ESTOXX PRICE EUR INDEX - 1H - Technical analysis published on 08/07/2023 (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:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 461.44 EUR
My targets
452.86 EUR (-1.06%)
448.34 EUR (-2.04%)
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 under the resistance located at 461.44 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 452.86 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 448.34 EUR as an objective. Crossing it would then enable sellers to target 445.10 EUR. If the resistance 461.44 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish 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
1.4
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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 457.69 EUR. The price registered a decrease of -0.01% on the session and was traded between 454.65 EUR and 458.35 EUR over the period. The price is currently at +0.67% from its lowest and -0.14% from its highest.454.65
458.35
457.69
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
A study of price movements over other periods shows the following variations:
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 1H of this ESTOXX PRICE EUR INDEX chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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 | 448.34 | 452.86 | 456.74 | 457.69 | 461.44 | 465.19 | 472.04 |
| Change (%) | -2.04% | -1.06% | -0.21% | - | +0.82% | +1.64% | +3.14% |
| Change | -9.35 | -4.83 | -0.95 | - | +3.75 | +7.50 | +14.35 |
| Level | Minor | Major | Intermediate | - | 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 | 450.54 | 452.11 | 454.93 | 456.50 | 459.32 | 460.89 | 463.71 |
| Camarilla | 456.53 | 456.94 | 457.34 | 457.74 | 458.14 | 458.55 | 458.95 |
| Woodie | 451.16 | 452.42 | 455.55 | 456.81 | 459.94 | 461.20 | 464.33 |
| Fibonacci | 452.11 | 453.79 | 454.83 | 456.50 | 458.18 | 459.22 | 460.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 430.54 | 441.70 | 449.72 | 460.88 | 468.90 | 480.06 | 488.08 |
| Camarilla | 452.47 | 454.22 | 455.98 | 457.74 | 459.50 | 461.26 | 463.02 |
| Woodie | 428.97 | 440.92 | 448.15 | 460.10 | 467.33 | 479.28 | 486.51 |
| Fibonacci | 441.70 | 449.03 | 453.55 | 460.88 | 468.21 | 472.73 | 480.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 421.60 | 432.05 | 451.13 | 461.58 | 480.66 | 491.11 | 510.19 |
| Camarilla | 462.08 | 464.79 | 467.49 | 470.20 | 472.91 | 475.61 | 478.32 |
| Woodie | 425.91 | 434.21 | 455.44 | 463.74 | 484.97 | 493.27 | 514.50 |
| Fibonacci | 432.05 | 443.33 | 450.30 | 461.58 | 472.86 | 479.83 | 491.11 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.15 | |
| MACD (12,26,9): | -0.6600 | |
| Directional Movement: | -9.99 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 455.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 454.94 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 459.55 | |
| Zig ZAG (10): | 456.89 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 74.89 | |
| TEMA (21): | 456.73 | |
| Williams %R (14): | -28.11 | |
| Chande Momentum Oscillator (20): | 2.69 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.44 |
| MA7: | 462.07 | |
| MA20: | 461.80 | |
| MA50: | 457.45 | |
| MA100: | 456.40 | |
| MAexp7: | 456.88 | |
| MAexp20: | 456.91 | |
| MAexp50: | 459.21 | |
| MAexp100: | 460.79 | |
| Price / MA7: | -0.95% | |
| Price / MA20: | -0.89% | |
| Price / MA50: | +0.05% | |
| Price / MA100: | +0.28% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | -0.67% |
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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