ESTX AUT&PRT EUR (PRICE) - 1H - Technical analysis published on 06/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 592.16 EUR
My targets
597.83 EUR (+0.57%)
613.06 EUR (+3.13%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ESTX AUT&PRT EUR (PRICE) as long as the price remains well above 592.16 EUR. The buyers' bullish objective is set at 597.83 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 613.06 EUR. If there is any crossing, the next objective would be the resistance located at 630.06 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.1
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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 594.46 EUR. On the day, this instrument lost -0.01% and was traded between 589.78 EUR and 594.90 EUR over the period. The price is currently at +0.79% from its lowest and -0.07% from its highest.589.78
594.90
594.46
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ESTX AUT&PRT EUR (PRICE) chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 572.41 | 581.04 | 592.16 | 594.46 | 594.77 | 597.83 | 630.06 |
| Change (%) | -3.71% | -2.26% | -0.39% | - | +0.05% | +0.57% | +5.99% |
| Change | -22.05 | -13.42 | -2.30 | - | +0.31 | +3.37 | +35.60 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 584.77 | 587.36 | 590.95 | 593.54 | 597.13 | 599.72 | 603.31 |
| Camarilla | 592.84 | 593.41 | 593.97 | 594.54 | 595.11 | 595.67 | 596.24 |
| Woodie | 585.27 | 587.61 | 591.45 | 593.79 | 597.63 | 599.97 | 603.81 |
| Fibonacci | 587.36 | 589.72 | 591.18 | 593.54 | 595.90 | 597.36 | 599.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 548.69 | 558.36 | 576.04 | 585.71 | 603.39 | 613.06 | 630.74 |
| Camarilla | 586.21 | 588.72 | 591.22 | 593.73 | 596.24 | 598.74 | 601.25 |
| Woodie | 552.71 | 560.36 | 580.06 | 587.71 | 607.41 | 615.06 | 634.76 |
| Fibonacci | 558.36 | 568.80 | 575.26 | 585.71 | 596.15 | 602.61 | 613.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 516.09 | 537.95 | 554.10 | 575.96 | 592.11 | 613.97 | 630.12 |
| Camarilla | 559.79 | 563.27 | 566.76 | 570.24 | 573.72 | 577.21 | 580.69 |
| Woodie | 513.23 | 536.52 | 551.24 | 574.53 | 589.25 | 612.54 | 627.26 |
| Fibonacci | 537.95 | 552.47 | 561.44 | 575.96 | 590.48 | 599.45 | 613.97 |
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): | 61.39 | |
| MACD (12,26,9): | 1.6900 | |
| Directional Movement: | 8.59 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 594.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 589.78 | |
| Elder Ray (13): | 1.75 | |
| Super Trend (3,10): | 588.72 | |
| Zig ZAG (10): | 594.46 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 58.69 | |
| TEMA (21): | 593.95 | |
| Williams %R (14): | -26.30 | |
| Chande Momentum Oscillator (20): | -1.30 | |
| Repulse (5,40,3): | 0.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.50 |
| MA7: | 585.84 | |
| MA20: | 584.21 | |
| MA50: | 584.94 | |
| MA100: | 586.19 | |
| MAexp7: | 592.79 | |
| MAexp20: | 591.61 | |
| MAexp50: | 588.41 | |
| MAexp100: | 586.12 | |
| Price / MA7: | +1.47% | |
| Price / MA20: | +1.75% | |
| Price / MA50: | +1.63% | |
| Price / MA100: | +1.41% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +1.03% | |
| Price / MAexp100: | +1.42% |
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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