AMX-INDEX - 1H - Technical analysis published on 09/22/2023 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 857.84 EUR
My targets
838.20 EUR (-0.45%)
821.40 EUR (-2.45%)
My analysis
The bearish trend is currently very strong for AMX-INDEX. As long as the price remains below the resistance at 857.84 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 838.20 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 821.40 EUR as an objective. Crossing it would then enable sellers to target 770.80 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
5.4
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Additional analysis
Quotes
The AMX-INDEX price is 842.02 EUR. The price is lower by -0.02% since the last closing and was traded between 837.49 EUR and 844.42 EUR over the period. The price is currently at +0.54% from its lowest and -0.28% from its highest.837.49
844.42
842.02
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AMX-INDEX:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AMX-INDEX indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 7 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 728.98 | 770.80 | 838.20 | 842.02 | 842.80 | 857.84 | 869.41 |
| Change (%) | -13.42% | -8.46% | -0.45% | - | +0.09% | +1.88% | +3.25% |
| Change | -113.04 | -71.22 | -3.82 | - | +0.78 | +15.82 | +27.39 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 831.99 | 837.06 | 839.63 | 844.70 | 847.27 | 852.34 | 854.91 |
| Camarilla | 840.10 | 840.80 | 841.50 | 842.20 | 842.90 | 843.60 | 844.30 |
| Woodie | 830.74 | 836.44 | 838.38 | 844.08 | 846.02 | 851.72 | 853.66 |
| Fibonacci | 837.06 | 839.98 | 841.78 | 844.70 | 847.62 | 849.42 | 852.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 821.40 | 833.23 | 845.74 | 857.57 | 870.08 | 881.91 | 894.42 |
| Camarilla | 851.55 | 853.78 | 856.01 | 858.24 | 860.47 | 862.70 | 864.93 |
| Woodie | 821.73 | 833.40 | 846.07 | 857.74 | 870.41 | 882.08 | 894.75 |
| Fibonacci | 833.23 | 842.53 | 848.28 | 857.57 | 866.87 | 872.62 | 881.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 771.54 | 814.57 | 847.65 | 890.68 | 923.76 | 966.79 | 999.87 |
| Camarilla | 859.79 | 866.77 | 873.74 | 880.72 | 887.70 | 894.67 | 901.65 |
| Woodie | 766.56 | 812.08 | 842.67 | 888.19 | 918.78 | 964.30 | 994.89 |
| Fibonacci | 814.57 | 843.65 | 861.61 | 890.68 | 919.76 | 937.72 | 966.79 |
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): | 46.15 | |
| MACD (12,26,9): | -2.3400 | |
| Directional Movement: | -3.27 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 840.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 837.49 | |
| Elder Ray (13): | 0.26 | |
| Super Trend (3,10): | 846.53 | |
| Zig ZAG (10): | 843.61 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 43.05 | |
| TEMA (21): | 840.16 | |
| Williams %R (14): | -44.43 | |
| Chande Momentum Oscillator (20): | -1.59 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.88 |
| MA7: | 849.67 | |
| MA20: | 860.59 | |
| MA50: | 887.35 | |
| MA100: | 901.57 | |
| MAexp7: | 841.76 | |
| MAexp20: | 844.11 | |
| MAexp50: | 847.90 | |
| MAexp100: | 852.52 | |
| Price / MA7: | -0.90% | |
| Price / MA20: | -2.16% | |
| Price / MA50: | -5.11% | |
| Price / MA100: | -6.61% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -1.23% |
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.
About author
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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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