ESTOXX PRICE EUR INDEX

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	SXXE
ISIN:	EU0009658186

ESTOXX PRICE EUR INDEX - Daily - Technical analysis published on 12/06/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

61%

17%

22%

My opinion

Bullish above 392.04 EUR

My targets

404.86 EUR (+1.69%)

442.87 EUR (+11.23%)

My analysis

The basic bullish trend is very strong on ESTOXX PRICE EUR INDEX but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 392.04 EUR. Crossing the first resistance at 404.86 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 442.87 EUR as an objective. Caution, a return to below 392.04 EUR would be a sign of a consolidation phase in the short-term basic trend. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

6.8

Comment on the analysis

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ESTOXX PRICE EUR INDEX rating 398.15 EUR. The price registered an increase of +1.00% on the session with the lowest point at 394.72 EUR and the highest point at 398.44 EUR. The deviation from the price is +0.87% for the low point and -0.07% for the high point.

394.72

398.44

398.15

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

Here is a more detailed summary of the historical variations registered by ESTOXX PRICE EUR INDEX:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ESTOXX PRICE EUR INDEX in Daily shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	383.70	392.04	396.33	398.15	400.30	404.86	442.87
Change (%)	-3.63%	-1.53%	-0.46%	-	+0.54%	+1.69%	+11.23%
Change	-14.45	-6.11	-1.82	-	+2.15	+6.71	+44.72
Level	Major	Major	Intermediate	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	389.85	392.03	393.11	395.29	396.37	398.55	399.63
Camarilla	393.30	393.60	393.90	394.20	394.50	394.80	395.10
Woodie	389.31	391.76	392.57	395.02	395.83	398.28	399.09
Fibonacci	392.03	393.27	394.04	395.29	396.53	397.30	398.55

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	393.69	395.85	397.60	399.76	401.51	403.67	405.42
Camarilla	398.27	398.62	398.98	399.34	399.70	400.06	400.42
Woodie	393.48	395.75	397.39	399.66	401.30	403.57	405.21
Fibonacci	395.85	397.35	398.27	399.76	401.26	402.18	403.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	378.28	383.77	391.55	397.04	404.82	410.31	418.09
Camarilla	395.69	396.91	398.12	399.34	400.56	401.77	402.99
Woodie	379.44	384.34	392.71	397.61	405.98	410.88	419.25
Fibonacci	383.77	388.84	391.97	397.04	402.11	405.24	410.31

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):	55.33
MACD (12,26,9):	0.9600
Directional Movement:	-1.39
AROON (14):	-71.43
DEMA (21):	398.06
Parabolic SAR (0,02-0,02-0,2):	401.02
Elder Ray (13):	0.14
Super Trend (3,10):	402.67
Zig ZAG (10):	398.33
VORTEX (21):	0.8900
Stochastique (14,3,5):	51.73
TEMA (21):	396.05
Williams %R (14):	-29.39
Chande Momentum Oscillator (20):	0.89
Repulse (5,40,3):	0.5900
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	1.41

MA7:	395.55
MA20:	397.72
MA50:	390.50
MA100:	381.56
MAexp7:	395.95
MAexp20:	396.11
MAexp50:	391.50
MAexp100:	384.97
Price / MA7:	+0.66%
Price / MA20:	+0.11%
Price / MA50:	+1.96%
Price / MA100:	+4.35%
Price / MAexp7:	+0.56%
Price / MAexp20:	+0.52%
Price / MAexp50:	+1.70%
Price / MAexp100:	+3.42%

This member declared not having a position on this financial instrument or a related financial instrument.

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