ESSO - 1H - Technical analysis published on 08/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 126.0 EUR
My targets
137.5 EUR (+3.85%)
146.2 EUR (+10.42%)
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 126.0 EUR. The next resistance located at 137.5 EUR is the next bullish target 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 146.2 EUR. After this resistance, buyers could then target 151.3 EUR.
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
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ESSO rating 132.4 EUR. On the day, this instrument gained +3.60% and was traded between 127.2 EUR and 132.4 EUR over the period. The price is currently at +4.09% from its lowest and 0% from its highest.127.2
132.4
132.4
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of ESSO in 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 | 112.5 | 115.4 | 126.0 | 132.4 | 137.5 | 146.2 | 151.3 |
| Change (%) | -15.03% | -12.84% | -4.83% | - | +3.85% | +10.42% | +14.27% |
| Change | -19.9 | -17.0 | -6.4 | - | +5.1 | +13.8 | +18.9 |
| Level | Minor | Minor | Major | - | Major | Minor | 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 | 124.9 | 125.9 | 126.9 | 127.9 | 128.9 | 129.9 | 130.9 |
| Camarilla | 127.3 | 127.4 | 127.6 | 127.8 | 128.0 | 128.2 | 128.4 |
| Woodie | 124.8 | 125.9 | 126.8 | 127.9 | 128.8 | 129.9 | 130.8 |
| Fibonacci | 125.9 | 126.7 | 127.2 | 127.9 | 128.7 | 129.2 | 129.9 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 117.2 | 122.2 | 125.6 | 130.6 | 134.0 | 139.0 | 142.4 |
| Camarilla | 126.7 | 127.5 | 128.2 | 129.0 | 129.8 | 130.5 | 131.3 |
| Woodie | 116.4 | 121.8 | 124.8 | 130.2 | 133.2 | 138.6 | 141.6 |
| Fibonacci | 122.2 | 125.4 | 127.4 | 130.6 | 133.8 | 135.8 | 139.0 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.30 | |
| MACD (12,26,9): | 0.5000 | |
| Directional Movement: | 14.9 | |
| AROON (14): | 50.0 | |
| DEMA (21): | 130.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 127.1 | |
| Elder Ray (13): | 2.0 | |
| Super Trend (3,10): | 128.8 | |
| Zig ZAG (10): | 132.4 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 95.10 | |
| TEMA (21): | 131.0 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 5.0 | |
| Repulse (5,40,3): | 1.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.10 |
| MA7: | 130.0 | |
| MA20: | 131.2 | |
| MA50: | 144.9 | |
| MA100: | 152.9 | |
| MAexp7: | 130.9 | |
| MAexp20: | 129.8 | |
| MAexp50: | 130.0 | |
| MAexp100: | 131.3 | |
| Price / MA7: | +1.85% | |
| Price / MA20: | +0.91% | |
| Price / MA50: | -8.63% | |
| Price / MA100: | -13.41% | |
| Price / MAexp7: | +1.15% | |
| Price / MAexp20: | +2.00% | |
| Price / MAexp50: | +1.85% | |
| Price / MAexp100: | +0.84% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on ESSO at the time of the generation of this analysis was 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
-
Esso
-
Esso
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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