AMX-INDEX - 1H - Technical analysis published on 12/07/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 857.77 EUR
My targets
874.25 EUR (+0.68%)
879.85 EUR (+1.32%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AMX-INDEX as long as the price remains well above 857.77 EUR. The buyers' bullish objective is set at 874.25 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 879.85 EUR. If there is any crossing, the next objective would be the resistance located at 919.72 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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Additional analysis
Quotes
The AMX-INDEX price is 868.37 EUR. The price is lower by -0.05% since the last closing and was traded between 857.56 EUR and 869.81 EUR over the period. The price is currently at +1.26% from its lowest and -0.17% from its highest.857.56
869.81
868.37
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 AMX-INDEX:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AMX-INDEX in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 819.54 | 838.20 | 857.77 | 868.37 | 869.03 | 874.25 | 879.85 |
| Change (%) | -5.62% | -3.47% | -1.22% | - | +0.08% | +0.68% | +1.32% |
| Change | -48.83 | -30.17 | -10.60 | - | +0.66 | +5.88 | +11.48 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 848.43 | 853.00 | 860.68 | 865.25 | 872.93 | 877.50 | 885.18 |
| Camarilla | 865.00 | 866.12 | 867.25 | 868.37 | 869.49 | 870.62 | 871.74 |
| Woodie | 850.00 | 853.78 | 862.25 | 866.03 | 874.50 | 878.28 | 886.75 |
| Fibonacci | 853.00 | 857.68 | 860.57 | 865.25 | 869.93 | 872.82 | 877.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 840.20 | 845.36 | 855.66 | 860.82 | 871.12 | 876.28 | 886.58 |
| Camarilla | 861.72 | 863.14 | 864.55 | 865.97 | 867.39 | 868.80 | 870.22 |
| Woodie | 842.78 | 846.65 | 858.24 | 862.11 | 873.70 | 877.57 | 889.16 |
| Fibonacci | 845.36 | 851.26 | 854.91 | 860.82 | 866.72 | 870.37 | 876.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 706.16 | 743.11 | 800.36 | 837.31 | 894.56 | 931.51 | 988.76 |
| Camarilla | 831.72 | 840.35 | 848.99 | 857.62 | 866.26 | 874.89 | 883.53 |
| Woodie | 716.32 | 748.19 | 810.52 | 842.39 | 904.72 | 936.59 | 998.92 |
| Fibonacci | 743.11 | 779.09 | 801.32 | 837.31 | 873.29 | 895.52 | 931.51 |
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): | 58.28 | |
| MACD (12,26,9): | 1.0500 | |
| Directional Movement: | 6.73 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 866.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 857.78 | |
| Elder Ray (13): | 3.38 | |
| Super Trend (3,10): | 870.78 | |
| Zig ZAG (10): | 868.37 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 83.76 | |
| TEMA (21): | 866.57 | |
| Williams %R (14): | -11.76 | |
| Chande Momentum Oscillator (20): | 2.15 | |
| Repulse (5,40,3): | 0.3300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.41 |
| MA7: | 863.65 | |
| MA20: | 856.80 | |
| MA50: | 825.05 | |
| MA100: | 852.47 | |
| MAexp7: | 866.41 | |
| MAexp20: | 865.00 | |
| MAexp50: | 863.17 | |
| MAexp100: | 859.56 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +1.35% | |
| Price / MA50: | +5.25% | |
| Price / MA100: | +1.87% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +1.02% |
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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