ESTX BANKS EUR (PRICE) - Daily - Technical analysis published on 08/02/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 83.35 EUR
My targets
78.05 EUR (-1.80%)
74.50 EUR (-6.26%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ESTX BANKS EUR (PRICE). As long as you are under the resistance located at 83.35 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 78.05 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 74.50 EUR as an objective. Crossing it would then enable sellers to target 70.43 EUR. If the resistance 83.35 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ESTX BANKS EUR (PRICE) rating 79.48 EUR. On the day, this instrument lost -0.01% with the lowest point at 79.00 EUR and the highest point at 79.74 EUR. The deviation from the price is +0.61% for the low point and -0.33% for the high point.79.00
79.74
79.48
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
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
A technical analysis in Daily of this ESTX BANKS EUR (PRICE) chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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 | 58.56 | 70.43 | 78.05 | 79.48 | 93.29 | 103.60 | 116.13 |
| Change (%) | -26.32% | -11.39% | -1.80% | - | +17.38% | +30.35% | +46.11% |
| Change | -20.92 | -9.05 | -1.43 | - | +13.81 | +24.12 | +36.65 |
| Level | Minor | Major | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.21 | 78.30 | 78.90 | 79.99 | 80.59 | 81.68 | 82.28 |
| Camarilla | 79.03 | 79.18 | 79.34 | 79.49 | 79.65 | 79.80 | 79.96 |
| Woodie | 76.96 | 78.18 | 78.65 | 79.87 | 80.34 | 81.56 | 82.03 |
| Fibonacci | 78.30 | 78.95 | 79.35 | 79.99 | 80.64 | 81.04 | 81.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.81 | 75.14 | 77.58 | 78.91 | 81.35 | 82.68 | 85.12 |
| Camarilla | 78.99 | 79.34 | 79.68 | 80.03 | 80.38 | 80.72 | 81.07 |
| Woodie | 74.38 | 75.42 | 78.15 | 79.19 | 81.92 | 82.96 | 85.69 |
| Fibonacci | 75.14 | 76.58 | 77.47 | 78.91 | 80.35 | 81.24 | 82.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.65 | 68.98 | 74.50 | 77.83 | 83.35 | 86.68 | 92.20 |
| Camarilla | 77.60 | 78.41 | 79.22 | 80.03 | 80.84 | 81.65 | 82.46 |
| Woodie | 66.76 | 69.53 | 75.61 | 78.38 | 84.46 | 87.23 | 93.31 |
| Fibonacci | 68.98 | 72.36 | 74.45 | 77.83 | 81.21 | 83.30 | 86.68 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.70 | |
| MACD (12,26,9): | -0.7400 | |
| Directional Movement: | 3.18 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 77.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.22 | |
| Elder Ray (13): | 0.99 | |
| Super Trend (3,10): | 80.76 | |
| Zig ZAG (10): | 79.09 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 86.11 | |
| TEMA (21): | 78.26 | |
| Williams %R (14): | -20.36 | |
| Chande Momentum Oscillator (20): | 5.28 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2700 | |
| Courbe Coppock: | 5.39 |
| MA7: | 78.66 | |
| MA20: | 77.45 | |
| MA50: | 82.65 | |
| MA100: | 85.46 | |
| MAexp7: | 78.82 | |
| MAexp20: | 78.65 | |
| MAexp50: | 81.38 | |
| MAexp100: | 85.40 | |
| Price / MA7: | +1.04% | |
| Price / MA20: | +2.62% | |
| Price / MA50: | -3.84% | |
| Price / MA100: | -7.00% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | +1.06% | |
| Price / MAexp50: | -2.33% | |
| Price / MAexp100: | -6.93% |
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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