ESTX CNS&MAT EUR (PRICE)

SXOE

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SXOE
ISIN:	EU0009658509

ESTX CNS&MAT EUR (PRICE) - Daily - Technical analysis published on 11/21/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

39%

My opinion

Bullish above 452.18 EUR

My targets

481.40 EUR (+2.38%)

505.64 EUR (+7.53%)

My analysis

ESTX CNS&MAT EUR (PRICE) is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 452.18 EUR. The next resistance located at 481.40 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 505.64 EUR. After this resistance, buyers could then target 518.63 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

7.3

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.

Additional analysis

Quotes

The ESTX CNS&MAT EUR (PRICE) price is 470.23 EUR. On the day, this instrument lost -0.01% with the lowest point at 468.65 EUR and the highest point at 471.30 EUR. The deviation from the price is +0.34% for the low point and -0.23% for the high point.

468.65

471.30

470.23

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

Here is a more detailed summary of the historical variations registered by ESTX CNS&MAT EUR (PRICE):

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ESTX CNS&MAT EUR (PRICE) in Daily shows a strongly overall bullish trend. 85.71% 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.

In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	401.86	423.69	452.18	470.23	481.40	505.64	518.63
Change (%)	-14.54%	-9.90%	-3.84%	-	+2.38%	+7.53%	+10.29%
Change	-68.37	-46.54	-18.05	-	+11.17	+35.41	+48.40
Level	Intermediate	Major	Major	-	Major	Major	Minor

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	459.38	462.24	466.25	469.11	473.12	475.98	479.99
Camarilla	468.38	469.01	469.64	470.27	470.90	471.53	472.16
Woodie	459.97	462.53	466.84	469.40	473.71	476.27	480.58
Fibonacci	462.24	464.86	466.48	469.11	471.73	473.35	475.98

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	443.46	452.19	461.23	469.96	479.00	487.73	496.77
Camarilla	465.38	467.01	468.64	470.27	471.90	473.53	475.16
Woodie	443.62	452.27	461.39	470.04	479.16	487.81	496.93
Fibonacci	452.19	458.98	463.17	469.96	476.75	480.94	487.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	364.78	382.72	417.36	435.30	469.94	487.88	522.52
Camarilla	437.55	442.37	447.19	452.01	456.83	461.65	466.47
Woodie	373.14	386.90	425.72	439.48	478.30	492.06	530.88
Fibonacci	382.72	402.80	415.21	435.30	455.38	467.79	487.88

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):	63.86
MACD (12,26,9):	10.0300
Directional Movement:	10.66
AROON (14):	50.00
DEMA (21):	471.82
Parabolic SAR (0,02-0,02-0,2):	477.99
Elder Ray (13):	5.55
Super Trend (3,10):	450.51
Zig ZAG (10):	470.47
VORTEX (21):	1.3000
Stochastique (14,3,5):	71.45
TEMA (21):	477.76
Williams %R (14):	-23.07
Chande Momentum Oscillator (20):	22.36
Repulse (5,40,3):	0.0500
ROCnROLL:	1
TRIX (15,9):	0.3400
Courbe Coppock:	9.76

MA7:	471.33
MA20:	459.62
MA50:	438.20
MA100:	446.80
MAexp7:	468.48
MAexp20:	458.95
MAexp50:	448.87
MAexp100:	451.78
Price / MA7:	-0.23%
Price / MA20:	+2.31%
Price / MA50:	+7.31%
Price / MA100:	+5.24%
Price / MAexp7:	+0.37%
Price / MAexp20:	+2.46%
Price / MAexp50:	+4.76%
Price / MAexp100:	+4.08%

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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