AMX-INDEX - 1H - Technical analysis published on 02/02/2024 (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:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 890.44 EUR
My targets
882.58 EUR (-0.30%)
877.93 EUR (-0.82%)
My analysis
In the short term, we can see an acceleration in the bearish trend on AMX-INDEX, which is a positive signal for sellers. As long as the price remains above 890.44 EUR, a sale could be considered. The first bearish objective is located at 882.58 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 877.93 EUR as an objective. Crossing it would then enable sellers to target 872.84 EUR. If the price were to return above 890.44 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMX-INDEX rating is 885.22 EUR. The price is lower by -0.08% since the last closing and was between 885.22 EUR and 900.05 EUR. This implies that the price is at 0% from its lowest and at -1.65% from its highest.885.22
900.05
885.22
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AMX-INDEX chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 872.84 | 877.93 | 882.58 | 885.22 | 885.78 | 890.44 | 900.75 |
| Change (%) | -1.40% | -0.82% | -0.30% | - | +0.06% | +0.59% | +1.75% |
| Change | -12.38 | -7.29 | -2.64 | - | +0.56 | +5.22 | +15.53 |
| Level | Major | Major | Minor | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 865.45 | 875.33 | 880.28 | 890.16 | 895.11 | 904.99 | 909.94 |
| Camarilla | 881.14 | 882.50 | 883.86 | 885.22 | 886.58 | 887.94 | 889.30 |
| Woodie | 862.98 | 874.10 | 877.81 | 888.93 | 892.64 | 903.76 | 907.47 |
| Fibonacci | 875.33 | 881.00 | 884.50 | 890.16 | 895.83 | 899.33 | 904.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 855.26 | 870.24 | 877.73 | 892.71 | 900.20 | 915.18 | 922.67 |
| Camarilla | 879.04 | 881.10 | 883.16 | 885.22 | 887.28 | 889.34 | 891.40 |
| Woodie | 851.52 | 868.37 | 873.99 | 890.84 | 896.46 | 913.31 | 918.93 |
| Fibonacci | 870.24 | 878.82 | 884.13 | 892.71 | 901.29 | 906.60 | 915.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 809.37 | 841.11 | 870.25 | 901.99 | 931.13 | 962.87 | 992.01 |
| Camarilla | 882.66 | 888.24 | 893.82 | 899.40 | 904.98 | 910.56 | 916.14 |
| Woodie | 808.08 | 840.46 | 868.96 | 901.34 | 929.84 | 962.22 | 990.72 |
| Fibonacci | 841.11 | 864.36 | 878.73 | 901.99 | 925.24 | 939.61 | 962.87 |
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): | 35.19 | |
| MACD (12,26,9): | -2.2700 | |
| Directional Movement: | -20.81 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 890.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 899.28 | |
| Elder Ray (13): | -5.61 | |
| Super Trend (3,10): | 897.11 | |
| Zig ZAG (10): | 885.22 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 11.77 | |
| TEMA (21): | 889.08 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -8.09 | |
| Repulse (5,40,3): | -0.8800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.71 |
| MA7: | 896.15 | |
| MA20: | 893.60 | |
| MA50: | 891.31 | |
| MA100: | 855.98 | |
| MAexp7: | 890.39 | |
| MAexp20: | 893.44 | |
| MAexp50: | 895.19 | |
| MAexp100: | 895.21 | |
| Price / MA7: | -1.22% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | -0.68% | |
| Price / MA100: | +3.42% | |
| Price / MAexp7: | -0.58% | |
| Price / MAexp20: | -0.92% | |
| Price / MAexp50: | -1.11% | |
| Price / MAexp100: | -1.12% |
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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