ESTX UTIL EUR (PRICE) - 1H - Technical analysis published on 03/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 344.64 EUR
My targets
356.93 EUR (+1.63%)
361.57 EUR (+2.95%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ESTX UTIL EUR (PRICE) as long as the price remains well above 344.64 EUR. The buyers' bullish objective is set at 356.93 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 361.57 EUR. If there is any crossing, the next objective would be the resistance located at 364.79 EUR.
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
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ESTX UTIL EUR (PRICE) rating 351.21 EUR. The price has increased by +1.35% since the last closing and was traded between 346.96 EUR and 351.64 EUR over the period. The price is currently at +1.22% from its lowest and -0.12% from its highest.346.96
351.64
351.21
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
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
A technical analysis in 1H of this ESTX UTIL EUR (PRICE) chart shows a bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. 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 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 341.70 | 344.64 | 350.51 | 351.21 | 356.93 | 361.57 | 364.79 |
| Change (%) | -2.71% | -1.87% | -0.20% | - | +1.63% | +2.95% | +3.87% |
| Change | -9.51 | -6.57 | -0.70 | - | +5.72 | +10.36 | +13.58 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | 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 | 340.09 | 342.21 | 344.37 | 346.49 | 348.65 | 350.77 | 352.93 |
| Camarilla | 345.34 | 345.74 | 346.13 | 346.52 | 346.91 | 347.31 | 347.70 |
| Woodie | 340.10 | 342.22 | 344.38 | 346.50 | 348.66 | 350.78 | 352.94 |
| Fibonacci | 342.21 | 343.85 | 344.86 | 346.49 | 348.13 | 349.14 | 350.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 337.55 | 341.10 | 343.90 | 347.45 | 350.25 | 353.80 | 356.60 |
| Camarilla | 344.96 | 345.55 | 346.13 | 346.71 | 347.29 | 347.87 | 348.46 |
| Woodie | 337.19 | 340.91 | 343.54 | 347.26 | 349.89 | 353.61 | 356.24 |
| Fibonacci | 341.10 | 343.52 | 345.02 | 347.45 | 349.87 | 351.37 | 353.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 312.20 | 328.42 | 338.16 | 354.38 | 364.12 | 380.34 | 390.08 |
| Camarilla | 340.76 | 343.14 | 345.52 | 347.90 | 350.28 | 352.66 | 355.04 |
| Woodie | 308.96 | 326.80 | 334.92 | 352.76 | 360.88 | 378.72 | 386.84 |
| Fibonacci | 328.42 | 338.34 | 344.46 | 354.38 | 364.30 | 370.42 | 380.34 |
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): | 64.97 | |
| MACD (12,26,9): | 0.3800 | |
| Directional Movement: | 14.15 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 348.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 345.10 | |
| Elder Ray (13): | 2.64 | |
| Super Trend (3,10): | 346.80 | |
| Zig ZAG (10): | 351.45 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 98.09 | |
| TEMA (21): | 348.98 | |
| Williams %R (14): | -0.55 | |
| Chande Momentum Oscillator (20): | 4.68 | |
| Repulse (5,40,3): | 0.9700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.60 |
| MA7: | 347.83 | |
| MA20: | 350.46 | |
| MA50: | 368.68 | |
| MA100: | 368.85 | |
| MAexp7: | 349.08 | |
| MAexp20: | 347.94 | |
| MAexp50: | 348.13 | |
| MAexp100: | 349.48 | |
| Price / MA7: | +0.97% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | -4.74% | |
| Price / MA100: | -4.78% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +0.94% | |
| Price / MAexp50: | +0.88% | |
| Price / MAexp100: | +0.50% |
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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