ESTX CNS&MAT EUR (PRICE) - Daily - Technical analysis published on 03/02/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 537.33 EUR
My targets
558.45 EUR (+1.87%)
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 537.33 EUR. The next resistance located at 558.45 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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
0
10
8.4
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 548.20 EUR. The price has increased by +1.61% since the last closing and was traded between 537.33 EUR and 549.65 EUR over the period. The price is currently at +2.02% from its lowest and -0.26% from its highest.537.33
549.65
548.20
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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):
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ESTX CNS&MAT EUR (PRICE) indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 481.23 | 505.64 | 537.33 | 548.20 | 558.45 |
| Change (%) | -12.22% | -7.76% | -1.98% | - | +1.87% |
| Change | -66.97 | -42.56 | -10.87 | - | +10.25 |
| Level | Intermediate | Intermediate | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 532.03 | 535.07 | 537.30 | 540.34 | 542.57 | 545.61 | 547.84 |
| Camarilla | 538.08 | 538.56 | 539.05 | 539.53 | 540.01 | 540.50 | 540.98 |
| Woodie | 531.63 | 534.87 | 536.90 | 540.14 | 542.17 | 545.41 | 547.44 |
| Fibonacci | 535.07 | 537.08 | 538.33 | 540.34 | 542.35 | 543.60 | 545.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 511.04 | 518.47 | 524.80 | 532.23 | 538.56 | 545.99 | 552.32 |
| Camarilla | 527.36 | 528.62 | 529.88 | 531.14 | 532.40 | 533.66 | 534.92 |
| Woodie | 510.50 | 518.20 | 524.26 | 531.96 | 538.02 | 545.72 | 551.78 |
| Fibonacci | 518.47 | 523.72 | 526.97 | 532.23 | 537.48 | 540.73 | 545.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 497.75 | 507.02 | 522.08 | 531.35 | 546.41 | 555.68 | 570.74 |
| Camarilla | 530.46 | 532.69 | 534.92 | 537.15 | 539.38 | 541.61 | 543.84 |
| Woodie | 500.66 | 508.47 | 524.99 | 532.80 | 549.32 | 557.13 | 573.65 |
| Fibonacci | 507.02 | 516.31 | 522.05 | 531.35 | 540.64 | 546.38 | 555.68 |
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): | 71.32 | |
| MACD (12,26,9): | 7.6100 | |
| Directional Movement: | 18.15 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 541.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 528.64 | |
| Elder Ray (13): | 8.39 | |
| Super Trend (3,10): | 520.24 | |
| Zig ZAG (10): | 547.33 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 87.96 | |
| TEMA (21): | 541.07 | |
| Williams %R (14): | -7.25 | |
| Chande Momentum Oscillator (20): | 18.42 | |
| Repulse (5,40,3): | 2.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2200 | |
| Courbe Coppock: | 4.57 |
| MA7: | 536.72 | |
| MA20: | 531.75 | |
| MA50: | 511.83 | |
| MA100: | 485.80 | |
| MAexp7: | 538.61 | |
| MAexp20: | 531.37 | |
| MAexp50: | 514.66 | |
| MAexp100: | 496.35 | |
| Price / MA7: | +2.14% | |
| Price / MA20: | +3.09% | |
| Price / MA50: | +7.11% | |
| Price / MA100: | +12.84% | |
| Price / MAexp7: | +1.78% | |
| Price / MAexp20: | +3.17% | |
| Price / MAexp50: | +6.52% | |
| Price / MAexp100: | +10.45% |
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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