AMX-INDEX - 1H - Technical analysis published on 01/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 955.97 EUR
My targets
963.19 EUR (+0.40%)
987.82 EUR (+2.97%)
My analysis
The basic bullish trend is very strong on AMX-INDEX 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 955.97 EUR. Crossing the first resistance at 963.19 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 987.82 EUR as an objective. Crossing it would then enable buyers to target 1,032.61 EUR. Caution, a return to below 955.97 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
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Additional analysis
Quotes
AMX-INDEX rating 959.36 EUR. The price is lower by -0.09% since the last closing and was traded between 955.49 EUR and 965.19 EUR over the period. The price is currently at +0.41% from its lowest and -0.60% from its highest.955.49
965.19
959.36
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AMX-INDEX indicates that the overall trend is strongly bullish. 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 scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 934.69 | 948.11 | 955.97 | 959.36 | 963.19 | 987.82 | 1,032.61 |
| Change (%) | -2.57% | -1.17% | -0.35% | - | +0.40% | +2.97% | +7.64% |
| Change | -24.67 | -11.25 | -3.39 | - | +3.83 | +28.46 | +73.25 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | 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 | 945.14 | 950.31 | 954.84 | 960.01 | 964.54 | 969.71 | 974.24 |
| Camarilla | 956.69 | 957.58 | 958.47 | 959.36 | 960.25 | 961.14 | 962.03 |
| Woodie | 944.81 | 950.15 | 954.51 | 959.85 | 964.21 | 969.55 | 973.91 |
| Fibonacci | 950.31 | 954.02 | 956.31 | 960.01 | 963.72 | 966.01 | 969.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 899.23 | 912.72 | 921.19 | 934.68 | 943.15 | 956.64 | 965.11 |
| Camarilla | 923.62 | 925.63 | 927.65 | 929.66 | 931.67 | 933.69 | 935.70 |
| Woodie | 896.72 | 911.47 | 918.68 | 933.43 | 940.64 | 955.39 | 962.60 |
| Fibonacci | 912.72 | 921.11 | 926.29 | 934.68 | 943.07 | 948.25 | 956.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 847.01 | 877.52 | 903.59 | 934.10 | 960.17 | 990.68 | 1,016.75 |
| Camarilla | 914.10 | 919.29 | 924.47 | 929.66 | 934.85 | 940.03 | 945.22 |
| Woodie | 844.79 | 876.41 | 901.37 | 932.99 | 957.95 | 989.57 | 1,014.53 |
| Fibonacci | 877.52 | 899.13 | 912.49 | 934.10 | 955.71 | 969.07 | 990.68 |
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): | 53.84 | |
| MACD (12,26,9): | 2.6500 | |
| Directional Movement: | 3.34 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 963.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 958.34 | |
| Elder Ray (13): | -0.62 | |
| Super Trend (3,10): | 953.77 | |
| Zig ZAG (10): | 959.36 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 49.47 | |
| TEMA (21): | 962.05 | |
| Williams %R (14): | -58.30 | |
| Chande Momentum Oscillator (20): | -0.72 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.50 |
| MA7: | 946.19 | |
| MA20: | 941.25 | |
| MA50: | 935.61 | |
| MA100: | 918.19 | |
| MAexp7: | 960.56 | |
| MAexp20: | 959.06 | |
| MAexp50: | 952.70 | |
| MAexp100: | 947.27 | |
| Price / MA7: | +1.39% | |
| Price / MA20: | +1.92% | |
| Price / MA50: | +2.54% | |
| Price / MA100: | +4.48% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.70% | |
| Price / MAexp100: | +1.28% |
Quotes :
-
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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