ESTX UTIL EUR (PRICE)

SX6E

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	SX6E
ISIN:	EU0009658582

ESTX UTIL EUR (PRICE) - 1H - Technical analysis published on 05/10/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 381.74 EUR

My targets

395.97 EUR (+2.14%)

405.89 EUR (+4.70%)

My analysis

The bullish trend is currently very strong on ESTX UTIL EUR (PRICE). As long as the price remains above the support at 381.74 EUR, you could try to benefit from the boom. The first bullish objective is located at 395.97 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 405.89 EUR as an objective. Crossing it would then enable buyers to target 518.12 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.8

Comment on the analysis

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

ESTX UTIL EUR (PRICE) rating 387.67 EUR. The price registered an increase of +1.89% on the session with the lowest point at 381.51 EUR and the highest point at 388.60 EUR. The deviation from the price is +1.61% for the low point and -0.24% for the high point.

381.51

388.60

387.67

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of ESTX UTIL EUR (PRICE) indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	374.50	381.74	387.32	387.67	395.97	405.89	518.12
Change (%)	-3.40%	-1.53%	-0.09%	-	+2.14%	+4.70%	+33.65%
Change	-13.17	-5.93	-0.35	-	+8.30	+18.22	+130.45
Level	Major	Minor	Minor	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	372.88	374.46	377.47	379.05	382.06	383.64	386.65
Camarilla	379.22	379.64	380.06	380.48	380.90	381.32	381.74
Woodie	373.60	374.82	378.19	379.41	382.78	384.00	387.37
Fibonacci	374.46	376.21	377.30	379.05	380.80	381.89	383.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	355.77	360.65	365.21	370.09	374.65	379.53	384.09
Camarilla	367.17	368.04	368.91	369.77	370.64	371.50	372.37
Woodie	355.61	360.57	365.05	370.01	374.49	379.45	383.93
Fibonacci	360.65	364.26	366.48	370.09	373.70	375.92	379.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	332.13	341.11	354.71	363.69	377.29	386.27	399.87
Camarilla	362.11	364.18	366.25	368.32	370.39	372.46	374.53
Woodie	334.45	342.27	357.03	364.85	379.61	387.43	402.19
Fibonacci	341.11	349.73	355.06	363.69	372.31	377.64	386.27

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):	83.32
MACD (12,26,9):	3.5800
Directional Movement:	45.95
AROON (14):	78.57
DEMA (21):	385.74
Parabolic SAR (0,02-0,02-0,2):	384.06
Elder Ray (13):	4.12
Super Trend (3,10):	383.71
Zig ZAG (10):	387.65
VORTEX (21):	1.4000
Stochastique (14,3,5):	94.77
TEMA (21):	387.49
Williams %R (14):	-9.08
Chande Momentum Oscillator (20):	10.69
Repulse (5,40,3):	0.3700
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	4.57

MA7:	375.93
MA20:	367.67
MA50:	361.54
MA100:	367.29
MAexp7:	386.05
MAexp20:	381.41
MAexp50:	376.75
MAexp100:	372.74
Price / MA7:	+3.12%
Price / MA20:	+5.44%
Price / MA50:	+7.23%
Price / MA100:	+5.55%
Price / MAexp7:	+0.42%
Price / MAexp20:	+1.64%
Price / MAexp50:	+2.90%
Price / MAexp100:	+4.01%

Quotes : - 15 min delayed data - STOXX Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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