STOXX50 PRICE EUR INDEX - 1H - Technical analysis published on 04/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 4,420.04 EUR
My targets
4,381.95 EUR (-0.37%)
4,361.10 EUR (-0.84%)
My analysis
The strong short-term decline of STOXX50 PRICE EUR INDEX reinforces the current slightly bearish trend. As long as the price remains below 4,420.04 EUR, you could take advantage of this bearish acceleration. The first bearish objective is located at 4,381.95 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4,361.10 EUR as an objective. Crossing it would then enable sellers to target 4,319.54 EUR. A return to above 4,420.04 EUR would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.3
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Additional analysis
Quotes
STOXX50 PRICE EUR INDEX rating 4,398.05 EUR. On the day, this instrument lost -0.02% and was between 4,396.83 EUR and 4,409.38 EUR. This implies that the price is at +0.03% from its lowest and at -0.26% from its highest.4,396.83
4,409.38
4,398.05
Here is a more detailed summary of the historical variations registered by STOXX50 PRICE EUR INDEX:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of STOXX50 PRICE EUR INDEX in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,319.54 | 4,361.10 | 4,381.95 | 4,398.05 | 4,399.73 | 4,420.04 | 4,436.94 |
| Change (%) | -1.79% | -0.84% | -0.37% | - | +0.04% | +0.50% | +0.88% |
| Change | -78.51 | -36.95 | -16.10 | - | +1.68 | +21.99 | +38.89 |
| Level | Minor | Minor | Intermediate | - | Intermediate | 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 | 4,306.27 | 4,350.17 | 4,374.49 | 4,418.39 | 4,442.71 | 4,486.61 | 4,510.93 |
| Camarilla | 4,380.05 | 4,386.30 | 4,392.56 | 4,398.81 | 4,405.06 | 4,411.32 | 4,417.57 |
| Woodie | 4,296.48 | 4,345.28 | 4,364.70 | 4,413.50 | 4,432.92 | 4,481.72 | 4,501.14 |
| Fibonacci | 4,350.17 | 4,376.23 | 4,392.33 | 4,418.39 | 4,444.45 | 4,460.55 | 4,486.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,338.56 | 4,360.01 | 4,394.05 | 4,415.50 | 4,449.54 | 4,470.99 | 4,505.03 |
| Camarilla | 4,412.84 | 4,417.93 | 4,423.01 | 4,428.10 | 4,433.19 | 4,438.27 | 4,443.36 |
| Woodie | 4,344.87 | 4,363.16 | 4,400.36 | 4,418.65 | 4,455.85 | 4,474.14 | 4,511.34 |
| Fibonacci | 4,360.01 | 4,381.20 | 4,394.30 | 4,415.50 | 4,436.69 | 4,449.79 | 4,470.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,167.78 | 4,223.38 | 4,325.74 | 4,381.34 | 4,483.70 | 4,539.30 | 4,641.66 |
| Camarilla | 4,384.66 | 4,399.14 | 4,413.62 | 4,428.10 | 4,442.58 | 4,457.06 | 4,471.54 |
| Woodie | 4,191.16 | 4,235.07 | 4,349.12 | 4,393.03 | 4,507.08 | 4,550.99 | 4,665.04 |
| Fibonacci | 4,223.38 | 4,283.72 | 4,321.00 | 4,381.34 | 4,441.68 | 4,478.96 | 4,539.30 |
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): | 38.84 | |
| MACD (12,26,9): | -5.4500 | |
| Directional Movement: | -4.44 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 4,407.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,436.09 | |
| Elder Ray (13): | -7.67 | |
| Super Trend (3,10): | 4,427.13 | |
| Zig ZAG (10): | 4,399.22 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 9.99 | |
| TEMA (21): | 4,398.71 | |
| Williams %R (14): | -90.27 | |
| Chande Momentum Oscillator (20): | -45.68 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.60 |
| MA7: | 4,407.63 | |
| MA20: | 4,382.03 | |
| MA50: | 4,292.94 | |
| MA100: | 4,160.42 | |
| MAexp7: | 4,403.58 | |
| MAexp20: | 4,412.18 | |
| MAexp50: | 4,411.11 | |
| MAexp100: | 4,399.69 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | +0.37% | |
| Price / MA50: | +2.45% | |
| Price / MA100: | +5.71% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.04% |
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.
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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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