FTSE EURO TOP 100 - 1H - Technical analysis published on 01/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 3,735.04 EUR
My targets
3,768.46 EUR (+0.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FTSE EURO TOP 100 as long as the price remains well above 3,735.04 EUR. The buyers' bullish objective is set at 3,768.46 EUR. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.5
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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 price is 3,746.33 EUR. The price registered a decrease of -0.04% on the session with the lowest point at 3,727.58 EUR and the highest point at 3,773.13 EUR. The deviation from the price is +0.50% for the low point and -0.71% for the high point.3,727.58
3,773.13
3,746.33
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 FTSE EURO TOP 100:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of FTSE EURO TOP 100 indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3,677.60 | 3,699.96 | 3,735.04 | 3,746.33 | 3,754.42 | 3,768.46 |
| Change (%) | -1.83% | -1.24% | -0.30% | - | +0.22% | +0.59% |
| Change | -68.73 | -46.37 | -11.29 | - | +8.09 | +22.13 |
| Level | Minor | Intermediate | Major | - | 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 | 3,679.35 | 3,703.46 | 3,724.90 | 3,749.01 | 3,770.45 | 3,794.56 | 3,816.00 |
| Camarilla | 3,733.80 | 3,737.98 | 3,742.16 | 3,746.33 | 3,750.51 | 3,754.68 | 3,758.86 |
| Woodie | 3,678.01 | 3,702.79 | 3,723.56 | 3,748.34 | 3,769.11 | 3,793.89 | 3,814.66 |
| Fibonacci | 3,703.46 | 3,720.86 | 3,731.61 | 3,749.01 | 3,766.41 | 3,777.16 | 3,794.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,711.08 | 3,721.42 | 3,734.58 | 3,744.92 | 3,758.08 | 3,768.42 | 3,781.58 |
| Camarilla | 3,741.29 | 3,743.44 | 3,745.60 | 3,747.75 | 3,749.90 | 3,752.06 | 3,754.21 |
| Woodie | 3,712.50 | 3,722.13 | 3,736.00 | 3,745.63 | 3,759.50 | 3,769.13 | 3,783.00 |
| Fibonacci | 3,721.42 | 3,730.39 | 3,735.94 | 3,744.92 | 3,753.89 | 3,759.44 | 3,768.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,531.75 | 3,583.24 | 3,665.49 | 3,716.98 | 3,799.23 | 3,850.72 | 3,932.97 |
| Camarilla | 3,710.97 | 3,723.23 | 3,735.49 | 3,747.75 | 3,760.01 | 3,772.27 | 3,784.53 |
| Woodie | 3,547.14 | 3,590.93 | 3,680.88 | 3,724.67 | 3,814.62 | 3,858.41 | 3,948.36 |
| Fibonacci | 3,583.24 | 3,634.33 | 3,665.89 | 3,716.98 | 3,768.07 | 3,799.63 | 3,850.72 |
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): | 51.24 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | 8.83 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 3,746.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,763.33 | |
| Elder Ray (13): | 0.90 | |
| Super Trend (3,10): | 3,758.73 | |
| Zig ZAG (10): | 3,746.33 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 38.67 | |
| TEMA (21): | 3,744.20 | |
| Williams %R (14): | -58.84 | |
| Chande Momentum Oscillator (20): | -3.38 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.24 |
| MA7: | 3,740.10 | |
| MA20: | 3,718.88 | |
| MA50: | 3,611.71 | |
| MA100: | 3,594.34 | |
| MAexp7: | 3,744.07 | |
| MAexp20: | 3,745.24 | |
| MAexp50: | 3,741.59 | |
| MAexp100: | 3,732.05 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.74% | |
| Price / MA50: | +3.73% | |
| Price / MA100: | +4.23% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.38% |
Quotes :
-
15 min delayed data
-
Euronext Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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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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