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 09/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

67%

28%

My opinion

Bullish above 128.2 EUR

My targets

131.0 EUR (+1.24%)

137.5 EUR (+6.26%)

My analysis

ESSO is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 128.2 EUR, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 131.0 EUR. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 137.5 EUR would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 151.3 EUR. Beware of a possible return to under the support located at 128.2 EUR which would be the sign of a correction of the bullish excesses registered in the short term.

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

3.9

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ESSO rating 129.4 EUR. The price has increased by +5.03% since the last closing and was traded between 126.4 EUR and 129.4 EUR over the period. The price is currently at +2.37% from its lowest and 0% from its highest.

126.4

129.4

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 ESSO:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of ESSO indicates that the overall trend is slightly bullish. 50.00% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

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 : 1 hour

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

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

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	124.0	126.0	128.2	129.4	131.0	137.5	151.3
Change (%)	-4.17%	-2.63%	-0.93%	-	+1.24%	+6.26%	+16.92%
Change	-5.4	-3.4	-1.2	-	+1.6	+8.1	+21.9
Level	Minor	Minor	Intermediate	-	Minor	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	118.1	120.7	121.9	124.5	125.7	128.3	129.5
Camarilla	122.2	122.5	122.9	123.2	123.6	123.9	124.3
Woodie	117.5	120.4	121.3	124.2	125.1	128.0	128.9
Fibonacci	120.7	122.1	123.0	124.5	125.9	126.8	128.3

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	103.8	112.0	117.6	125.8	131.4	139.6	145.2
Camarilla	119.4	120.7	121.9	123.2	124.5	125.7	127.0
Woodie	102.5	111.4	116.3	125.2	130.1	139.0	143.9
Fibonacci	112.0	117.3	120.5	125.8	131.1	134.3	139.6

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	89.7	102.5	118.1	130.9	146.5	159.3	174.9
Camarilla	125.8	128.4	131.0	133.6	136.2	138.8	141.4
Woodie	91.0	103.2	119.4	131.6	147.8	160.0	176.2
Fibonacci	102.5	113.4	120.1	130.9	141.8	148.5	159.3

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):	57.20
MACD (12,26,9):	-0.7000
Directional Movement:	4.4
AROON (14):	-64.3
DEMA (21):	125.6
Parabolic SAR (0,02-0,02-0,2):	129.6
Elder Ray (13):	1.6
Super Trend (3,10):	129.5
Zig ZAG (10):	129.2
VORTEX (21):	0.9000
Stochastique (14,3,5):	27.40
TEMA (21):	125.6
Williams %R (14):	-23.10
Chande Momentum Oscillator (20):	1.6
Repulse (5,40,3):	0.6000
ROCnROLL:	1
TRIX (15,9):	-0.1000
Courbe Coppock:	3.50

MA7:	128.5
MA20:	130.1
MA50:	142.2
MA100:	152.2
MAexp7:	126.1
MAexp20:	126.6
MAexp50:	128.0
MAexp100:	129.2
Price / MA7:	+0.70%
Price / MA20:	-0.54%
Price / MA50:	-9.00%
Price / MA100:	-14.98%
Price / MAexp7:	+2.62%
Price / MAexp20:	+2.21%
Price / MAexp50:	+1.09%
Price / MAexp100:	+0.15%

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:

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

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Londinia AI

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