ESTX UTIL EUR (PRICE) - 1H - Technical analysis published on 09/07/2022 (GMT)
- 141
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 343.26 EUR
My targets
346.06 EUR (+0.37%)
355.50 EUR (+3.11%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on ESTX UTIL EUR (PRICE). This is a positive signal for buyers. As long as the price remains above 343.26 EUR, a purchase could be considered. The first bullish objective is located at 346.06 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 355.50 EUR as an objective. Crossing it would then enable buyers to target 360.99 EUR. In the event of a return below 343.26 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
5.9
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 ESTX UTIL EUR (PRICE) rating is 344.79 EUR. The price registered an increase of +2.99% on the session and was between 332.25 EUR and 349.81 EUR. This implies that the price is at +3.77% from its lowest and at -1.44% from its highest.332.25
349.81
344.79
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ESTX UTIL EUR (PRICE) indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 330.49 | 334.68 | 343.26 | 344.79 | 346.06 | 355.50 | 360.99 |
| Change (%) | -4.15% | -2.93% | -0.44% | - | +0.37% | +3.11% | +4.70% |
| Change | -14.30 | -10.11 | -1.53 | - | +1.27 | +10.71 | +16.20 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 324.60 | 329.00 | 331.89 | 336.29 | 339.18 | 343.58 | 346.47 |
| Camarilla | 332.78 | 333.44 | 334.11 | 334.78 | 335.45 | 336.12 | 336.79 |
| Woodie | 323.85 | 328.62 | 331.14 | 335.91 | 338.43 | 343.20 | 345.72 |
| Fibonacci | 329.00 | 331.79 | 333.51 | 336.29 | 339.08 | 340.80 | 343.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 308.55 | 319.60 | 329.25 | 340.30 | 349.95 | 361.00 | 370.65 |
| Camarilla | 333.21 | 335.11 | 337.00 | 338.90 | 340.80 | 342.70 | 344.59 |
| Woodie | 307.85 | 319.25 | 328.55 | 339.95 | 349.25 | 360.65 | 369.95 |
| Fibonacci | 319.60 | 327.51 | 332.39 | 340.30 | 348.21 | 353.09 | 361.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 293.28 | 313.95 | 324.33 | 345.00 | 355.38 | 376.05 | 386.43 |
| Camarilla | 326.18 | 329.03 | 331.87 | 334.72 | 337.57 | 340.41 | 343.26 |
| Woodie | 288.15 | 311.38 | 319.20 | 342.43 | 350.25 | 373.48 | 381.30 |
| Fibonacci | 313.95 | 325.81 | 333.14 | 345.00 | 356.86 | 364.19 | 376.05 |
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): | 62.82 | |
| MACD (12,26,9): | 2.2300 | |
| Directional Movement: | 19.86 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 342.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 335.49 | |
| Elder Ray (13): | 3.47 | |
| Super Trend (3,10): | 336.76 | |
| Zig ZAG (10): | 344.99 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 70.31 | |
| TEMA (21): | 345.19 | |
| Williams %R (14): | -29.61 | |
| Chande Momentum Oscillator (20): | 8.87 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.95 |
| MA7: | 338.17 | |
| MA20: | 351.02 | |
| MA50: | 344.04 | |
| MA100: | 353.01 | |
| MAexp7: | 343.55 | |
| MAexp20: | 340.42 | |
| MAexp50: | 339.86 | |
| MAexp100: | 343.18 | |
| Price / MA7: | +1.96% | |
| Price / MA20: | -1.77% | |
| Price / MA50: | +0.22% | |
| Price / MA100: | -2.33% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +1.29% | |
| Price / MAexp50: | +1.45% | |
| Price / MAexp100: | +0.47% |
Quotes :
-
15 min delayed data
-
STOXX Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ESTX UTIL EUR (PRICE) - 1H