ESTX FD&BVR EUR (PRICE) - 1H - Technical analysis published on 03/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 485.64 EUR
My targets
478.57 EUR (-1.11%)
470.08 EUR (-2.87%)
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 ESTX FD&BVR EUR (PRICE). As long as you are under the resistance located at 485.64 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 478.57 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 470.08 EUR as an objective. Crossing it would then enable sellers to target 464.56 EUR. If the resistance 485.64 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 neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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.
Additional analysis
Quotes
The ESTX FD&BVR EUR (PRICE) price is 483.95 EUR. On the day, this instrument lost -0.01% with the lowest point at 481.67 EUR and the highest point at 483.96 EUR. The deviation from the price is +0.47% for the low point and +0.00% for the high point.481.67
483.96
483.95
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ESTX FD&BVR EUR (PRICE):
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ESTX FD&BVR EUR (PRICE) indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 464.56 | 470.08 | 482.79 | 483.95 | 485.64 | 494.53 | 499.99 |
| Change (%) | -4.01% | -2.87% | -0.24% | - | +0.35% | +2.19% | +3.31% |
| Change | -19.39 | -13.87 | -1.16 | - | +1.69 | +10.58 | +16.04 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 477.99 | 479.85 | 481.94 | 483.80 | 485.89 | 487.75 | 489.84 |
| Camarilla | 482.93 | 483.30 | 483.66 | 484.02 | 484.38 | 484.74 | 485.11 |
| Woodie | 478.10 | 479.91 | 482.05 | 483.86 | 486.00 | 487.81 | 489.95 |
| Fibonacci | 479.85 | 481.36 | 482.29 | 483.80 | 485.31 | 486.24 | 487.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 463.70 | 472.63 | 478.57 | 487.50 | 493.44 | 502.37 | 508.31 |
| Camarilla | 480.42 | 481.78 | 483.15 | 484.51 | 485.87 | 487.24 | 488.60 |
| Woodie | 462.21 | 471.88 | 477.08 | 486.75 | 491.95 | 501.62 | 506.82 |
| Fibonacci | 472.63 | 478.31 | 481.82 | 487.50 | 493.18 | 496.69 | 502.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 445.32 | 464.12 | 473.52 | 492.32 | 501.72 | 520.52 | 529.92 |
| Camarilla | 475.17 | 477.75 | 480.34 | 482.92 | 485.51 | 488.09 | 490.68 |
| Woodie | 440.62 | 461.77 | 468.82 | 489.97 | 497.02 | 518.17 | 525.22 |
| Fibonacci | 464.12 | 474.89 | 481.55 | 492.32 | 503.09 | 509.75 | 520.52 |
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): | 43.13 | |
| MACD (12,26,9): | -0.9800 | |
| Directional Movement: | -10.85 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 481.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 484.18 | |
| Elder Ray (13): | -0.21 | |
| Super Trend (3,10): | 486.50 | |
| Zig ZAG (10): | 482.73 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 35.28 | |
| TEMA (21): | 482.65 | |
| Williams %R (14): | -57.09 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.36 |
| MA7: | 487.35 | |
| MA20: | 495.24 | |
| MA50: | 492.87 | |
| MA100: | 485.38 | |
| MAexp7: | 482.99 | |
| MAexp20: | 483.49 | |
| MAexp50: | 486.39 | |
| MAexp100: | 489.97 | |
| Price / MA7: | -0.70% | |
| Price / MA20: | -2.28% | |
| Price / MA50: | -1.81% | |
| Price / MA100: | -0.29% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | -0.50% | |
| Price / MAexp100: | -1.23% |
Quotes :
-
15 min delayed data
-
STOXX Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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