ESTX BANKS EUR (PRICE)

SX7E

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	SX7E
ISIN:	EU0009658426

ESTX BANKS EUR (PRICE) - Daily - Technical analysis published on 09/08/2022 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

50%

17%

33%

My opinion

Neutral between 78.05 EUR and 84.41 EUR

My targets

My analysis

The short-term increase on ESTX BANKS EUR (PRICE) remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 84.41 EUR. The first support is located at 78.05 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 80.74 EUR. The price has increased by +2.42% since the last closing and was traded between 79.06 EUR and 80.78 EUR over the period. The price is currently at +2.12% from its lowest and -0.05% from its highest.

79.06

80.78

80.74

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ESTX BANKS EUR (PRICE) indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	67.24	73.04	78.05	80.74	85.91	93.36	103.60
Change (%)	-16.72%	-9.54%	-3.33%	-	+6.40%	+15.63%	+28.31%
Change	-13.50	-7.70	-2.69	-	+5.17	+12.62	+22.86
Level	Minor	Minor	Major	-	Intermediate	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	76.45	77.02	77.92	78.49	79.39	79.96	80.86
Camarilla	78.43	78.56	78.70	78.83	78.97	79.10	79.23
Woodie	76.63	77.10	78.10	78.57	79.57	80.04	81.04
Fibonacci	77.02	77.58	77.93	78.49	79.05	79.40	79.96

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.55	75.04	77.67	79.16	81.79	83.28	85.91
Camarilla	79.16	79.54	79.91	80.29	80.67	81.05	81.42
Woodie	74.11	75.33	78.23	79.45	82.35	83.57	86.47
Fibonacci	75.04	76.62	77.59	79.16	80.74	81.71	83.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	65.95	71.24	75.18	80.47	84.41	89.70	93.64
Camarilla	76.57	77.42	78.26	79.11	79.96	80.80	81.65
Woodie	65.27	70.90	74.50	80.13	83.73	89.36	92.96
Fibonacci	71.24	74.77	76.95	80.47	84.00	86.18	89.70

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):	51.16
MACD (12,26,9):	-0.5000
Directional Movement:	0.96
AROON (14):	-42.86
DEMA (21):	79.26
Parabolic SAR (0,02-0,02-0,2):	76.54
Elder Ray (13):	0.33
Super Trend (3,10):	82.38
Zig ZAG (10):	80.53
VORTEX (21):	0.8700
Stochastique (14,3,5):	52.72
TEMA (21):	79.09
Williams %R (14):	-6.01
Chande Momentum Oscillator (20):	1.04
Repulse (5,40,3):	3.3200
ROCnROLL:	-1
TRIX (15,9):	-0.0700
Courbe Coppock:	7.94

MA7:	79.21
MA20:	80.48
MA50:	79.49
MA100:	82.97
MAexp7:	79.41
MAexp20:	79.83
MAexp50:	80.84
MAexp100:	83.47
Price / MA7:	+1.93%
Price / MA20:	+0.32%
Price / MA50:	+1.57%
Price / MA100:	-2.69%
Price / MAexp7:	+1.67%
Price / MAexp20:	+1.14%
Price / MAexp50:	-0.12%
Price / MAexp100:	-3.27%

Quotes : - 15 min delayed data - STOXX Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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