ESTX BANKS EUR (PRICE) - 1H - Technical analysis published on 01/11/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 103.33 EUR
My targets
104.65 EUR (+0.71%)
109.56 EUR (+5.44%)
My analysis
The basic bullish trend is very strong on ESTX BANKS EUR (PRICE) but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 103.33 EUR. Crossing the first resistance at 104.65 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 109.56 EUR as an objective. Crossing it would then enable buyers to target 116.13 EUR. Caution, a return to below 103.33 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.4
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Additional analysis
Quotes
The ESTX BANKS EUR (PRICE) rating is 103.91 EUR. The price is lower by -0.04% since the last closing and was traded between 103.61 EUR and 104.36 EUR over the period. The price is currently at +0.29% from its lowest and -0.43% from its highest.103.61
104.36
103.91
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ESTX BANKS EUR (PRICE) indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 97.09 | 102.00 | 103.33 | 103.91 | 104.65 | 116.13 | 162.44 |
| Change (%) | -6.56% | -1.84% | -0.56% | - | +0.71% | +11.76% | +56.33% |
| Change | -6.82 | -1.91 | -0.58 | - | +0.74 | +12.22 | +58.53 |
| Level | Intermediate | 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 | 102.74 | 103.04 | 103.49 | 103.79 | 104.24 | 104.54 | 104.99 |
| Camarilla | 103.74 | 103.81 | 103.88 | 103.95 | 104.02 | 104.09 | 104.16 |
| Woodie | 102.83 | 103.08 | 103.58 | 103.83 | 104.33 | 104.58 | 105.08 |
| Fibonacci | 103.04 | 103.32 | 103.50 | 103.79 | 104.07 | 104.25 | 104.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 90.59 | 93.32 | 98.71 | 101.44 | 106.83 | 109.56 | 114.95 |
| Camarilla | 101.86 | 102.60 | 103.35 | 104.09 | 104.83 | 105.58 | 106.32 |
| Woodie | 91.91 | 93.99 | 100.03 | 102.11 | 108.15 | 110.23 | 116.27 |
| Fibonacci | 93.32 | 96.43 | 98.34 | 101.44 | 104.55 | 106.46 | 109.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.92 | 88.41 | 92.14 | 94.63 | 98.36 | 100.85 | 104.58 |
| Camarilla | 94.15 | 94.72 | 95.29 | 95.86 | 96.43 | 97.00 | 97.57 |
| Woodie | 86.53 | 88.72 | 92.75 | 94.94 | 98.97 | 101.16 | 105.19 |
| Fibonacci | 88.41 | 90.79 | 92.26 | 94.63 | 97.01 | 98.48 | 100.85 |
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): | 54.96 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | -2.15 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 104.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 103.57 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 103.21 | |
| Zig ZAG (10): | 103.91 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 47.20 | |
| TEMA (21): | 103.78 | |
| Williams %R (14): | -61.18 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.07 |
| MA7: | 103.06 | |
| MA20: | 97.94 | |
| MA50: | 94.83 | |
| MA100: | 88.65 | |
| MAexp7: | 103.89 | |
| MAexp20: | 103.85 | |
| MAexp50: | 102.95 | |
| MAexp100: | 101.08 | |
| Price / MA7: | +0.82% | |
| Price / MA20: | +6.10% | |
| Price / MA50: | +9.58% | |
| Price / MA100: | +17.21% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.93% | |
| Price / MAexp100: | +2.80% |
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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