PRT NL INDEX - 1H - Technical analysis published on 05/03/2023 (GMT)
- 114
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 746.41 EUR
My targets
735.27 EUR (-1.21%)
716.88 EUR (-3.68%)
My analysis
The bearish trend is currently very strong for PRT NL INDEX. As long as the price remains below the resistance at 746.41 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 735.27 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 716.88 EUR as an objective. Crossing it would then enable sellers to target 689.01 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PRT NL INDEX price is 744.24 EUR. The price is lower by -0.01% since the last closing with the lowest point at 743.08 EUR and the highest point at 748.70 EUR. The deviation from the price is +0.16% for the low point and -0.60% for the high point.743.08
748.70
744.24
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this PRT NL INDEX chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 689.01 | 716.88 | 735.27 | 744.24 | 746.41 | 756.98 | 765.33 |
| Change (%) | -7.42% | -3.68% | -1.21% | - | +0.29% | +1.71% | +2.83% |
| Change | -55.23 | -27.36 | -8.97 | - | +2.17 | +12.74 | +21.09 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 736.36 | 739.72 | 741.98 | 745.34 | 747.60 | 750.96 | 753.22 |
| Camarilla | 742.70 | 743.21 | 743.73 | 744.24 | 744.76 | 745.27 | 745.79 |
| Woodie | 735.81 | 739.45 | 741.43 | 745.07 | 747.05 | 750.69 | 752.67 |
| Fibonacci | 739.72 | 741.87 | 743.19 | 745.34 | 747.49 | 748.81 | 750.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 727.88 | 736.48 | 747.49 | 756.09 | 767.10 | 775.70 | 786.71 |
| Camarilla | 753.10 | 754.90 | 756.69 | 758.49 | 760.29 | 762.09 | 763.88 |
| Woodie | 729.08 | 737.08 | 748.69 | 756.69 | 768.30 | 776.30 | 787.91 |
| Fibonacci | 736.48 | 743.97 | 748.60 | 756.09 | 763.58 | 768.21 | 775.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 721.96 | 733.52 | 746.01 | 757.57 | 770.06 | 781.62 | 794.11 |
| Camarilla | 751.88 | 754.08 | 756.29 | 758.49 | 760.70 | 762.90 | 765.10 |
| Woodie | 722.42 | 733.75 | 746.47 | 757.80 | 770.52 | 781.85 | 794.57 |
| Fibonacci | 733.52 | 742.71 | 748.39 | 757.57 | 766.76 | 772.44 | 781.62 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.82 | |
| MACD (12,26,9): | -2.5800 | |
| Directional Movement: | -11.42 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 744.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 748.36 | |
| Elder Ray (13): | -2.28 | |
| Super Trend (3,10): | 750.83 | |
| Zig ZAG (10): | 743.92 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 4.36 | |
| TEMA (21): | 743.20 | |
| Williams %R (14): | -94.49 | |
| Chande Momentum Oscillator (20): | -10.41 | |
| Repulse (5,40,3): | -0.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 3.07 |
| MA7: | 752.41 | |
| MA20: | 757.46 | |
| MA50: | 750.02 | |
| MA100: | 741.85 | |
| MAexp7: | 744.69 | |
| MAexp20: | 747.75 | |
| MAexp50: | 751.02 | |
| MAexp100: | 753.30 | |
| Price / MA7: | -1.09% | |
| Price / MA20: | -1.75% | |
| Price / MA50: | -0.77% | |
| Price / MA100: | +0.32% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.47% | |
| Price / MAexp50: | -0.90% | |
| Price / MAexp100: | -1.20% |
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
Online
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…
Add a comment
Comments
0 comments on the analysis PRT NL INDEX - 1H