ESTX SELECT DIV 30 EUR (PRICE) - Daily - Technical analysis published on 01/05/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 1,647.58 EUR
My targets
1,698.44 EUR (+1.23%)
1,739.54 EUR (+3.68%)
My analysis
The bullish trend is currently very strong on ESTX SELECT DIV 30 EUR (PRICE). As long as the price remains above the support at 1,647.58 EUR, you could try to benefit from the boom. The first bullish objective is located at 1,698.44 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,739.54 EUR as an objective. Crossing it would then enable buyers to target 1,797.34 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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
ESTX SELECT DIV 30 EUR (PRICE) rating 1,677.83 EUR. The price is lower by -0.02% since the last closing and was between 1,674.06 EUR and 1,679.45 EUR. This implies that the price is at +0.23% from its lowest and at -0.10% from its highest.1,674.06
1,679.45
1,677.83
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ESTX SELECT DIV 30 EUR (PRICE):
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ESTX SELECT DIV 30 EUR (PRICE) chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : Daily
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,520.85 | 1,597.26 | 1,647.58 | 1,677.83 | 1,698.44 | 1,739.54 | 1,797.34 |
| Change (%) | -9.36% | -4.80% | -1.80% | - | +1.23% | +3.68% | +7.12% |
| Change | -156.98 | -80.57 | -30.25 | - | +20.61 | +61.71 | +119.51 |
| Level | Minor | Major | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,634.57 | 1,643.67 | 1,660.92 | 1,670.02 | 1,687.27 | 1,696.37 | 1,713.62 |
| Camarilla | 1,670.93 | 1,673.35 | 1,675.77 | 1,678.18 | 1,680.60 | 1,683.01 | 1,685.43 |
| Woodie | 1,638.66 | 1,645.71 | 1,665.01 | 1,672.06 | 1,691.36 | 1,698.41 | 1,717.71 |
| Fibonacci | 1,643.67 | 1,653.73 | 1,659.95 | 1,670.02 | 1,680.08 | 1,686.30 | 1,696.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,558.95 | 1,579.24 | 1,589.77 | 1,610.06 | 1,620.59 | 1,640.88 | 1,651.41 |
| Camarilla | 1,591.83 | 1,594.65 | 1,597.48 | 1,600.30 | 1,603.13 | 1,605.95 | 1,608.78 |
| Woodie | 1,554.07 | 1,576.80 | 1,584.89 | 1,607.62 | 1,615.71 | 1,638.44 | 1,646.53 |
| Fibonacci | 1,579.24 | 1,591.01 | 1,598.29 | 1,610.06 | 1,621.83 | 1,629.11 | 1,640.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,486.92 | 1,530.27 | 1,565.28 | 1,608.63 | 1,643.64 | 1,686.99 | 1,722.00 |
| Camarilla | 1,578.75 | 1,585.93 | 1,593.12 | 1,600.30 | 1,607.48 | 1,614.67 | 1,621.85 |
| Woodie | 1,482.76 | 1,528.19 | 1,561.12 | 1,606.55 | 1,639.48 | 1,684.91 | 1,717.84 |
| Fibonacci | 1,530.27 | 1,560.20 | 1,578.69 | 1,608.63 | 1,638.56 | 1,657.05 | 1,686.99 |
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): | 64.21 | |
| MACD (12,26,9): | 10.0400 | |
| Directional Movement: | 17.83 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 1,641.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,592.44 | |
| Elder Ray (13): | 41.23 | |
| Super Trend (3,10): | 1,614.64 | |
| Zig ZAG (10): | 1,675.13 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 95.17 | |
| TEMA (21): | 1,643.55 | |
| Williams %R (14): | -3.06 | |
| Chande Momentum Oscillator (20): | 78.01 | |
| Repulse (5,40,3): | 2.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 3.11 |
| MA7: | 1,637.71 | |
| MA20: | 1,622.94 | |
| MA50: | 1,622.22 | |
| MA100: | 1,574.74 | |
| MAexp7: | 1,647.59 | |
| MAexp20: | 1,630.15 | |
| MAexp50: | 1,612.96 | |
| MAexp100: | 1,604.28 | |
| Price / MA7: | +2.45% | |
| Price / MA20: | +3.38% | |
| Price / MA50: | +3.43% | |
| Price / MA100: | +6.55% | |
| Price / MAexp7: | +1.84% | |
| Price / MAexp20: | +2.92% | |
| Price / MAexp50: | +4.02% | |
| Price / MAexp100: | +4.58% |
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.
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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