ESTX UTIL EUR (PRICE) - 1H - Technical analysis published on 09/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 361.14 EUR
My targets
371.62 EUR (+1.93%)
373.37 EUR (+2.41%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on ESTX UTIL EUR (PRICE) as long as the price remains well above 361.14 EUR. The buyers' bullish objective is set at 371.62 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 373.37 EUR. If there is any crossing, the next objective would be the resistance located at 381.43 EUR.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.2
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Additional analysis
Quotes
The ESTX UTIL EUR (PRICE) price is 364.59 EUR. On the day, this instrument gained +1.30% and was traded between 357.88 EUR and 364.91 EUR over the period. The price is currently at +1.87% from its lowest and -0.09% from its highest.357.88
364.91
364.59
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ESTX UTIL EUR (PRICE) in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 355.23 | 357.14 | 361.14 | 364.59 | 364.79 | 371.62 | 373.37 |
| Change (%) | -2.57% | -2.04% | -0.95% | - | +0.05% | +1.93% | +2.41% |
| Change | -9.36 | -7.45 | -3.45 | - | +0.20 | +7.03 | +8.78 |
| Level | Major | Intermediate | Minor | - | Major | 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 | 353.85 | 355.49 | 357.70 | 359.34 | 361.55 | 363.19 | 365.40 |
| Camarilla | 358.86 | 359.21 | 359.57 | 359.92 | 360.27 | 360.63 | 360.98 |
| Woodie | 354.15 | 355.63 | 358.00 | 359.48 | 361.85 | 363.33 | 365.70 |
| Fibonacci | 355.49 | 356.96 | 357.87 | 359.34 | 360.81 | 361.72 | 363.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 354.11 | 359.53 | 362.48 | 367.90 | 370.85 | 376.27 | 379.22 |
| Camarilla | 363.12 | 363.89 | 364.65 | 365.42 | 366.19 | 366.96 | 367.72 |
| Woodie | 352.87 | 358.91 | 361.24 | 367.28 | 369.61 | 375.65 | 377.98 |
| Fibonacci | 359.53 | 362.73 | 364.71 | 367.90 | 371.10 | 373.08 | 376.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 332.68 | 343.39 | 355.72 | 366.43 | 378.76 | 389.47 | 401.80 |
| Camarilla | 361.71 | 363.83 | 365.94 | 368.05 | 370.16 | 372.27 | 374.39 |
| Woodie | 333.49 | 343.80 | 356.53 | 366.84 | 379.57 | 389.88 | 402.61 |
| Fibonacci | 343.39 | 352.19 | 357.63 | 366.43 | 375.23 | 380.67 | 389.47 |
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): | 60.77 | |
| MACD (12,26,9): | 0.3800 | |
| Directional Movement: | 3.27 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 362.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 360.54 | |
| Elder Ray (13): | 1.67 | |
| Super Trend (3,10): | 360.38 | |
| Zig ZAG (10): | 364.59 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 94.03 | |
| TEMA (21): | 363.92 | |
| Williams %R (14): | -4.55 | |
| Chande Momentum Oscillator (20): | 4.86 | |
| Repulse (5,40,3): | 0.5400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.48 |
| MA7: | 363.96 | |
| MA20: | 362.69 | |
| MA50: | 368.47 | |
| MA100: | 373.90 | |
| MAexp7: | 363.63 | |
| MAexp20: | 362.45 | |
| MAexp50: | 363.34 | |
| MAexp100: | 364.02 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | -1.05% | |
| Price / MA100: | -2.49% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.16% |
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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