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) - 1H - Technical analysis published on 06/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 144.48 EUR

My targets

142.55 EUR (-0.30%)

141.14 EUR (-1.29%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ESTX BANKS EUR (PRICE) as long as the price remains well below 144.48 EUR. The sellers' bearish objective is set at 142.55 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 141.14 EUR. In case of crossing, the next objective would be the support located at 134.85 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.9

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

The ESTX BANKS EUR (PRICE) rating is 142.98 EUR. The price is lower by -0.01% since the last closing and was traded between 142.96 EUR and 143.52 EUR over the period. The price is currently at +0.01% from its lowest and -0.38% from its highest.

142.96

143.52

142.98

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ESTX BANKS EUR (PRICE) chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. 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 bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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	118.44	134.85	142.55	142.98	144.48	146.06	147.29
Change (%)	-17.16%	-5.69%	-0.30%	-	+1.05%	+2.15%	+3.01%
Change	-24.54	-8.13	-0.43	-	+1.50	+3.08	+4.31
Level	Major	Minor	Intermediate	-	Major	Minor	Intermediate

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	140.78	141.66	142.33	143.21	143.88	144.76	145.43
Camarilla	142.56	142.71	142.85	142.99	143.13	143.27	143.42
Woodie	140.67	141.61	142.22	143.16	143.77	144.71	145.32
Fibonacci	141.66	142.26	142.62	143.21	143.81	144.17	144.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	141.14	142.47	144.62	145.95	148.10	149.43	151.58
Camarilla	145.80	146.12	146.44	146.76	147.08	147.40	147.72
Woodie	141.54	142.68	145.02	146.16	148.50	149.64	151.98
Fibonacci	142.47	143.80	144.62	145.95	147.28	148.10	149.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	133.16	136.94	141.85	145.63	150.54	154.32	159.23
Camarilla	144.37	145.17	145.96	146.76	147.56	148.35	149.15
Woodie	133.73	137.22	142.42	145.91	151.11	154.60	159.80
Fibonacci	136.94	140.26	142.31	145.63	148.95	151.00	154.32

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	37.01
MACD (12,26,9):	-0.7800
Directional Movement:	-15.97
AROON (14):	-35.71
DEMA (21):	143.00
Parabolic SAR (0,02-0,02-0,2):	144.51
Elder Ray (13):	-0.72
Super Trend (3,10):	144.81
Zig ZAG (10):	142.99
VORTEX (21):	0.7000
Stochastique (14,3,5):	25.13
TEMA (21):	142.64
Williams %R (14):	-76.47
Chande Momentum Oscillator (20):	-0.99
Repulse (5,40,3):	-0.3400
ROCnROLL:	2
TRIX (15,9):	-0.0800
Courbe Coppock:	1.79

MA7:	145.45
MA20:	146.55
MA50:	143.05
MA100:	132.98
MAexp7:	143.29
MAexp20:	144.01
MAexp50:	145.05
MAexp100:	145.63
Price / MA7:	-1.70%
Price / MA20:	-2.44%
Price / MA50:	-0.05%
Price / MA100:	+7.52%
Price / MAexp7:	-0.22%
Price / MAexp20:	-0.72%
Price / MAexp50:	-1.43%
Price / MAexp100:	-1.82%

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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