ESTX HEA CARE EUR (PRICE) - Daily - Technical analysis published on 06/22/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 831.79 EUR
My targets
780.02 EUR (-2.77%)
758.66 EUR (-5.43%)
My analysis
ESTX HEA CARE EUR (PRICE) is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 831.79 EUR. The next support located at 780.02 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 758.66 EUR. Below this support, sellers could then target 742.71 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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.
Additional analysis
Quotes
The ESTX HEA CARE EUR (PRICE) price is 802.21 EUR. On the day, this instrument lost -0.01% and was between 792.94 EUR and 802.71 EUR. This implies that the price is at +1.17% from its lowest and at -0.06% from its highest.792.94
802.71
802.21
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
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 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 this Daily chart of ESTX HEA CARE EUR (PRICE) indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
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 | 758.66 | 780.02 | 799.57 | 802.21 | 831.79 | 847.42 | 862.07 |
| Change (%) | -5.43% | -2.77% | -0.33% | - | +3.69% | +5.64% | +7.46% |
| Change | -43.55 | -22.19 | -2.64 | - | +29.58 | +45.21 | +59.86 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Major |
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 | 794.30 | 797.82 | 800.06 | 803.58 | 805.82 | 809.34 | 811.58 |
| Camarilla | 800.73 | 801.25 | 801.78 | 802.31 | 802.84 | 803.37 | 803.89 |
| Woodie | 793.67 | 797.50 | 799.43 | 803.26 | 805.19 | 809.02 | 810.95 |
| Fibonacci | 797.82 | 800.02 | 801.38 | 803.58 | 805.78 | 807.14 | 809.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 788.27 | 795.93 | 807.30 | 814.96 | 826.33 | 833.99 | 845.36 |
| Camarilla | 813.45 | 815.19 | 816.94 | 818.68 | 820.42 | 822.17 | 823.91 |
| Woodie | 790.14 | 796.86 | 809.17 | 815.89 | 828.20 | 834.92 | 847.23 |
| Fibonacci | 795.93 | 803.20 | 807.69 | 814.96 | 822.23 | 826.72 | 833.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 730.01 | 764.73 | 782.51 | 817.23 | 835.01 | 869.73 | 887.51 |
| Camarilla | 785.85 | 790.67 | 795.48 | 800.29 | 805.10 | 809.92 | 814.73 |
| Woodie | 721.54 | 760.50 | 774.04 | 813.00 | 826.54 | 865.50 | 879.04 |
| Fibonacci | 764.73 | 784.79 | 797.18 | 817.23 | 837.29 | 849.68 | 869.73 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.17 | |
| MACD (12,26,9): | -6.7200 | |
| Directional Movement: | -11.69 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 803.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 822.61 | |
| Elder Ray (13): | -10.89 | |
| Super Trend (3,10): | 825.16 | |
| Zig ZAG (10): | 801.50 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 28.07 | |
| TEMA (21): | 800.03 | |
| Williams %R (14): | -69.26 | |
| Chande Momentum Oscillator (20): | -15.46 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 1.78 |
| MA7: | 806.52 | |
| MA20: | 809.89 | |
| MA50: | 829.48 | |
| MA100: | 819.55 | |
| MAexp7: | 805.51 | |
| MAexp20: | 811.83 | |
| MAexp50: | 819.13 | |
| MAexp100: | 817.28 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | -0.95% | |
| Price / MA50: | -3.29% | |
| Price / MA100: | -2.12% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -1.18% | |
| Price / MAexp50: | -2.07% | |
| Price / MAexp100: | -1.84% |
Quotes :
-
15 min delayed data
-
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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