STOXX600 PRICE EUR INDEX - 1H - Technical analysis published on 08/03/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 433.90 EUR
My targets
439.90 EUR (+0.89%)
446.57 EUR (+2.42%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 433.90 EUR remains possible. It is advisable to trade STOXX600 PRICE EUR INDEX with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 433.90 EUR. The next bullish objective for buyers is set at 439.90 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 446.57 EUR. If there is any crossing, the next objective would be the resistance located at 462.60 EUR. PS: if there is a bearish break in the support located at 433.90 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.2
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Additional analysis
Quotes
STOXX600 PRICE EUR INDEX rating 436.01 EUR. On the day, this instrument lost -0.01% with the lowest point at 434.80 EUR and the highest point at 436.07 EUR. The deviation from the price is +0.28% for the low point and -0.01% for the high point.434.80
436.07
436.01
Here is a more detailed summary of the historical variations registered by STOXX600 PRICE EUR INDEX:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of STOXX600 PRICE EUR INDEX in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 417.29 | 425.51 | 433.90 | 436.01 | 439.90 | 446.57 | 462.60 |
| Change (%) | -4.29% | -2.41% | -0.48% | - | +0.89% | +2.42% | +6.10% |
| Change | -18.72 | -10.50 | -2.11 | - | +3.89 | +10.56 | +26.59 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Major |
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 | 430.69 | 432.10 | 434.09 | 435.50 | 437.49 | 438.90 | 440.89 |
| Camarilla | 435.14 | 435.45 | 435.76 | 436.07 | 436.38 | 436.69 | 437.01 |
| Woodie | 430.97 | 432.25 | 434.37 | 435.65 | 437.77 | 439.05 | 441.17 |
| Fibonacci | 432.10 | 433.40 | 434.21 | 435.50 | 436.80 | 437.61 | 438.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 412.30 | 417.78 | 428.04 | 433.52 | 443.78 | 449.26 | 459.52 |
| Camarilla | 433.96 | 435.40 | 436.85 | 438.29 | 439.73 | 441.18 | 442.62 |
| Woodie | 414.68 | 418.98 | 430.42 | 434.72 | 446.16 | 450.46 | 461.90 |
| Fibonacci | 417.78 | 423.80 | 427.51 | 433.52 | 439.54 | 443.25 | 449.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 374.46 | 387.52 | 412.90 | 425.96 | 451.34 | 464.40 | 489.78 |
| Camarilla | 427.72 | 431.24 | 434.77 | 438.29 | 441.81 | 445.34 | 448.86 |
| Woodie | 380.63 | 390.60 | 419.07 | 429.04 | 457.51 | 467.48 | 495.95 |
| Fibonacci | 387.52 | 402.20 | 411.27 | 425.96 | 440.64 | 449.71 | 464.40 |
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): | 51.81 | |
| MACD (12,26,9): | 0.3100 | |
| Directional Movement: | -5.14 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 436.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 433.72 | |
| Elder Ray (13): | -0.52 | |
| Super Trend (3,10): | 438.27 | |
| Zig ZAG (10): | 435.83 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 35.19 | |
| TEMA (21): | 435.43 | |
| Williams %R (14): | -58.56 | |
| Chande Momentum Oscillator (20): | -2.88 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.44 |
| MA7: | 433.52 | |
| MA20: | 423.59 | |
| MA50: | 422.00 | |
| MA100: | 434.32 | |
| MAexp7: | 435.73 | |
| MAexp20: | 435.91 | |
| MAexp50: | 433.59 | |
| MAexp100: | 429.20 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +2.93% | |
| Price / MA50: | +3.32% | |
| Price / MA100: | +0.39% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +1.59% |
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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