ESTOXX PRICE EUR INDEX - 1H - Technical analysis published on 02/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 450.12 EUR
My targets
455.16 EUR (+0.42%)
458.44 EUR (+1.15%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ESTOXX PRICE EUR INDEX. As long as you are above the support located at 450.12 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 455.16 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 458.44 EUR as an objective. Crossing it would then enable buyers to target 487.72 EUR. If the support 450.12 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
0
10
3.6
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
The ESTOXX PRICE EUR INDEX rating is 453.25 EUR. The price registered a decrease of -0.03% on the session and was between 451.98 EUR and 454.41 EUR. This implies that the price is at +0.28% from its lowest and at -0.26% from its highest.451.98
454.41
453.25
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ESTOXX PRICE EUR INDEX chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 442.87 | 447.63 | 450.12 | 453.25 | 455.16 | 458.44 | 487.72 |
| Change (%) | -2.29% | -1.24% | -0.69% | - | +0.42% | +1.15% | +7.61% |
| Change | -10.38 | -5.62 | -3.13 | - | +1.91 | +5.19 | +34.47 |
| Level | Major | Minor | Minor | - | Minor | Major | Major |
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 | 444.81 | 448.07 | 450.73 | 453.99 | 456.65 | 459.91 | 462.57 |
| Camarilla | 451.77 | 452.32 | 452.86 | 453.40 | 453.94 | 454.49 | 455.03 |
| Woodie | 444.52 | 447.92 | 450.44 | 453.84 | 456.36 | 459.76 | 462.28 |
| Fibonacci | 448.07 | 450.33 | 451.73 | 453.99 | 456.25 | 457.65 | 459.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 434.21 | 439.05 | 448.75 | 453.59 | 463.29 | 468.13 | 477.83 |
| Camarilla | 454.44 | 455.77 | 457.11 | 458.44 | 459.77 | 461.11 | 462.44 |
| Woodie | 436.63 | 440.27 | 451.17 | 454.81 | 465.71 | 469.35 | 480.25 |
| Fibonacci | 439.05 | 444.61 | 448.04 | 453.59 | 459.15 | 462.58 | 468.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 383.42 | 397.23 | 422.47 | 436.28 | 461.52 | 475.33 | 500.57 |
| Camarilla | 436.97 | 440.55 | 444.13 | 447.71 | 451.29 | 454.87 | 458.45 |
| Woodie | 389.14 | 400.09 | 428.19 | 439.14 | 467.24 | 478.19 | 506.29 |
| Fibonacci | 397.23 | 412.15 | 421.36 | 436.28 | 451.20 | 460.41 | 475.33 |
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): | 47.97 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -7.40 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 453.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 454.15 | |
| Elder Ray (13): | -0.52 | |
| Super Trend (3,10): | 456.29 | |
| Zig ZAG (10): | 453.25 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 42.52 | |
| TEMA (21): | 452.56 | |
| Williams %R (14): | -42.03 | |
| Chande Momentum Oscillator (20): | 0.83 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.31 |
| MA7: | 452.34 | |
| MA20: | 447.57 | |
| MA50: | 431.57 | |
| MA100: | 411.27 | |
| MAexp7: | 452.99 | |
| MAexp20: | 453.28 | |
| MAexp50: | 452.29 | |
| MAexp100: | 449.63 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +1.27% | |
| Price / MA50: | +5.02% | |
| Price / MA100: | +10.21% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.81% |
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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