from its highest.1,317.52
1,323.43
1,318.63
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
Here is a more detailed summary of the historical variations registered by EURONEXT 100:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EURONEXT 100 in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 5 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,288.91 | 1,294.31 | 1,304.50 | 1,318.63 | 1,319.05 | 1,326.83 | 1,334.35 |
| Change (%) | -2.25% | -1.84% | -1.07% | - | +0.03% | +0.62% | +1.19% |
| Change | -29.72 | -24.32 | -14.13 | - | +0.42 | +8.20 | +15.72 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,308.21 | 1,312.42 | 1,315.57 | 1,319.78 | 1,322.93 | 1,327.14 | 1,330.29 |
| Camarilla | 1,316.71 | 1,317.38 | 1,318.06 | 1,318.73 | 1,319.41 | 1,320.08 | 1,320.75 |
| Woodie | 1,307.69 | 1,312.16 | 1,315.05 | 1,319.52 | 1,322.41 | 1,326.88 | 1,329.77 |
| Fibonacci | 1,312.42 | 1,315.23 | 1,316.97 | 1,319.78 | 1,322.59 | 1,324.33 | 1,327.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,232.53 | 1,251.87 | 1,285.30 | 1,304.64 | 1,338.07 | 1,357.41 | 1,390.84 |
| Camarilla | 1,304.22 | 1,309.06 | 1,313.89 | 1,318.73 | 1,323.57 | 1,328.41 | 1,333.24 |
| Woodie | 1,239.58 | 1,255.39 | 1,292.35 | 1,308.16 | 1,345.12 | 1,360.93 | 1,397.89 |
| Fibonacci | 1,251.87 | 1,272.03 | 1,284.48 | 1,304.64 | 1,324.80 | 1,337.25 | 1,357.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,186.78 | 1,225.97 | 1,255.98 | 1,295.17 | 1,325.18 | 1,364.37 | 1,394.38 |
| Camarilla | 1,266.97 | 1,273.31 | 1,279.66 | 1,286.00 | 1,292.34 | 1,298.69 | 1,305.03 |
| Woodie | 1,182.20 | 1,223.68 | 1,251.40 | 1,292.88 | 1,320.60 | 1,362.08 | 1,389.80 |
| Fibonacci | 1,225.97 | 1,252.40 | 1,268.73 | 1,295.17 | 1,321.60 | 1,337.93 | 1,364.37 |
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): | 61.42 | |
| MACD (12,26,9): | 5.3000 | |
| Directional Movement: | 21.62 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 1,323.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,317.52 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 1,309.23 | |
| Zig ZAG (10): | 1,318.22 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 32.16 | |
| TEMA (21): | 1,322.37 | |
| Williams %R (14): | -71.86 | |
| Chande Momentum Oscillator (20): | -2.91 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 0.26 |
| MA7: | 1,296.95 | |
| MA20: | 1,299.87 | |
| MA50: | 1,319.85 | |
| MA100: | 1,341.06 | |
| MAexp7: | 1,318.79 | |
| MAexp20: | 1,315.51 | |
| MAexp50: | 1,304.77 | |
| MAexp100: | 1,298.91 | |
| Price / MA7: | +1.67% | |
| Price / MA20: | +1.44% | |
| Price / MA50: | -0.09% | |
| Price / MA100: | -1.67% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +1.06% | |
| Price / MAexp100: | +1.52% |
Quotes :
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15 min delayed data
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Euronext 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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