ESTX AUT&PRT EUR (PRICE)

SXAE

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SXAE
ISIN:	EU0009658301

ESTX AUT&PRT EUR (PRICE) - Daily - Technical analysis published on 05/18/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

56%

39%

My opinion

Bullish above 568.87 EUR

My targets

605.51 EUR (+2.69%)

630.06 EUR (+6.85%)

My analysis

A bullish trend on ESTX AUT&PRT EUR (PRICE) both in substance and in the short term. A purchase could be considered as long as the price remains above 568.87 EUR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 605.51 EUR. Then the price could move towards 630.06 EUR. Then 662.29 EUR by extension. Be careful, a return below 568.87 EUR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.2

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 AUT&PRT EUR (PRICE) price is 589.67 EUR. On the day, this instrument gained +2.72% and was traded between 574.20 EUR and 589.70 EUR over the period. The price is currently at +2.69% from its lowest and -0.01% from its highest.

574.20

589.70

589.67

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:

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ESTX AUT&PRT EUR (PRICE) chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of 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

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently 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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

White morning star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	509.55	539.62	568.87	589.67	605.51	630.06	662.29
Change (%)	-13.59%	-8.49%	-3.53%	-	+2.69%	+6.85%	+12.32%
Change	-80.12	-50.05	-20.80	-	+15.84	+40.39	+72.62
Level	Intermediate	Intermediate	Major	-	Major	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	559.96	563.61	568.84	572.49	577.72	581.37	586.60
Camarilla	571.64	572.45	573.27	574.08	574.89	575.71	576.52
Woodie	560.76	564.01	569.64	572.89	578.52	581.77	587.40
Fibonacci	563.61	567.00	569.10	572.49	575.88	577.98	581.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	558.71	567.24	572.64	581.17	586.57	595.10	600.50
Camarilla	574.20	575.48	576.75	578.03	579.31	580.58	581.86
Woodie	557.14	566.46	571.07	580.39	585.00	594.32	598.93
Fibonacci	567.24	572.57	575.85	581.17	586.50	589.78	595.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	511.79	537.79	558.64	584.64	605.49	631.49	652.34
Camarilla	566.61	570.90	575.20	579.49	583.79	588.08	592.37
Woodie	509.22	536.50	556.07	583.35	602.92	630.20	649.77
Fibonacci	537.79	555.69	566.74	584.64	602.54	613.59	631.49

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.50
MACD (12,26,9):	-2.1500
Directional Movement:	0.40
AROON (14):	28.57
DEMA (21):	577.73
Parabolic SAR (0,02-0,02-0,2):	589.26
Elder Ray (13):	1.07
Super Trend (3,10):	598.05
Zig ZAG (10):	587.03
VORTEX (21):	0.8200
Stochastique (14,3,5):	60.46
TEMA (21):	577.59
Williams %R (14):	-9.27
Chande Momentum Oscillator (20):	14.60
Repulse (5,40,3):	3.1900
ROCnROLL:	1
TRIX (15,9):	-0.0700
Courbe Coppock:	0.57

MA7:	579.74
MA20:	578.08
MA50:	586.79
MA100:	579.38
MAexp7:	579.69
MAexp20:	580.81
MAexp50:	582.74
MAexp100:	573.96
Price / MA7:	+1.71%
Price / MA20:	+2.00%
Price / MA50:	+0.49%
Price / MA100:	+1.78%
Price / MAexp7:	+1.72%
Price / MAexp20:	+1.53%
Price / MAexp50:	+1.19%
Price / MAexp100:	+2.74%

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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