ESTX BANKS EUR (PRICE) - 1H - Technical analysis published on 11/02/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
50%
39%
My opinion
Bullish above 85.86 EUR
My targets
89.30 EUR (+1.32%)
92.07 EUR (+4.46%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 85.86 EUR remains possible. It is advisable to trade ESTX BANKS EUR (PRICE) with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 85.86 EUR. The next bullish objective for buyers is set at 89.30 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 92.07 EUR. If there is any crossing, the next objective would be the resistance located at 102.00 EUR. PS: if there is a bearish break in the support located at 85.86 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3
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Additional analysis
Quotes
The ESTX BANKS EUR (PRICE) price is 88.14 EUR. On the day, this instrument lost -0.02% and was traded between 87.73 EUR and 89.12 EUR over the period. The price is currently at +0.47% from its lowest and -1.10% from its highest.87.73
89.12
88.14
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
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 1H of this ESTX BANKS EUR (PRICE) chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 80.54 | 83.49 | 87.95 | 88.14 | 89.30 | 92.07 | 102.00 |
| Change (%) | -8.62% | -5.28% | -0.22% | - | +1.32% | +4.46% | +15.72% |
| Change | -7.60 | -4.65 | -0.19 | - | +1.16 | +3.93 | +13.86 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.22 | 87.07 | 87.61 | 88.46 | 89.00 | 89.85 | 90.39 |
| Camarilla | 87.78 | 87.91 | 88.03 | 88.16 | 88.29 | 88.42 | 88.54 |
| Woodie | 86.08 | 86.99 | 87.47 | 88.38 | 88.86 | 89.77 | 90.25 |
| Fibonacci | 87.07 | 87.60 | 87.93 | 88.46 | 88.99 | 89.32 | 89.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.36 | 84.28 | 85.86 | 86.78 | 88.36 | 89.28 | 90.86 |
| Camarilla | 86.76 | 86.99 | 87.22 | 87.45 | 87.68 | 87.91 | 88.14 |
| Woodie | 83.70 | 84.45 | 86.20 | 86.95 | 88.70 | 89.45 | 91.20 |
| Fibonacci | 84.28 | 85.23 | 85.82 | 86.78 | 87.73 | 88.32 | 89.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.49 | 72.45 | 79.98 | 83.94 | 91.47 | 95.43 | 102.96 |
| Camarilla | 84.34 | 85.39 | 86.45 | 87.50 | 88.55 | 89.61 | 90.66 |
| Woodie | 70.27 | 73.34 | 81.76 | 84.83 | 93.25 | 96.32 | 104.74 |
| Fibonacci | 72.45 | 76.84 | 79.55 | 83.94 | 88.33 | 91.04 | 95.43 |
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): | 53.24 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 7.88 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 88.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.04 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 87.63 | |
| Zig ZAG (10): | 88.13 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 29.51 | |
| TEMA (21): | 88.36 | |
| Williams %R (14): | -75.80 | |
| Chande Momentum Oscillator (20): | -0.80 | |
| Repulse (5,40,3): | -0.2700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.08 |
| MA7: | 87.57 | |
| MA20: | 83.96 | |
| MA50: | 82.64 | |
| MA100: | 81.59 | |
| MAexp7: | 88.22 | |
| MAexp20: | 88.14 | |
| MAexp50: | 87.49 | |
| MAexp100: | 86.25 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +4.98% | |
| Price / MA50: | +6.66% | |
| Price / MA100: | +8.03% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | +2.19% |
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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