ESSO

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ES
ISIN:	FR0000120669

ESSO - 1H - Technical analysis published on 04/11/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 146.6 EUR

My targets

161.8 EUR (+5.89%)

My analysis

ESSO 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 146.6 EUR. The next resistance located at 161.8 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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.

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

8.2

Comment on the analysis

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.

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Additional analysis

Quotes

ESSO rating 152.8 EUR. The price registered an increase of +8.52% on the session with the lowest point at 142.0 EUR and the highest point at 156.0 EUR. The deviation from the price is +7.61% for the low point and -2.05% for the high point.

142.0

156.0

152.8

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

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on ESSO were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this ESSO chart shows a strongly bullish trend. 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 is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	128.9	137.0	146.6	152.8
Change (%)	-15.64%	-10.34%	-4.06%	-
Change	-23.9	-15.8	-6.2	-
Level	Intermediate	Intermediate	Intermediate	-

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	133.1	136.9	138.9	142.7	144.7	148.5	150.5
Camarilla	139.2	139.7	140.3	140.8	141.3	141.9	142.4
Woodie	132.1	136.5	137.9	142.3	143.7	148.1	149.5
Fibonacci	136.9	139.2	140.5	142.7	145.0	146.3	148.5

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	112.0	118.2	128.6	134.8	145.2	151.4	161.8
Camarilla	134.4	136.0	137.5	139.0	140.5	142.0	143.6
Woodie	114.1	119.3	130.7	135.9	147.3	152.5	163.9
Fibonacci	118.2	124.5	128.5	134.8	141.1	145.1	151.4

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.0	52.9	89.1	109.0	145.2	165.1	201.3
Camarilla	109.9	115.0	120.2	125.3	130.4	135.6	140.7
Woodie	41.2	57.0	97.3	113.1	153.4	169.2	209.5
Fibonacci	52.9	74.3	87.6	109.0	130.4	143.7	165.1

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):	70.00
MACD (12,26,9):	2.7000
Directional Movement:	30.3
AROON (14):	14.3
DEMA (21):	148.6
Parabolic SAR (0,02-0,02-0,2):	141.4
Elder Ray (13):	6.8
Super Trend (3,10):	145.6
Zig ZAG (10):	153.8
VORTEX (21):	1.2000
Stochastique (14,3,5):	90.00
TEMA (21):	149.5
Williams %R (14):	-19.70
Chande Momentum Oscillator (20):	9.6
Repulse (5,40,3):	2.7000
ROCnROLL:	1
TRIX (15,9):	0.2000
Courbe Coppock:	8.50

MA7:	141.9
MA20:	117.8
MA50:	89.3
MA100:	71.1
MAexp7:	148.7
MAexp20:	145.4
MAexp50:	140.5
MAexp100:	131.8
Price / MA7:	+7.68%
Price / MA20:	+29.71%
Price / MA50:	+71.11%
Price / MA100:	+114.91%
Price / MAexp7:	+2.76%
Price / MAexp20:	+5.09%
Price / MAexp50:	+8.75%
Price / MAexp100:	+15.93%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on ESSO. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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