PRT NL INDEX - 1H - Technical analysis published on 07/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 755.96 EUR
My targets
748.80 EUR (-0.59%)
733.60 EUR (-2.61%)
My analysis
PRT NL INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 755.96 EUR. The next support located at 748.80 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 733.60 EUR. Below this support, sellers could then target 717.13 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
6.6
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 753.23 EUR. The price is lower by -0.02% since the last closing with the lowest point at 747.60 EUR and the highest point at 756.70 EUR. The deviation from the price is +0.75% for the low point and -0.46% for the high point.747.60
756.70
753.23
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. 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 market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
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:
RSI indicator is oversold : under 30
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.
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 | 689.01 | 717.13 | 748.80 | 753.23 | 755.96 | 763.77 | 771.69 |
| Change (%) | -8.53% | -4.79% | -0.59% | - | +0.36% | +1.40% | +2.45% |
| Change | -64.22 | -36.10 | -4.43 | - | +2.73 | +10.54 | +18.46 |
| Level | Intermediate | Major | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 734.60 | 743.07 | 748.21 | 756.68 | 761.82 | 770.29 | 775.43 |
| Camarilla | 749.60 | 750.85 | 752.09 | 753.34 | 754.59 | 755.84 | 757.08 |
| Woodie | 732.93 | 742.24 | 746.54 | 755.85 | 760.15 | 769.46 | 773.76 |
| Fibonacci | 743.07 | 748.27 | 751.48 | 756.68 | 761.88 | 765.09 | 770.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 733.60 | 742.46 | 758.20 | 767.06 | 782.80 | 791.66 | 807.40 |
| Camarilla | 767.18 | 769.43 | 771.69 | 773.94 | 776.20 | 778.45 | 780.71 |
| Woodie | 737.04 | 744.18 | 761.64 | 768.78 | 786.24 | 793.38 | 810.84 |
| Fibonacci | 742.46 | 751.86 | 757.66 | 767.06 | 776.46 | 782.26 | 791.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 732.02 | 741.36 | 757.65 | 766.99 | 783.28 | 792.62 | 808.91 |
| Camarilla | 766.89 | 769.24 | 771.59 | 773.94 | 776.29 | 778.64 | 780.99 |
| Woodie | 735.50 | 743.10 | 761.13 | 768.73 | 786.76 | 794.36 | 812.39 |
| Fibonacci | 741.36 | 751.15 | 757.20 | 766.99 | 776.78 | 782.83 | 792.62 |
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): | 27.90 | |
| MACD (12,26,9): | -5.3800 | |
| Directional Movement: | -19.32 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 751.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 748.08 | |
| Elder Ray (13): | -2.35 | |
| Super Trend (3,10): | 756.96 | |
| Zig ZAG (10): | 752.55 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 34.04 | |
| TEMA (21): | 748.36 | |
| Williams %R (14): | -65.34 | |
| Chande Momentum Oscillator (20): | -8.09 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 3.55 |
| MA7: | 767.63 | |
| MA20: | 765.57 | |
| MA50: | 760.30 | |
| MA100: | 755.76 | |
| MAexp7: | 753.12 | |
| MAexp20: | 758.16 | |
| MAexp50: | 764.26 | |
| MAexp100: | 765.54 | |
| Price / MA7: | -1.88% | |
| Price / MA20: | -1.61% | |
| Price / MA50: | -0.93% | |
| Price / MA100: | -0.33% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | -1.44% | |
| Price / MAexp100: | -1.61% |
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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