AMX-INDEX - 1H - Technical analysis published on 02/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 891.08 EUR
My targets
903.68 EUR (+0.42%)
907.69 EUR (+0.87%)
My analysis
AMX-INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 891.08 EUR. The next resistance located at 903.68 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 907.69 EUR. After this resistance, buyers could then target 919.72 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AMX-INDEX rating 899.88 EUR. The price is lower by -0.01% since the last closing and was traded between 898.26 EUR and 906.54 EUR over the period. The price is currently at +0.18% from its lowest and -0.73% from its highest.898.26
906.54
899.88
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AMX-INDEX:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AMX-INDEX chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
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 detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 874.24 | 877.93 | 891.08 | 899.88 | 900.48 | 903.68 | 907.69 |
Change (%) | -2.85% | -2.44% | -0.98% | - | +0.07% | +0.42% | +0.87% |
Change | -25.64 | -21.95 | -8.80 | - | +0.60 | +3.80 | +7.81 |
Level | Intermediate | Major | Minor | - | Major | Intermediate | Intermediate |
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 | 888.30 | 893.28 | 896.58 | 901.56 | 904.86 | 909.84 | 913.14 |
Camarilla | 897.60 | 898.36 | 899.12 | 899.88 | 900.64 | 901.40 | 902.16 |
Woodie | 887.46 | 892.86 | 895.74 | 901.14 | 904.02 | 909.42 | 912.30 |
Fibonacci | 893.28 | 896.44 | 898.40 | 901.56 | 904.72 | 906.68 | 909.84 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 848.27 | 861.25 | 880.57 | 893.55 | 912.87 | 925.85 | 945.17 |
Camarilla | 891.00 | 893.96 | 896.92 | 899.88 | 902.84 | 905.80 | 908.76 |
Woodie | 851.43 | 862.84 | 883.73 | 895.14 | 916.03 | 927.44 | 948.33 |
Fibonacci | 861.25 | 873.59 | 881.22 | 893.55 | 905.89 | 913.52 | 925.85 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 55.43 | |
MACD (12,26,9): | 2.5400 | |
Directional Movement: | 8.99 | |
AROON (14): | 21.43 | |
DEMA (21): | 902.20 | |
Parabolic SAR (0,02-0,02-0,2): | 905.64 | |
Elder Ray (13): | 0.05 | |
Super Trend (3,10): | 895.63 | |
Zig ZAG (10): | 899.88 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 30.17 | |
TEMA (21): | 902.86 | |
Williams %R (14): | -65.81 | |
Chande Momentum Oscillator (20): | 2.57 | |
Repulse (5,40,3): | -0.2300 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0500 | |
Courbe Coppock: | 1.01 |
MA7: | 891.82 | |
MA20: | 891.66 | |
MA50: | 897.41 | |
MA100: | 860.34 | |
MAexp7: | 900.51 | |
MAexp20: | 898.66 | |
MAexp50: | 894.79 | |
MAexp100: | 892.92 | |
Price / MA7: | +0.90% | |
Price / MA20: | +0.92% | |
Price / MA50: | +0.28% | |
Price / MA100: | +4.60% | |
Price / MAexp7: | -0.07% | |
Price / MAexp20: | +0.14% | |
Price / MAexp50: | +0.57% | |
Price / MAexp100: | +0.78% |
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
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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