TECH ALL SHARE PERF INDEX - 1H - Technical analysis published on 04/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 3,977.54 EUR
My targets
4,040.65 EUR (+0.39%)
4,074.56 EUR (+1.23%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TECH ALL SHARE PERF INDEX as long as the price remains well above 3,977.54 EUR. The buyers' bullish objective is set at 4,040.65 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,074.56 EUR. If there is any crossing, the next objective would be the resistance located at 4,165.30 EUR.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TECH ALL SHARE PERF INDEX rating 4,024.87 EUR. The price registered an increase of +1.50% on the session and was traded between 3,964.05 EUR and 4,033.31 EUR over the period. The price is currently at +1.53% from its lowest and -0.21% from its highest.3,964.05
4,033.31
4,024.87
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TECH ALL SHARE PERF INDEX indicates that the overall trend is bullish. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 3,964.80 | 3,977.54 | 4,023.68 | 4,024.87 | 4,040.65 | 4,074.56 | 4,165.30 |
Change (%) | -1.49% | -1.18% | -0.03% | - | +0.39% | +1.23% | +3.49% |
Change | -60.07 | -47.33 | -1.19 | - | +15.78 | +49.69 | +140.43 |
Level | Minor | Minor | Minor | - | Intermediate | Major | Major |
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 | 3,905.05 | 3,918.15 | 3,941.81 | 3,954.91 | 3,978.57 | 3,991.67 | 4,015.33 |
Camarilla | 3,955.36 | 3,958.73 | 3,962.10 | 3,965.47 | 3,968.84 | 3,972.21 | 3,975.58 |
Woodie | 3,910.33 | 3,920.79 | 3,947.09 | 3,957.55 | 3,983.85 | 3,994.31 | 4,020.61 |
Fibonacci | 3,918.15 | 3,932.19 | 3,940.87 | 3,954.91 | 3,968.95 | 3,977.63 | 3,991.67 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3,757.98 | 3,844.62 | 3,905.04 | 3,991.68 | 4,052.10 | 4,138.74 | 4,199.16 |
Camarilla | 3,925.03 | 3,938.51 | 3,951.99 | 3,965.47 | 3,978.95 | 3,992.43 | 4,005.91 |
Woodie | 3,744.88 | 3,838.07 | 3,891.94 | 3,985.13 | 4,039.00 | 4,132.19 | 4,186.06 |
Fibonacci | 3,844.62 | 3,900.79 | 3,935.50 | 3,991.68 | 4,047.85 | 4,082.56 | 4,138.74 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3,663.78 | 3,773.60 | 3,922.21 | 4,032.03 | 4,180.64 | 4,290.46 | 4,439.07 |
Camarilla | 3,999.74 | 4,023.43 | 4,047.12 | 4,070.81 | 4,094.50 | 4,118.19 | 4,141.88 |
Woodie | 3,683.17 | 3,783.30 | 3,941.60 | 4,041.73 | 4,200.03 | 4,300.16 | 4,458.46 |
Fibonacci | 3,773.60 | 3,872.32 | 3,933.31 | 4,032.03 | 4,130.75 | 4,191.74 | 4,290.46 |
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): | 70.04 | |
MACD (12,26,9): | 10.2900 | |
Directional Movement: | 28.37 | |
AROON (14): | 71.43 | |
DEMA (21): | 3,999.18 | |
Parabolic SAR (0,02-0,02-0,2): | 3,975.01 | |
Elder Ray (13): | 31.01 | |
Super Trend (3,10): | 3,996.47 | |
Zig ZAG (10): | 4,028.66 | |
VORTEX (21): | 1.3100 | |
Stochastique (14,3,5): | 97.78 | |
TEMA (21): | 4,018.87 | |
Williams %R (14): | -4.71 | |
Chande Momentum Oscillator (20): | 93.88 | |
Repulse (5,40,3): | 0.4100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 3.36 |
MA7: | 4,009.29 | |
MA20: | 4,007.48 | |
MA50: | 4,031.42 | |
MA100: | 3,977.43 | |
MAexp7: | 4,013.59 | |
MAexp20: | 3,992.41 | |
MAexp50: | 3,996.09 | |
MAexp100: | 4,003.73 | |
Price / MA7: | +0.39% | |
Price / MA20: | +0.43% | |
Price / MA50: | -0.16% | |
Price / MA100: | +1.19% | |
Price / MAexp7: | +0.28% | |
Price / MAexp20: | +0.81% | |
Price / MAexp50: | +0.72% | |
Price / MAexp100: | +0.53% |
Quotes :
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15 min delayed data
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Germany Indices
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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