STOXX600 PRICE EUR INDEX - 1H - Technical analysis published on 02/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 454.82 EUR
My targets
449.83 EUR (-0.72%)
443.42 EUR (-2.13%)
My analysis
The basic trend is currently slightly bearish on STOXX600 PRICE EUR INDEX and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 454.82 EUR, sales could be favoured. The first bearish objective would be located at 449.83 EUR. Sellers would then use the next support located at 443.42 EUR as an objective. Crossing it would then enable sellers to target 440.93 EUR. A return to above the resistance at 454.82 EUR could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.9
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Additional analysis
Quotes
STOXX600 PRICE EUR INDEX rating 453.09 EUR. On the day, this instrument lost -0.03% and was traded between 452.16 EUR and 455.47 EUR over the period. The price is currently at +0.21% from its lowest and -0.52% from its highest.452.16
455.47
453.09
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by STOXX600 PRICE EUR INDEX:
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
A technical analysis in 1H of this STOXX600 PRICE EUR INDEX chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 440.93 | 443.42 | 449.83 | 453.09 | 454.82 | 457.53 | 475.70 |
| Change (%) | -2.68% | -2.13% | -0.72% | - | +0.38% | +0.98% | +4.99% |
| Change | -12.16 | -9.67 | -3.26 | - | +1.73 | +4.44 | +22.61 |
| Level | Minor | Major | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 446.38 | 448.06 | 450.63 | 452.31 | 454.88 | 456.56 | 459.13 |
| Camarilla | 452.04 | 452.43 | 452.82 | 453.21 | 453.60 | 453.99 | 454.38 |
| Woodie | 446.84 | 448.28 | 451.09 | 452.53 | 455.34 | 456.78 | 459.59 |
| Fibonacci | 448.06 | 449.68 | 450.68 | 452.31 | 453.93 | 454.93 | 456.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 445.11 | 447.44 | 451.31 | 453.64 | 457.51 | 459.84 | 463.71 |
| Camarilla | 453.47 | 454.03 | 454.60 | 455.17 | 455.74 | 456.31 | 456.88 |
| Woodie | 445.87 | 447.83 | 452.07 | 454.03 | 458.27 | 460.23 | 464.47 |
| Fibonacci | 447.44 | 449.81 | 451.28 | 453.64 | 456.01 | 457.48 | 459.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 399.57 | 412.74 | 432.97 | 446.14 | 466.37 | 479.54 | 499.77 |
| Camarilla | 444.03 | 447.09 | 450.15 | 453.21 | 456.27 | 459.33 | 462.40 |
| Woodie | 403.11 | 414.51 | 436.51 | 447.91 | 469.91 | 481.31 | 503.31 |
| Fibonacci | 412.74 | 425.50 | 433.38 | 446.14 | 458.90 | 466.78 | 479.54 |
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): | 49.05 | |
| MACD (12,26,9): | 0.1700 | |
| Directional Movement: | -4.59 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 453.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 451.39 | |
| Elder Ray (13): | -0.77 | |
| Super Trend (3,10): | 451.53 | |
| Zig ZAG (10): | 453.09 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 61.17 | |
| TEMA (21): | 453.69 | |
| Williams %R (14): | -49.58 | |
| Chande Momentum Oscillator (20): | 0.54 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.79 |
| MA7: | 453.61 | |
| MA20: | 451.45 | |
| MA50: | 441.40 | |
| MA100: | 424.33 | |
| MAexp7: | 453.53 | |
| MAexp20: | 453.34 | |
| MAexp50: | 453.17 | |
| MAexp100: | 452.16 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | +0.36% | |
| Price / MA50: | +2.65% | |
| Price / MA100: | +6.78% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | +0.21% |
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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