ESTX SELECT DIV 30 EUR (PRICE) - Daily - Technical analysis published on 08/05/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1,547.50 EUR
My targets
1,645.57 EUR (+2.94%)
1,739.87 EUR (+8.84%)
My analysis
The strong short-term increase in ESTX SELECT DIV 30 EUR (PRICE) calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1,547.50 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1,645.57 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,739.87 EUR as an objective. Crossing it would then enable buyers to target 1,854.52 EUR. Caution, a return under 1,547.50 EUR could jeopardize the reversal.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3
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Additional analysis
Quotes
The ESTX SELECT DIV 30 EUR (PRICE) rating is 1,598.50 EUR. On the day, this instrument lost -0.03% and was between 1,593.28 EUR and 1,600.74 EUR. This implies that the price is at +0.33% from its lowest and at -0.14% from its highest.1,593.28
1,600.74
1,598.50
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ESTX SELECT DIV 30 EUR (PRICE) indicates that the overall trend is slightly bearish. 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. 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.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,471.05 | 1,547.50 | 1,597.26 | 1,598.50 | 1,645.57 | 1,739.87 | 1,854.52 |
| Change (%) | -7.97% | -3.19% | -0.08% | - | +2.94% | +8.84% | +16.02% |
| Change | -127.45 | -51.00 | -1.24 | - | +47.07 | +141.37 | +256.02 |
| Level | Major | Major | Major | - | Minor | Intermediate | 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 | 1,579.26 | 1,586.32 | 1,592.63 | 1,599.69 | 1,606.00 | 1,613.06 | 1,619.37 |
| Camarilla | 1,595.25 | 1,596.48 | 1,597.70 | 1,598.93 | 1,600.16 | 1,601.38 | 1,602.61 |
| Woodie | 1,578.88 | 1,586.13 | 1,592.25 | 1,599.50 | 1,605.62 | 1,612.87 | 1,618.99 |
| Fibonacci | 1,586.32 | 1,591.43 | 1,594.59 | 1,599.69 | 1,604.80 | 1,607.96 | 1,613.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,504.92 | 1,523.16 | 1,556.17 | 1,574.41 | 1,607.42 | 1,625.66 | 1,658.67 |
| Camarilla | 1,575.09 | 1,579.78 | 1,584.48 | 1,589.18 | 1,593.88 | 1,598.58 | 1,603.27 |
| Woodie | 1,512.31 | 1,526.85 | 1,563.56 | 1,578.10 | 1,614.81 | 1,629.35 | 1,666.06 |
| Fibonacci | 1,523.16 | 1,542.74 | 1,554.83 | 1,574.41 | 1,593.99 | 1,606.08 | 1,625.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,397.75 | 1,437.43 | 1,513.30 | 1,552.98 | 1,628.85 | 1,668.53 | 1,744.40 |
| Camarilla | 1,557.40 | 1,568.00 | 1,578.59 | 1,589.18 | 1,599.77 | 1,610.36 | 1,620.96 |
| Woodie | 1,415.86 | 1,446.48 | 1,531.41 | 1,562.03 | 1,646.96 | 1,677.58 | 1,762.51 |
| Fibonacci | 1,437.43 | 1,481.57 | 1,508.84 | 1,552.98 | 1,597.12 | 1,624.39 | 1,668.53 |
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): | 57.81 | |
| MACD (12,26,9): | 6.7500 | |
| Directional Movement: | 10.11 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 1,570.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,537.17 | |
| Elder Ray (13): | 23.90 | |
| Super Trend (3,10): | 1,533.34 | |
| Zig ZAG (10): | 1,597.38 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 90.79 | |
| TEMA (21): | 1,595.18 | |
| Williams %R (14): | -9.97 | |
| Chande Momentum Oscillator (20): | 36.98 | |
| Repulse (5,40,3): | 0.6300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 7.42 |
| MA7: | 1,584.88 | |
| MA20: | 1,554.39 | |
| MA50: | 1,581.59 | |
| MA100: | 1,660.19 | |
| MAexp7: | 1,584.59 | |
| MAexp20: | 1,567.55 | |
| MAexp50: | 1,590.36 | |
| MAexp100: | 1,650.62 | |
| Price / MA7: | +0.86% | |
| Price / MA20: | +2.84% | |
| Price / MA50: | +1.07% | |
| Price / MA100: | -3.72% | |
| Price / MAexp7: | +0.88% | |
| Price / MAexp20: | +1.97% | |
| Price / MAexp50: | +0.51% | |
| Price / MAexp100: | -3.16% |
Quotes :
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15 min delayed data
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STOXX Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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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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