ESTX CNS&MAT EUR (PRICE) - 1H - Technical analysis published on 02/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 528.83 EUR
My targets
539.33 EUR (+1.42%)
558.45 EUR (+5.02%)
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 528.83 EUR. The next resistance located at 539.33 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 558.45 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Londinia.
Additional analysis
Quotes
The ESTX CNS&MAT EUR (PRICE) rating is 531.76 EUR. On the day, this instrument lost -0.04% with the lowest point at 525.61 EUR and the highest point at 531.76 EUR. The deviation from the price is +1.17% for the low point and 0% for the high point.525.61
531.76
531.76
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ESTX CNS&MAT EUR (PRICE) in 1H shows a strongly overall bullish trend. 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.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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 : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 513.98 | 517.89 | 528.83 | 531.76 | 558.45 |
| Change (%) | -3.34% | -2.61% | -0.55% | - | +5.02% |
| Change | -17.78 | -13.87 | -2.93 | - | +26.69 |
| Level | Intermediate | Minor | Minor | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 516.21 | 519.87 | 525.91 | 529.57 | 535.61 | 539.27 | 545.31 |
| Camarilla | 529.29 | 530.18 | 531.07 | 531.96 | 532.85 | 533.74 | 534.63 |
| Woodie | 517.41 | 520.47 | 527.11 | 530.17 | 536.81 | 539.87 | 546.51 |
| Fibonacci | 519.87 | 523.57 | 525.86 | 529.57 | 533.27 | 535.56 | 539.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 501.08 | 505.33 | 513.83 | 518.08 | 526.58 | 530.83 | 539.33 |
| Camarilla | 518.82 | 519.99 | 521.16 | 522.33 | 523.50 | 524.67 | 525.84 |
| Woodie | 503.21 | 506.39 | 515.96 | 519.14 | 528.71 | 531.89 | 541.46 |
| Fibonacci | 505.33 | 510.20 | 513.21 | 518.08 | 522.95 | 525.96 | 530.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 419.23 | 441.08 | 478.64 | 500.49 | 538.05 | 559.90 | 597.46 |
| Camarilla | 499.87 | 505.32 | 510.76 | 516.21 | 521.66 | 527.10 | 532.55 |
| Woodie | 427.10 | 445.01 | 486.51 | 504.42 | 545.92 | 563.83 | 605.33 |
| Fibonacci | 441.08 | 463.77 | 477.79 | 500.49 | 523.18 | 537.20 | 559.90 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.26 | |
| MACD (12,26,9): | 2.0700 | |
| Directional Movement: | 20.48 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 530.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 525.61 | |
| Elder Ray (13): | 2.55 | |
| Super Trend (3,10): | 526.02 | |
| Zig ZAG (10): | 531.76 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 65.41 | |
| TEMA (21): | 530.45 | |
| Williams %R (14): | -16.72 | |
| Chande Momentum Oscillator (20): | 2.44 | |
| Repulse (5,40,3): | 0.9100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.99 |
| MA7: | 522.89 | |
| MA20: | 514.01 | |
| MA50: | 489.37 | |
| MA100: | 464.38 | |
| MAexp7: | 529.22 | |
| MAexp20: | 527.14 | |
| MAexp50: | 523.34 | |
| MAexp100: | 518.41 | |
| Price / MA7: | +1.70% | |
| Price / MA20: | +3.45% | |
| Price / MA50: | +8.66% | |
| Price / MA100: | +14.51% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | +0.88% | |
| Price / MAexp50: | +1.61% | |
| Price / MAexp100: | +2.58% |
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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