ASCX-INDEX - 1H - Technical analysis published on 06/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 1,213.85 EUR
My targets
1,200.01 EUR (-0.89%)
1,188.27 EUR (-1.86%)
My analysis
The basic trend is very bearish on ASCX-INDEX but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on ASCX-INDEX. As long as you stay below the resistance 1,213.85 EUR, sellers' retain the upper hand. A break in the support at 1,200.01 EUR would be a signal that the basic trend will reverse. Sellers would then use the next support located at 1,188.27 EUR as an objective. Crossing it would then enable sellers to target 1,169.97 EUR. If the price were to depress the resistance 1,213.85 EUR in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a 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
2.9
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Additional analysis
Quotes
The ASCX-INDEX price is 1,210.73 EUR. The price is lower by -0.02% since the last closing and was traded between 1,209.84 EUR and 1,215.63 EUR over the period. The price is currently at +0.07% from its lowest and -0.40% from its highest.1,209.84
1,215.63
1,210.73
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ASCX-INDEX:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ASCX-INDEX in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1,169.97 | 1,188.27 | 1,200.01 | 1,210.73 | 1,213.85 | 1,224.79 | 1,241.67 |
| Change (%) | -3.37% | -1.86% | -0.89% | - | +0.26% | +1.16% | +2.56% |
| Change | -40.76 | -22.46 | -10.72 | - | +3.12 | +14.06 | +30.94 |
| Level | Major | Minor | Intermediate | - | Major | Major | 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 | 1,198.52 | 1,201.93 | 1,206.43 | 1,209.84 | 1,214.34 | 1,217.75 | 1,222.25 |
| Camarilla | 1,208.76 | 1,209.48 | 1,210.21 | 1,210.93 | 1,211.66 | 1,212.38 | 1,213.11 |
| Woodie | 1,199.07 | 1,202.20 | 1,206.98 | 1,210.11 | 1,214.89 | 1,218.02 | 1,222.80 |
| Fibonacci | 1,201.93 | 1,204.95 | 1,206.82 | 1,209.84 | 1,212.86 | 1,214.73 | 1,217.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,181.22 | 1,196.97 | 1,209.88 | 1,225.63 | 1,238.54 | 1,254.29 | 1,267.20 |
| Camarilla | 1,214.91 | 1,217.54 | 1,220.16 | 1,222.79 | 1,225.42 | 1,228.04 | 1,230.67 |
| Woodie | 1,179.80 | 1,196.26 | 1,208.46 | 1,224.92 | 1,237.12 | 1,253.58 | 1,265.78 |
| Fibonacci | 1,196.97 | 1,207.92 | 1,214.68 | 1,225.63 | 1,236.58 | 1,243.34 | 1,254.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,056.17 | 1,104.69 | 1,175.14 | 1,223.66 | 1,294.11 | 1,342.63 | 1,413.08 |
| Camarilla | 1,212.87 | 1,223.78 | 1,234.68 | 1,245.59 | 1,256.50 | 1,267.40 | 1,278.31 |
| Woodie | 1,067.14 | 1,110.17 | 1,186.11 | 1,229.14 | 1,305.08 | 1,348.11 | 1,424.05 |
| Fibonacci | 1,104.69 | 1,150.14 | 1,178.21 | 1,223.66 | 1,269.11 | 1,297.18 | 1,342.63 |
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): | 48.70 | |
| MACD (12,26,9): | -1.4300 | |
| Directional Movement: | 4.94 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1,209.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,204.40 | |
| Elder Ray (13): | 1.62 | |
| Super Trend (3,10): | 1,215.68 | |
| Zig ZAG (10): | 1,212.27 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 75.44 | |
| TEMA (21): | 1,210.80 | |
| Williams %R (14): | -36.54 | |
| Chande Momentum Oscillator (20): | 5.06 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.83 |
| MA7: | 1,218.60 | |
| MA20: | 1,232.86 | |
| MA50: | 1,219.83 | |
| MA100: | 1,215.60 | |
| MAexp7: | 1,211.78 | |
| MAexp20: | 1,211.83 | |
| MAexp50: | 1,216.83 | |
| MAexp100: | 1,223.31 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | -1.80% | |
| Price / MA50: | -0.75% | |
| Price / MA100: | -0.40% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.50% | |
| Price / MAexp100: | -1.03% |
Quotes :
-
15 min delayed data
-
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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