AMX-INDEX - 1H - Technical analysis published on 12/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 873.00 EUR
My targets
858.60 EUR (-0.50%)
853.99 EUR (-1.03%)
My analysis
The bearish trend is currently very strong for AMX-INDEX. As long as the price remains below the resistance at 873.00 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 858.60 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 853.99 EUR as an objective. Crossing it would then enable sellers to target 850.09 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1
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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 862.91 EUR. The price is lower by -0.02% since the last closing with the lowest point at 862.01 EUR and the highest point at 865.62 EUR. The deviation from the price is +0.10% for the low point and -0.31% for the high point.862.01
865.62
862.91
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
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a 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 bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being 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, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
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.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 850.09 | 853.99 | 858.60 | 862.91 | 863.56 | 873.00 | 877.51 |
| Change (%) | -1.49% | -1.03% | -0.50% | - | +0.08% | +1.17% | +1.69% |
| Change | -12.82 | -8.92 | -4.31 | - | +0.65 | +10.09 | +14.60 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Major |
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 | 851.91 | 857.47 | 860.26 | 865.82 | 868.61 | 874.17 | 876.96 |
| Camarilla | 860.74 | 861.51 | 862.28 | 863.04 | 863.81 | 864.57 | 865.34 |
| Woodie | 850.52 | 856.78 | 858.87 | 865.13 | 867.22 | 873.48 | 875.57 |
| Fibonacci | 857.47 | 860.66 | 862.63 | 865.82 | 869.01 | 870.98 | 874.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 856.59 | 861.62 | 871.70 | 876.73 | 886.81 | 891.84 | 901.92 |
| Camarilla | 877.62 | 879.00 | 880.39 | 881.77 | 883.16 | 884.54 | 885.93 |
| Woodie | 859.11 | 862.88 | 874.22 | 877.99 | 889.33 | 893.10 | 904.44 |
| Fibonacci | 861.62 | 867.40 | 870.96 | 876.73 | 882.51 | 886.07 | 891.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 824.88 | 837.49 | 853.88 | 866.49 | 882.88 | 895.49 | 911.88 |
| Camarilla | 862.31 | 864.96 | 867.62 | 870.28 | 872.94 | 875.60 | 878.26 |
| Woodie | 826.78 | 838.44 | 855.78 | 867.44 | 884.78 | 896.44 | 913.78 |
| Fibonacci | 837.49 | 848.57 | 855.41 | 866.49 | 877.57 | 884.41 | 895.49 |
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): | 33.93 | |
| MACD (12,26,9): | -2.5300 | |
| Directional Movement: | -11.16 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 863.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 866.86 | |
| Elder Ray (13): | -1.87 | |
| Super Trend (3,10): | 870.12 | |
| Zig ZAG (10): | 862.75 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 12.86 | |
| TEMA (21): | 862.47 | |
| Williams %R (14): | -90.19 | |
| Chande Momentum Oscillator (20): | -5.12 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.17 |
| MA7: | 871.42 | |
| MA20: | 867.88 | |
| MA50: | 878.30 | |
| MA100: | 880.72 | |
| MAexp7: | 863.99 | |
| MAexp20: | 866.86 | |
| MAexp50: | 869.92 | |
| MAexp100: | 870.27 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -1.75% | |
| Price / MA100: | -2.02% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.46% | |
| Price / MAexp50: | -0.81% | |
| Price / MAexp100: | -0.85% |
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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