ELEC.STRASBOURG - Daily - Technical analysis published on 02/17/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 113.0 EUR
My targets
128.5 EUR (+6.64%)
133.0 EUR (+10.37%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ELEC.STRASBOURG as long as the price remains well above 113.0 EUR. The buyers” bullish objective is set at 128.5 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 133.0 EUR. If there is any crossing, the next objective would be the resistance located at 140.9 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ELEC.STRASBOURG price is 120.5 EUR. On the day, this instrument lost -1.23% and was between 120.5 EUR and 121.5 EUR. This implies that the price is at 0% from its lowest and at -0.82% from its highest.120.5
121.5
120.5
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of ELEC.STRASBOURG indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 109.0 | 113.0 | 118.7 | 120.5 | 128.5 | 133.0 | 140.9 |
| Change (%) | -9.54% | -6.22% | -1.49% | - | +6.64% | +10.37% | +16.93% |
| Change | -11.5 | -7.5 | -1.8 | - | +8.0 | +12.5 | +20.4 |
| Level | Minor | Minor | Major | - | Minor | Minor | Major |
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 | 118.7 | 119.3 | 120.7 | 121.3 | 122.7 | 123.3 | 124.7 |
| Camarilla | 121.5 | 121.6 | 121.8 | 122.0 | 122.2 | 122.4 | 122.6 |
| Woodie | 119.0 | 119.5 | 121.0 | 121.5 | 123.0 | 123.5 | 125.0 |
| Fibonacci | 119.3 | 120.1 | 120.6 | 121.3 | 122.1 | 122.6 | 123.3 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 117.8 | 118.7 | 120.3 | 121.2 | 122.8 | 123.7 | 125.3 |
| Camarilla | 121.3 | 121.5 | 121.8 | 122.0 | 122.2 | 122.5 | 122.7 |
| Woodie | 118.3 | 118.9 | 120.8 | 121.4 | 123.3 | 123.9 | 125.8 |
| Fibonacci | 118.7 | 119.6 | 120.2 | 121.2 | 122.1 | 122.7 | 123.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.0 | 113.5 | 116.5 | 119.0 | 122.0 | 124.5 | 127.5 |
| Camarilla | 118.0 | 118.5 | 119.0 | 119.5 | 120.0 | 120.5 | 121.0 |
| Woodie | 111.3 | 113.6 | 116.8 | 119.1 | 122.3 | 124.6 | 127.8 |
| Fibonacci | 113.5 | 115.6 | 116.9 | 119.0 | 121.1 | 122.4 | 124.5 |
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): | 54.50 | |
| MACD (12,26,9): | 0.8000 | |
| Directional Movement: | 0 | |
| AROON (14): | 64.3 | |
| DEMA (21): | 121.0 | |
| Parabolic SAR (0,02-0,02-0,2): | 116.0 | |
| Elder Ray (13): | 0.7 | |
| Super Trend (3,10): | 116.1 | |
| Zig ZAG (10): | 120.5 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 85.70 | |
| TEMA (21): | 121.0 | |
| Williams %R (14): | -21.40 | |
| Chande Momentum Oscillator (20): | 1.5 | |
| Repulse (5,40,3): | 0.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 2.50 |
| MA7: | 120.7 | |
| MA20: | 119.9 | |
| MA50: | 118.4 | |
| MA100: | 114.1 | |
| MAexp7: | 120.7 | |
| MAexp20: | 119.9 | |
| MAexp50: | 118.1 | |
| MAexp100: | 115.4 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | +0.50% | |
| Price / MA50: | +1.77% | |
| Price / MA100: | +5.61% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | +2.03% | |
| Price / MAexp100: | +4.42% |
This member declared not having a position on this financial instrument or a related financial instrument.
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