STOXX600 PRICE EUR INDEX - 1H - Technical analysis published on 08/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
28%
56%
17%
My opinion
Bearish under 441.84 EUR
My targets
433.90 EUR (-1.15%)
425.57 EUR (-3.05%)
My analysis
The strong short-term decline in STOXX600 PRICE EUR INDEX calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 441.84 EUR, one could consider taking advantage of the short-term movement. The first bearish objective is located at 433.90 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 425.57 EUR as an objective. Crossing it would then enable sellers to target 420.05 EUR. Be careful, a return to above 441.84 EUR could jeopardize the reversal.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.6
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Additional analysis
Quotes
The STOXX600 PRICE EUR INDEX price is 438.94 EUR. On the day, this instrument lost -0.02% with the lowest point at 437.77 EUR and the highest point at 439.26 EUR. The deviation from the price is +0.27% for the low point and -0.07% for the high point.437.77
439.26
438.94
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of STOXX600 PRICE EUR INDEX in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 425.57 | 433.90 | 438.49 | 438.94 | 441.84 | 444.42 | 462.56 |
| Change (%) | -3.05% | -1.15% | -0.10% | - | +0.66% | +1.25% | +5.38% |
| Change | -13.37 | -5.04 | -0.45 | - | +2.90 | +5.48 | +23.62 |
| Level | Minor | Major | Minor | - | 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 | 430.85 | 434.64 | 436.83 | 440.62 | 442.81 | 446.60 | 448.79 |
| Camarilla | 437.39 | 437.93 | 438.48 | 439.03 | 439.58 | 440.13 | 440.68 |
| Woodie | 430.06 | 434.24 | 436.04 | 440.22 | 442.02 | 446.20 | 448.00 |
| Fibonacci | 434.64 | 436.92 | 438.33 | 440.62 | 442.90 | 444.31 | 446.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 427.35 | 430.61 | 435.74 | 439.00 | 444.13 | 447.39 | 452.52 |
| Camarilla | 438.56 | 439.33 | 440.10 | 440.87 | 441.64 | 442.41 | 443.18 |
| Woodie | 428.29 | 431.08 | 436.68 | 439.47 | 445.07 | 447.86 | 453.46 |
| Fibonacci | 430.61 | 433.82 | 435.80 | 439.00 | 442.21 | 444.19 | 447.39 |
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 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): | 34.20 | |
| MACD (12,26,9): | -0.5700 | |
| Directional Movement: | -20.22 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 440.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 442.57 | |
| Elder Ray (13): | -2.29 | |
| Super Trend (3,10): | 441.74 | |
| Zig ZAG (10): | 439.03 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 9.80 | |
| TEMA (21): | 439.61 | |
| Williams %R (14): | -82.20 | |
| Chande Momentum Oscillator (20): | -3.84 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.45 |
| MA7: | 440.62 | |
| MA20: | 436.16 | |
| MA50: | 421.67 | |
| MA100: | 432.90 | |
| MAexp7: | 439.92 | |
| MAexp20: | 441.13 | |
| MAexp50: | 440.81 | |
| MAexp100: | 438.76 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | +4.10% | |
| Price / MA100: | +1.40% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | -0.42% | |
| 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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