ESTOXX PRICE EUR INDEX - Daily - Technical analysis published on 05/11/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
56%
33%
My opinion
Bullish above 442.87 EUR
My targets
461.78 EUR (+1.25%)
487.72 EUR (+6.94%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 442.87 EUR remains possible. It is advisable to trade ESTOXX PRICE EUR INDEX with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 442.87 EUR. The next bullish objective for buyers is set at 461.78 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 487.72 EUR. PS: if there is a bearish break in the support located at 442.87 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.4
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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 456.07 EUR. On the day, this instrument lost -0.01% with the lowest point at 453.63 EUR and the highest point at 459.18 EUR. The deviation from the price is +0.54% for the low point and -0.68% for the high point.453.63
459.18
456.07
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
Here is a more detailed summary of the historical variations registered by ESTOXX PRICE EUR INDEX:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ESTOXX PRICE EUR INDEX chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 392.32 | 420.62 | 442.87 | 456.07 | 461.78 | 487.72 |
| Change (%) | -13.98% | -7.77% | -2.89% | - | +1.25% | +6.94% |
| Change | -63.75 | -35.45 | -13.20 | - | +5.71 | +31.65 |
| Level | Intermediate | Major | Intermediate | - | 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 | 451.05 | 452.97 | 454.55 | 456.47 | 458.05 | 459.97 | 461.55 |
| Camarilla | 455.17 | 455.49 | 455.81 | 456.13 | 456.45 | 456.77 | 457.09 |
| Woodie | 450.88 | 452.89 | 454.38 | 456.39 | 457.88 | 459.89 | 461.38 |
| Fibonacci | 452.97 | 454.31 | 455.13 | 456.47 | 457.81 | 458.63 | 459.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 441.01 | 446.04 | 452.48 | 457.51 | 463.95 | 468.98 | 475.42 |
| Camarilla | 455.77 | 456.82 | 457.87 | 458.92 | 459.97 | 461.02 | 462.07 |
| Woodie | 441.72 | 446.39 | 453.19 | 457.86 | 464.66 | 469.33 | 476.13 |
| Fibonacci | 446.04 | 450.42 | 453.13 | 457.51 | 461.89 | 464.60 | 468.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 440.93 | 447.06 | 454.14 | 460.27 | 467.35 | 473.48 | 480.56 |
| Camarilla | 457.59 | 458.80 | 460.01 | 461.22 | 462.43 | 463.64 | 464.85 |
| Woodie | 441.41 | 447.30 | 454.62 | 460.51 | 467.83 | 473.72 | 481.04 |
| Fibonacci | 447.06 | 452.11 | 455.22 | 460.27 | 465.32 | 468.43 | 473.48 |
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): | 47.79 | |
| MACD (12,26,9): | 0.4100 | |
| Directional Movement: | -9.56 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 459.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 459.59 | |
| Elder Ray (13): | -1.55 | |
| Super Trend (3,10): | 451.64 | |
| Zig ZAG (10): | 456.07 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 36.55 | |
| TEMA (21): | 457.59 | |
| Williams %R (14): | -66.47 | |
| Chande Momentum Oscillator (20): | -8.81 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 2.67 |
| MA7: | 456.85 | |
| MA20: | 460.34 | |
| MA50: | 454.41 | |
| MA100: | 447.71 | |
| MAexp7: | 457.24 | |
| MAexp20: | 457.89 | |
| MAexp50: | 454.65 | |
| MAexp100: | 446.19 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | -0.93% | |
| Price / MA50: | +0.37% | |
| Price / MA100: | +1.87% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +2.21% |
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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