ESTOXX PRICE EUR INDEX - 1H - Technical analysis published on 10/13/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 367.28 EUR
My targets
362.38 EUR (-0.30%)
358.19 EUR (-1.45%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ESTOXX PRICE EUR INDEX as long as the price remains well below 367.28 EUR. The sellers' bearish objective is set at 362.38 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 358.19 EUR. In case of crossing, the next objective would be the support located at 321.04 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ESTOXX PRICE EUR INDEX price is 363.47 EUR. The price registered a decrease of -0.01% on the session with the lowest point at 356.28 EUR and the highest point at 367.39 EUR. The deviation from the price is +2.02% for the low point and -1.07% for the high point.356.28
367.39
363.47
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:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ESTOXX PRICE EUR INDEX chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 321.04 | 358.19 | 362.38 | 363.47 | 367.28 | 382.19 | 392.32 |
| Change (%) | -11.67% | -1.45% | -0.30% | - | +1.05% | +5.15% | +7.94% |
| Change | -42.43 | -5.28 | -1.09 | - | +3.81 | +18.72 | +28.85 |
| Level | Intermediate | Minor | Intermediate | - | Major | 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 | 356.29 | 359.27 | 361.39 | 364.37 | 366.49 | 369.47 | 371.59 |
| Camarilla | 362.11 | 362.58 | 363.04 | 363.51 | 363.98 | 364.45 | 364.91 |
| Woodie | 355.86 | 359.06 | 360.96 | 364.16 | 366.06 | 369.26 | 371.16 |
| Fibonacci | 359.27 | 361.22 | 362.42 | 364.37 | 366.32 | 367.52 | 369.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 334.04 | 346.23 | 357.80 | 369.99 | 381.56 | 393.75 | 405.32 |
| Camarilla | 362.83 | 365.00 | 367.18 | 369.36 | 371.54 | 373.72 | 375.89 |
| Woodie | 333.72 | 346.08 | 357.48 | 369.84 | 381.24 | 393.60 | 405.00 |
| Fibonacci | 346.23 | 355.31 | 360.92 | 369.99 | 379.07 | 384.68 | 393.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 294.68 | 325.63 | 345.13 | 376.08 | 395.58 | 426.53 | 446.03 |
| Camarilla | 350.75 | 355.37 | 360.00 | 364.62 | 369.25 | 373.87 | 378.49 |
| Woodie | 288.95 | 322.77 | 339.40 | 373.22 | 389.85 | 423.67 | 440.30 |
| Fibonacci | 325.63 | 344.91 | 356.81 | 376.08 | 395.36 | 407.26 | 426.53 |
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): | 44.34 | |
| MACD (12,26,9): | -1.6200 | |
| Directional Movement: | -14.40 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 361.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 366.95 | |
| Elder Ray (13): | -1.63 | |
| Super Trend (3,10): | 367.11 | |
| Zig ZAG (10): | 362.15 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 31.68 | |
| TEMA (21): | 361.59 | |
| Williams %R (14): | -43.56 | |
| Chande Momentum Oscillator (20): | -2.36 | |
| Repulse (5,40,3): | 0.3700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.37 |
| MA7: | 368.81 | |
| MA20: | 371.90 | |
| MA50: | 389.95 | |
| MA100: | 394.06 | |
| MAexp7: | 362.16 | |
| MAexp20: | 363.86 | |
| MAexp50: | 366.70 | |
| MAexp100: | 369.33 | |
| Price / MA7: | -1.45% | |
| Price / MA20: | -2.27% | |
| Price / MA50: | -6.79% | |
| Price / MA100: | -7.76% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.88% | |
| Price / MAexp100: | -1.59% |
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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