ESTX SELECT DIV 30 EUR (PRICE) - Daily - Technical analysis published on 11/09/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1,597.26 EUR
My targets
1,679.24 EUR (+3.72%)
1,739.87 EUR (+7.46%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ESTX SELECT DIV 30 EUR (PRICE) as long as the price remains well above 1,597.26 EUR. The buyers' bullish objective is set at 1,679.24 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,739.87 EUR. If there is any crossing, the next objective would be the resistance located at 1,798.17 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.5
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.
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Additional analysis
Quotes
The ESTX SELECT DIV 30 EUR (PRICE) price is 1,619.07 EUR. On the day, this instrument lost -0.06% and was traded between 1,605.91 EUR and 1,621.71 EUR over the period. The price is currently at +0.82% from its lowest and -0.16% from its highest.1,605.91
1,621.71
1,619.07
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,476.88 | 1,520.34 | 1,597.26 | 1,619.07 | 1,739.87 | 1,798.17 | 1,854.52 |
| Change (%) | -8.78% | -6.10% | -1.35% | - | +7.46% | +11.06% | +14.54% |
| Change | -142.19 | -98.73 | -21.81 | - | +120.80 | +179.10 | +235.45 |
| Level | Major | Major | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,590.37 | 1,597.92 | 1,608.95 | 1,616.50 | 1,627.53 | 1,635.08 | 1,646.11 |
| Camarilla | 1,614.88 | 1,616.58 | 1,618.29 | 1,619.99 | 1,621.69 | 1,623.40 | 1,625.10 |
| Woodie | 1,592.12 | 1,598.79 | 1,610.70 | 1,617.37 | 1,629.28 | 1,635.95 | 1,647.86 |
| Fibonacci | 1,597.92 | 1,605.01 | 1,609.40 | 1,616.50 | 1,623.59 | 1,627.98 | 1,635.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,524.90 | 1,541.95 | 1,568.33 | 1,585.38 | 1,611.76 | 1,628.81 | 1,655.19 |
| Camarilla | 1,582.76 | 1,586.74 | 1,590.72 | 1,594.70 | 1,598.68 | 1,602.66 | 1,606.64 |
| Woodie | 1,529.56 | 1,544.28 | 1,572.99 | 1,587.71 | 1,616.42 | 1,631.14 | 1,659.85 |
| Fibonacci | 1,541.95 | 1,558.54 | 1,568.79 | 1,585.38 | 1,601.97 | 1,612.22 | 1,628.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,328.88 | 1,379.76 | 1,478.62 | 1,529.50 | 1,628.36 | 1,679.24 | 1,778.10 |
| Camarilla | 1,536.31 | 1,550.04 | 1,563.76 | 1,577.49 | 1,591.22 | 1,604.94 | 1,618.67 |
| Woodie | 1,352.88 | 1,391.76 | 1,502.62 | 1,541.50 | 1,652.36 | 1,691.24 | 1,802.10 |
| Fibonacci | 1,379.76 | 1,436.96 | 1,472.30 | 1,529.50 | 1,586.70 | 1,622.04 | 1,679.24 |
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): | 70.36 | |
| MACD (12,26,9): | 26.0900 | |
| Directional Movement: | 22.75 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 1,593.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,568.88 | |
| Elder Ray (13): | 34.68 | |
| Super Trend (3,10): | 1,547.58 | |
| Zig ZAG (10): | 1,616.91 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 95.52 | |
| TEMA (21): | 1,617.97 | |
| Williams %R (14): | -5.78 | |
| Chande Momentum Oscillator (20): | 75.23 | |
| Repulse (5,40,3): | 1.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 11.55 |
| MA7: | 1,595.60 | |
| MA20: | 1,552.30 | |
| MA50: | 1,531.93 | |
| MA100: | 1,547.11 | |
| MAexp7: | 1,598.10 | |
| MAexp20: | 1,563.73 | |
| MAexp50: | 1,547.86 | |
| MAexp100: | 1,572.26 | |
| Price / MA7: | +1.47% | |
| Price / MA20: | +4.30% | |
| Price / MA50: | +5.69% | |
| Price / MA100: | +4.65% | |
| Price / MAexp7: | +1.31% | |
| Price / MAexp20: | +3.54% | |
| Price / MAexp50: | +4.60% | |
| Price / MAexp100: | +2.98% |
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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