FTSE EURO TOP 100 - 1H - Technical analysis published on 11/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 3,309.06 EUR
My targets
3,392.48 EUR (+1.43%)
3,490.78 EUR (+4.37%)
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 3,392.48 EUR is the next bullish objective 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 3,542.98 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.6
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Additional analysis
Quotes
The FTSE EURO TOP 100 price is 3,344.53 EUR. On the day, this instrument lost -0.03% with the lowest point at 3,343.01 EUR and the highest point at 3,367.71 EUR. The deviation from the price is +0.05% for the low point and -0.69% for the high point.3,343.01
3,367.71
3,344.53
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FTSE EURO TOP 100 in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported 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, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 3,150.08 | 3,253.43 | 3,309.06 | 3,344.53 | 3,392.48 | 3,490.78 | 3,542.98 |
| Change (%) | -5.81% | -2.72% | -1.06% | - | +1.43% | +4.37% | +5.93% |
| Change | -194.45 | -91.10 | -35.47 | - | +47.95 | +146.25 | +198.45 |
| Level | Major | Major | Major | - | Major | Intermediate | Minor |
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 | 3,182.79 | 3,217.93 | 3,281.75 | 3,316.89 | 3,380.71 | 3,415.85 | 3,479.67 |
| Camarilla | 3,318.37 | 3,327.44 | 3,336.51 | 3,345.58 | 3,354.65 | 3,363.72 | 3,372.79 |
| Woodie | 3,197.14 | 3,225.10 | 3,296.10 | 3,324.06 | 3,395.06 | 3,423.02 | 3,494.02 |
| Fibonacci | 3,217.93 | 3,255.73 | 3,279.08 | 3,316.89 | 3,354.69 | 3,378.04 | 3,415.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,080.25 | 3,123.86 | 3,189.35 | 3,232.96 | 3,298.45 | 3,342.06 | 3,407.55 |
| Camarilla | 3,224.84 | 3,234.84 | 3,244.84 | 3,254.84 | 3,264.84 | 3,274.84 | 3,284.84 |
| Woodie | 3,091.19 | 3,129.33 | 3,200.29 | 3,238.43 | 3,309.39 | 3,347.53 | 3,418.49 |
| Fibonacci | 3,123.86 | 3,165.54 | 3,191.28 | 3,232.96 | 3,274.64 | 3,300.38 | 3,342.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,794.60 | 2,881.19 | 3,043.55 | 3,130.14 | 3,292.50 | 3,379.09 | 3,541.45 |
| Camarilla | 3,137.44 | 3,160.26 | 3,183.08 | 3,205.90 | 3,228.72 | 3,251.54 | 3,274.36 |
| Woodie | 2,832.48 | 2,900.13 | 3,081.43 | 3,149.08 | 3,330.38 | 3,398.03 | 3,579.33 |
| Fibonacci | 2,881.19 | 2,976.29 | 3,035.04 | 3,130.14 | 3,225.24 | 3,283.99 | 3,379.09 |
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): | 72.61 | |
| MACD (12,26,9): | 25.7200 | |
| Directional Movement: | 32.07 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 3,341.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,292.22 | |
| Elder Ray (13): | 23.27 | |
| Super Trend (3,10): | 3,309.16 | |
| Zig ZAG (10): | 3,349.65 | |
| VORTEX (21): | 1.2800 | |
| Stochastique (14,3,5): | 84.69 | |
| TEMA (21): | 3,355.42 | |
| Williams %R (14): | -16.47 | |
| Chande Momentum Oscillator (20): | 87.32 | |
| Repulse (5,40,3): | 0.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 5.07 |
| MA7: | 3,277.91 | |
| MA20: | 3,198.62 | |
| MA50: | 3,148.15 | |
| MA100: | 3,208.34 | |
| MAexp7: | 3,341.47 | |
| MAexp20: | 3,310.16 | |
| MAexp50: | 3,276.81 | |
| MAexp100: | 3,240.82 | |
| Price / MA7: | +2.03% | |
| Price / MA20: | +4.56% | |
| Price / MA50: | +6.24% | |
| Price / MA100: | +4.24% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +1.04% | |
| Price / MAexp50: | +2.07% | |
| Price / MAexp100: | +3.21% |
Quotes :
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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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