ESTOXX50 FULL0624 - Daily - Technical analysis published on 07/18/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 3,614 EUR
My targets
3,397 EUR (-2.92%)
3,104 EUR (-11.29%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3,614 EUR remains possible. It is advisable to trade ESTOXX50 FULL0922 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3,614 EUR. The next bearish objective for sellers is set at 3,397 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,104 EUR. In case of crossing, the next objective would be the support located at 2,904 EUR. PS: if there is a bullish break in the resistance located at 3,614 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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This analysis was given by sven-pro-trader. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ESTOXX50 FULL0922 rating 3,499 EUR. On the day, this instrument gained +0.78% and was traded between 3,467 EUR and 3,499 EUR over the period. The price is currently at +0.92% from its lowest and 0% from its highest.3,467
3,499
3,499
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ESTOXX50 FULL0922 indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,464 | 2,904 | 3,397 | 3,499 | 3,510 | 3,614 | 3,876 |
| Change (%) | -29.58% | -17.00% | -2.92% | - | +0.31% | +3.29% | +10.77% |
| Change | -1,035 | -595 | -102 | - | +11 | +115 | +377 |
| Level | Intermediate | Major | Major | - | Major | Minor | Minor |
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 | 3,323 | 3,355 | 3,413 | 3,445 | 3,503 | 3,535 | 3,593 |
| Camarilla | 3,447 | 3,456 | 3,464 | 3,472 | 3,480 | 3,489 | 3,497 |
| Woodie | 3,337 | 3,362 | 3,427 | 3,452 | 3,517 | 3,542 | 3,607 |
| Fibonacci | 3,355 | 3,389 | 3,410 | 3,445 | 3,479 | 3,500 | 3,535 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,267 | 3,315 | 3,393 | 3,441 | 3,519 | 3,567 | 3,645 |
| Camarilla | 3,437 | 3,449 | 3,460 | 3,472 | 3,484 | 3,495 | 3,507 |
| Woodie | 3,283 | 3,323 | 3,409 | 3,449 | 3,535 | 3,575 | 3,661 |
| Fibonacci | 3,315 | 3,363 | 3,393 | 3,441 | 3,489 | 3,519 | 3,567 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,820 | 3,104 | 3,276 | 3,560 | 3,732 | 4,016 | 4,188 |
| Camarilla | 3,323 | 3,364 | 3,406 | 3,448 | 3,490 | 3,532 | 3,573 |
| Woodie | 2,764 | 3,076 | 3,220 | 3,532 | 3,676 | 3,988 | 4,132 |
| Fibonacci | 3,104 | 3,278 | 3,386 | 3,560 | 3,734 | 3,842 | 4,016 |
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): | 50.00 | |
| MACD (12,26,9): | -32.0000 | |
| Directional Movement: | -10 | |
| AROON (14): | -36 | |
| DEMA (21): | 3,430 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,343 | |
| Elder Ray (13): | 17 | |
| Super Trend (3,10): | 3,648 | |
| Zig ZAG (10): | 3,498 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 55.00 | |
| TEMA (21): | 3,439 | |
| Williams %R (14): | -12.00 | |
| Chande Momentum Oscillator (20): | 50 | |
| Repulse (5,40,3): | 2.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.00 |
| MA7: | 3,459 | |
| MA20: | 3,464 | |
| MA50: | 3,576 | |
| MA100: | 3,645 | |
| MAexp7: | 3,462 | |
| MAexp20: | 3,479 | |
| MAexp50: | 3,556 | |
| MAexp100: | 3,656 | |
| Price / MA7: | +1.16% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | -2.15% | |
| Price / MA100: | -4.01% | |
| Price / MAexp7: | +1.07% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | -1.60% | |
| Price / MAexp100: | -4.29% |
Quotes :
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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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