ESTX UTIL EUR (PRICE) - 1H - Technical analysis published on 02/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
61%
0%
39%
My opinion
Neutral between 353.01 EUR and 356.73 EUR
My targets
-
My analysis
The short-term increase on ESTX UTIL EUR (PRICE) remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 356.73 EUR. The first support is located at 353.01 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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) price is 355.68 EUR. The price registered a decrease of -0.01% on the session with the lowest point at 352.05 EUR and the highest point at 355.68 EUR. The deviation from the price is +1.03% for the low point and 0% for the high point.352.05
355.68
355.68
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
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 (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ESTX UTIL EUR (PRICE) in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 330.49 | 350.24 | 353.01 | 355.68 | 356.73 | 360.31 | 362.90 |
| Change (%) | -7.08% | -1.53% | -0.75% | - | +0.30% | +1.30% | +2.03% |
| Change | -25.19 | -5.44 | -2.67 | - | +1.05 | +4.63 | +7.22 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 350.05 | 351.80 | 353.76 | 355.51 | 357.47 | 359.22 | 361.18 |
| Camarilla | 354.71 | 355.05 | 355.39 | 355.73 | 356.07 | 356.41 | 356.75 |
| Woodie | 350.17 | 351.85 | 353.88 | 355.56 | 357.59 | 359.27 | 361.30 |
| Fibonacci | 351.80 | 353.21 | 354.09 | 355.51 | 356.92 | 357.80 | 359.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 347.64 | 350.30 | 353.02 | 355.68 | 358.40 | 361.06 | 363.78 |
| Camarilla | 354.25 | 354.74 | 355.24 | 355.73 | 356.22 | 356.72 | 357.21 |
| Woodie | 347.66 | 350.32 | 353.04 | 355.70 | 358.42 | 361.08 | 363.80 |
| Fibonacci | 350.30 | 352.36 | 353.63 | 355.68 | 357.74 | 359.01 | 361.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 331.95 | 341.08 | 347.98 | 357.11 | 364.01 | 373.14 | 380.04 |
| Camarilla | 350.46 | 351.93 | 353.40 | 354.87 | 356.34 | 357.81 | 359.28 |
| Woodie | 330.83 | 340.52 | 346.86 | 356.55 | 362.89 | 372.58 | 378.92 |
| Fibonacci | 341.08 | 347.21 | 350.99 | 357.11 | 363.24 | 367.02 | 373.14 |
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): | 53.61 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | 0.31 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 354.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 352.12 | |
| Elder Ray (13): | 0.76 | |
| Super Trend (3,10): | 356.96 | |
| Zig ZAG (10): | 355.55 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 88.32 | |
| TEMA (21): | 354.65 | |
| Williams %R (14): | -3.26 | |
| Chande Momentum Oscillator (20): | 0.98 | |
| Repulse (5,40,3): | 0.5000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.38 |
| MA7: | 356.03 | |
| MA20: | 358.86 | |
| MA50: | 356.66 | |
| MA100: | 342.98 | |
| MAexp7: | 354.76 | |
| MAexp20: | 354.67 | |
| MAexp50: | 355.33 | |
| MAexp100: | 356.32 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -0.89% | |
| Price / MA50: | -0.27% | |
| Price / MA100: | +3.70% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | -0.18% |
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.
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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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