ESTX BANKS EUR (PRICE) - 1H - Technical analysis published on 08/05/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 82.42 EUR
My targets
85.12 EUR (+2.87%)
86.49 EUR (+4.52%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ESTX BANKS EUR (PRICE) as long as the price remains well above 82.42 EUR. The buyers' bullish objective is set at 85.12 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 86.49 EUR. If there is any crossing, the next objective would be the resistance located at 93.29 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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Additional analysis
Quotes
The ESTX BANKS EUR (PRICE) rating is 82.75 EUR. On the day, this instrument gained +1.16% and was traded between 81.61 EUR and 82.75 EUR over the period. The price is currently at +1.40% from its lowest and 0% from its highest.81.61
82.75
82.75
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ESTX BANKS EUR (PRICE):
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ESTX BANKS EUR (PRICE) in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 78.05 | 80.12 | 82.42 | 82.75 | 86.49 | 93.29 | 103.60 |
| Change (%) | -5.68% | -3.18% | -0.40% | - | +4.52% | +12.74% | +25.20% |
| Change | -4.70 | -2.63 | -0.33 | - | +3.74 | +10.54 | +20.85 |
| Level | Major | Major | Intermediate | - | Minor | Major | 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 | 79.99 | 80.60 | 81.20 | 81.81 | 82.41 | 83.02 | 83.62 |
| Camarilla | 81.47 | 81.58 | 81.69 | 81.80 | 81.91 | 82.02 | 82.13 |
| Woodie | 79.99 | 80.60 | 81.20 | 81.81 | 82.41 | 83.02 | 83.62 |
| Fibonacci | 80.60 | 81.06 | 81.35 | 81.81 | 82.27 | 82.56 | 83.02 |
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): | 64.90 | |
| MACD (12,26,9): | 0.4600 | |
| Directional Movement: | 19.55 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 82.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 81.28 | |
| Elder Ray (13): | 0.41 | |
| Super Trend (3,10): | 81.13 | |
| Zig ZAG (10): | 82.30 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 81.85 | |
| TEMA (21): | 82.32 | |
| Williams %R (14): | -12.40 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 0.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.44 |
| MA7: | 80.44 | |
| MA20: | 78.04 | |
| MA50: | 82.07 | |
| MA100: | 85.22 | |
| MAexp7: | 82.09 | |
| MAexp20: | 81.65 | |
| MAexp50: | 80.74 | |
| MAexp100: | 79.75 | |
| Price / MA7: | +2.87% | |
| Price / MA20: | +6.04% | |
| Price / MA50: | +0.83% | |
| Price / MA100: | -2.90% | |
| Price / MAexp7: | +0.80% | |
| Price / MAexp20: | +1.35% | |
| Price / MAexp50: | +2.49% | |
| Price / MAexp100: | +3.76% |
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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