ESSO - 1H - Technical analysis published on 08/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 127.8 EUR
My targets
137.5 EUR (+2.15%)
148.7 EUR (+10.50%)
My analysis
The strong short-term increase in ESSO calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 127.8 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 137.5 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 148.7 EUR as an objective. Crossing it would then enable buyers to target 151.3 EUR. Caution, a return under 127.8 EUR could jeopardize the reversal.
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
2.5
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ESSO rating is 134.6 EUR. The price has increased by +4.67% since the last closing and was traded between 129.6 EUR and 134.6 EUR over the period. The price is currently at +3.86% from its lowest and 0% from its highest.129.6
134.6
134.6
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ESSO in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
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 : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 83.9 | 112.5 | 127.8 | 134.6 | 137.5 | 151.3 | 171.6 |
| Change (%) | -37.67% | -16.42% | -5.05% | - | +2.15% | +12.41% | +27.49% |
| Change | -50.7 | -22.1 | -6.8 | - | +2.9 | +16.7 | +37.0 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.1 | 124.5 | 126.5 | 128.9 | 130.9 | 133.3 | 135.3 |
| Camarilla | 127.4 | 127.8 | 128.2 | 128.6 | 129.0 | 129.4 | 129.8 |
| Woodie | 122.0 | 124.4 | 126.4 | 128.8 | 130.8 | 133.2 | 135.2 |
| Fibonacci | 124.5 | 126.2 | 127.2 | 128.9 | 130.6 | 131.6 | 133.3 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.7 | 112.3 | 122.7 | 138.3 | 148.7 | 164.3 | 174.7 |
| Camarilla | 126.1 | 128.4 | 130.8 | 133.2 | 135.6 | 138.0 | 140.4 |
| Woodie | 94.2 | 111.0 | 120.2 | 137.0 | 146.2 | 163.0 | 172.2 |
| Fibonacci | 112.3 | 122.2 | 128.3 | 138.3 | 148.2 | 154.3 | 164.3 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.4 | 105.6 | 125.6 | 153.8 | 173.8 | 202.0 | 222.0 |
| Camarilla | 132.4 | 136.8 | 141.2 | 145.6 | 150.0 | 154.4 | 158.9 |
| Woodie | 73.3 | 103.6 | 121.5 | 151.8 | 169.7 | 200.0 | 217.9 |
| Fibonacci | 105.6 | 124.0 | 135.4 | 153.8 | 172.2 | 183.6 | 202.0 |
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): | 59.10 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | 0.7 | |
| AROON (14): | 92.9 | |
| DEMA (21): | 130.0 | |
| Parabolic SAR (0,02-0,02-0,2): | 125.3 | |
| Elder Ray (13): | 3.3 | |
| Super Trend (3,10): | 127.4 | |
| Zig ZAG (10): | 134.6 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 100.00 | |
| TEMA (21): | 132.4 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 6.0 | |
| Repulse (5,40,3): | 2.6000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 7.70 |
| MA7: | 135.4 | |
| MA20: | 151.2 | |
| MA50: | 155.7 | |
| MA100: | 149.6 | |
| MAexp7: | 132.2 | |
| MAexp20: | 130.8 | |
| MAexp50: | 134.5 | |
| MAexp100: | 141.1 | |
| Price / MA7: | -0.59% | |
| Price / MA20: | -10.98% | |
| Price / MA50: | -13.55% | |
| Price / MA100: | -10.03% | |
| Price / MAexp7: | +1.82% | |
| Price / MAexp20: | +2.91% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | -4.61% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on ESSO at the time of the analysis were as follows:
- Allego Enters into Long-Term Agreement with Esso Deutschland GmbH to Sell Compliance Credits
- JOLT and ADS-TEC Energy celebrate the success of their strategic partnership with the opening of an ultra-fast charging station at ESSO in Stuttgart
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Esso
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Esso
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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