ESTX UTIL EUR (PRICE) - Daily - Technical analysis published on 09/27/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 330.49 EUR
My targets
313.95 EUR (-3.13%)
303.38 EUR (-6.39%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ESTX UTIL EUR (PRICE) as long as the price remains well below 330.49 EUR. The sellers' bearish objective is set at 313.95 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 303.38 EUR. In case of crossing, the next objective would be the support located at 291.12 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.5
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 324.10 EUR. The price is lower by -0.09% since the last closing with the lowest point at 323.69 EUR and the highest point at 326.35 EUR. The deviation from the price is +0.13% for the low point and -0.69% for the high point.323.69
326.35
324.10
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 ESTX UTIL EUR (PRICE):
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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 ESTX UTIL EUR (PRICE) in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 2 are neutral and 12 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 273.16 | 291.12 | 303.38 | 324.10 | 330.49 | 346.06 | 374.63 |
| Change (%) | -15.72% | -10.18% | -6.39% | - | +1.97% | +6.78% | +15.59% |
| Change | -50.94 | -32.98 | -20.72 | - | +6.39 | +21.96 | +50.53 |
| Level | Major | Minor | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 314.97 | 319.49 | 321.93 | 326.45 | 328.89 | 333.41 | 335.85 |
| Camarilla | 322.47 | 323.10 | 323.74 | 324.38 | 325.02 | 325.66 | 326.29 |
| Woodie | 313.94 | 318.97 | 320.90 | 325.93 | 327.86 | 332.89 | 334.82 |
| Fibonacci | 319.49 | 322.15 | 323.79 | 326.45 | 329.11 | 330.75 | 333.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 306.01 | 317.00 | 324.07 | 335.06 | 342.13 | 353.12 | 360.19 |
| Camarilla | 326.18 | 327.84 | 329.50 | 331.15 | 332.81 | 334.46 | 336.12 |
| Woodie | 304.06 | 316.02 | 322.12 | 334.08 | 340.18 | 352.14 | 358.24 |
| Fibonacci | 317.00 | 323.90 | 328.16 | 335.06 | 341.96 | 346.22 | 353.12 |
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 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): | 33.30 | |
| MACD (12,26,9): | -4.7000 | |
| Directional Movement: | -13.70 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 334.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 349.12 | |
| Elder Ray (13): | -11.38 | |
| Super Trend (3,10): | 344.82 | |
| Zig ZAG (10): | 325.31 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 5.42 | |
| TEMA (21): | 330.30 | |
| Williams %R (14): | -96.59 | |
| Chande Momentum Oscillator (20): | -21.51 | |
| Repulse (5,40,3): | -2.9600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 4.39 |
| MA7: | 334.16 | |
| MA20: | 339.41 | |
| MA50: | 345.85 | |
| MA100: | 349.23 | |
| MAexp7: | 332.53 | |
| MAexp20: | 339.46 | |
| MAexp50: | 344.11 | |
| MAexp100: | 348.89 | |
| Price / MA7: | -3.01% | |
| Price / MA20: | -4.51% | |
| Price / MA50: | -6.29% | |
| Price / MA100: | -7.20% | |
| Price / MAexp7: | -2.54% | |
| Price / MAexp20: | -4.52% | |
| Price / MAexp50: | -5.82% | |
| Price / MAexp100: | -7.11% |
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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