ESTX UTIL EUR (PRICE) - 1H - Technical analysis published on 10/06/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 324.81 EUR
My targets
315.88 EUR (-1.30%)
310.10 EUR (-3.11%)
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 UTIL EUR (PRICE). As long as you are under the resistance located at 324.81 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 315.88 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 310.10 EUR as an objective. Crossing it would then enable sellers to target 303.38 EUR. If the resistance 324.81 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
3.2
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Additional analysis
Quotes
The ESTX UTIL EUR (PRICE) price is 320.04 EUR. On the day, this instrument lost -0.02% and was between 319.74 EUR and 321.32 EUR. This implies that the price is at +0.09% from its lowest and at -0.40% from its highest.319.74
321.32
320.04
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 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
A technical analysis in 1H of this ESTX UTIL EUR (PRICE) chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 303.38 | 310.10 | 315.88 | 320.04 | 324.81 | 330.49 | 338.84 |
| Change (%) | -5.21% | -3.11% | -1.30% | - | +1.49% | +3.27% | +5.87% |
| Change | -16.66 | -9.94 | -4.16 | - | +4.77 | +10.45 | +18.80 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 310.93 | 314.58 | 317.34 | 320.99 | 323.75 | 327.40 | 330.16 |
| Camarilla | 318.35 | 318.94 | 319.52 | 320.11 | 320.70 | 321.29 | 321.87 |
| Woodie | 310.50 | 314.36 | 316.91 | 320.77 | 323.32 | 327.18 | 329.73 |
| Fibonacci | 314.58 | 317.03 | 318.54 | 320.99 | 323.44 | 324.95 | 327.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 283.77 | 296.99 | 304.51 | 317.73 | 325.25 | 338.47 | 345.99 |
| Camarilla | 306.32 | 308.22 | 310.12 | 312.02 | 313.92 | 315.82 | 317.72 |
| Woodie | 280.91 | 295.57 | 301.65 | 316.31 | 322.39 | 337.05 | 343.13 |
| Fibonacci | 296.99 | 304.92 | 309.81 | 317.73 | 325.66 | 330.55 | 338.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 248.07 | 279.15 | 295.58 | 326.66 | 343.09 | 374.17 | 390.60 |
| Camarilla | 298.96 | 303.31 | 307.67 | 312.02 | 316.38 | 320.73 | 325.09 |
| Woodie | 240.76 | 275.49 | 288.27 | 323.00 | 335.78 | 370.51 | 383.29 |
| Fibonacci | 279.15 | 297.30 | 308.51 | 326.66 | 344.81 | 356.02 | 374.17 |
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): | 49.92 | |
| MACD (12,26,9): | 0.3900 | |
| Directional Movement: | 0.07 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 321.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 321.32 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 318.05 | |
| Zig ZAG (10): | 320.19 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 28.03 | |
| TEMA (21): | 321.02 | |
| Williams %R (14): | -73.17 | |
| Chande Momentum Oscillator (20): | -3.01 | |
| Repulse (5,40,3): | -0.3600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.83 |
| MA7: | 317.99 | |
| MA20: | 331.82 | |
| MA50: | 343.12 | |
| MA100: | 345.80 | |
| MAexp7: | 320.23 | |
| MAexp20: | 320.48 | |
| MAexp50: | 320.29 | |
| MAexp100: | 323.65 | |
| Price / MA7: | +0.64% | |
| Price / MA20: | -3.55% | |
| Price / MA50: | -6.73% | |
| Price / MA100: | -7.45% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -1.12% |
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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