FTSE EURO TOP 100 - Daily - Technical analysis published on 08/11/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 3,309.06 EUR
My targets
3,398.79 EUR (+1.10%)
3,490.78 EUR (+3.84%)
My analysis
FTSE EURO TOP 100 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 3,309.06 EUR. The next resistance located at 3,398.79 EUR is the next bullish target 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 3,490.78 EUR. After this resistance, buyers could then target 3,576.03 EUR.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FTSE EURO TOP 100 rating is 3,361.68 EUR. On the day, this instrument lost -0.01% and was between 3,352.62 EUR and 3,375.14 EUR. This implies that the price is at +0.27% from its lowest and at -0.40% from its highest.3,352.62
3,375.14
3,361.68
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FTSE EURO TOP 100 chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 3,202.95 | 3,248.58 | 3,309.06 | 3,361.68 | 3,398.79 | 3,490.78 | 3,576.03 |
| Change (%) | -4.72% | -3.36% | -1.57% | - | +1.10% | +3.84% | +6.38% |
| Change | -158.73 | -113.10 | -52.62 | - | +37.11 | +129.10 | +214.35 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Minor |
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 | 3,328.63 | 3,340.63 | 3,351.15 | 3,363.15 | 3,373.67 | 3,385.67 | 3,396.19 |
| Camarilla | 3,355.49 | 3,357.55 | 3,359.62 | 3,361.68 | 3,363.74 | 3,365.81 | 3,367.87 |
| Woodie | 3,327.90 | 3,340.26 | 3,350.42 | 3,362.78 | 3,372.94 | 3,385.30 | 3,395.46 |
| Fibonacci | 3,340.63 | 3,349.23 | 3,354.54 | 3,363.15 | 3,371.75 | 3,377.06 | 3,385.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,264.57 | 3,297.76 | 3,321.08 | 3,354.27 | 3,377.59 | 3,410.78 | 3,434.10 |
| Camarilla | 3,328.86 | 3,334.04 | 3,339.22 | 3,344.40 | 3,349.58 | 3,354.76 | 3,359.94 |
| Woodie | 3,259.64 | 3,295.29 | 3,316.15 | 3,351.80 | 3,372.66 | 3,408.31 | 3,429.17 |
| Fibonacci | 3,297.76 | 3,319.35 | 3,332.68 | 3,354.27 | 3,375.86 | 3,389.19 | 3,410.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,887.97 | 2,984.90 | 3,171.97 | 3,268.90 | 3,455.97 | 3,552.90 | 3,739.97 |
| Camarilla | 3,280.95 | 3,306.98 | 3,333.02 | 3,359.05 | 3,385.08 | 3,411.12 | 3,437.15 |
| Woodie | 2,933.05 | 3,007.44 | 3,217.05 | 3,291.44 | 3,501.05 | 3,575.44 | 3,785.05 |
| Fibonacci | 2,984.90 | 3,093.39 | 3,160.41 | 3,268.90 | 3,377.39 | 3,444.41 | 3,552.90 |
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): | 63.72 | |
| MACD (12,26,9): | 41.1500 | |
| Directional Movement: | 11.12 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 3,363.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,386.39 | |
| Elder Ray (13): | 29.09 | |
| Super Trend (3,10): | 3,261.21 | |
| Zig ZAG (10): | 3,361.68 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 80.78 | |
| TEMA (21): | 3,392.69 | |
| Williams %R (14): | -17.81 | |
| Chande Momentum Oscillator (20): | 80.65 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 7.04 |
| MA7: | 3,358.33 | |
| MA20: | 3,307.95 | |
| MA50: | 3,232.15 | |
| MA100: | 3,303.43 | |
| MAexp7: | 3,353.86 | |
| MAexp20: | 3,311.80 | |
| MAexp50: | 3,277.37 | |
| MAexp100: | 3,297.11 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +1.62% | |
| Price / MA50: | +4.01% | |
| Price / MA100: | +1.76% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +1.51% | |
| Price / MAexp50: | +2.57% | |
| Price / MAexp100: | +1.96% |
Quotes :
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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
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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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