ESTOXX50 PRICE EUR INDEX - 1H - Technical analysis published on 04/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
6%
56%
My opinion
Bullish above 4,297.40 EUR
My targets
4,401.49 EUR (+2.04%)
My analysis
The bullish trend is currently very strong on ESTOXX50 PRICE EUR INDEX. As long as the price remains above the support at 4,297.40 EUR, you could try to benefit from the boom. The first bullish objective is located at 4,401.49 EUR. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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Additional analysis
Quotes
The ESTOXX50 PRICE EUR INDEX price is 4,313.48 EUR. The price registered a decrease of -0.04% on the session and was traded between 4,310.71 EUR and 4,329.29 EUR over the period. The price is currently at +0.06% from its lowest and -0.37% from its highest.4,310.71
4,329.29
4,313.48
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ESTOXX50 PRICE EUR INDEX indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4,214.40 | 4,246.13 | 4,297.40 | 4,313.48 | 4,323.82 | 4,401.49 |
| Change (%) | -2.30% | -1.56% | -0.37% | - | +0.24% | +2.04% |
| Change | -99.08 | -67.35 | -16.08 | - | +10.34 | +88.01 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,240.10 | 4,259.20 | 4,287.13 | 4,306.23 | 4,334.16 | 4,353.26 | 4,381.19 |
| Camarilla | 4,302.12 | 4,306.43 | 4,310.74 | 4,315.05 | 4,319.36 | 4,323.67 | 4,327.98 |
| Woodie | 4,244.51 | 4,261.41 | 4,291.54 | 4,308.44 | 4,338.57 | 4,355.47 | 4,385.60 |
| Fibonacci | 4,259.20 | 4,277.17 | 4,288.27 | 4,306.23 | 4,324.20 | 4,335.30 | 4,353.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,999.25 | 4,066.52 | 4,190.79 | 4,258.06 | 4,382.33 | 4,449.60 | 4,573.87 |
| Camarilla | 4,262.38 | 4,279.93 | 4,297.49 | 4,315.05 | 4,332.61 | 4,350.17 | 4,367.72 |
| Woodie | 4,027.74 | 4,080.77 | 4,219.28 | 4,272.31 | 4,410.82 | 4,463.85 | 4,602.36 |
| Fibonacci | 4,066.52 | 4,139.69 | 4,184.90 | 4,258.06 | 4,331.23 | 4,376.44 | 4,449.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,744.48 | 3,862.71 | 4,088.88 | 4,207.11 | 4,433.28 | 4,551.51 | 4,777.68 |
| Camarilla | 4,220.34 | 4,251.91 | 4,283.48 | 4,315.05 | 4,346.62 | 4,378.19 | 4,409.76 |
| Woodie | 3,798.45 | 3,889.70 | 4,142.85 | 4,234.10 | 4,487.25 | 4,578.50 | 4,831.65 |
| Fibonacci | 3,862.71 | 3,994.27 | 4,075.55 | 4,207.11 | 4,338.67 | 4,419.95 | 4,551.51 |
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): | 65.85 | |
| MACD (12,26,9): | 20.3300 | |
| Directional Movement: | 14.49 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 4,333.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,327.68 | |
| Elder Ray (13): | 0.92 | |
| Super Trend (3,10): | 4,289.95 | |
| Zig ZAG (10): | 4,315.98 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 66.20 | |
| TEMA (21): | 4,329.99 | |
| Williams %R (14): | -45.47 | |
| Chande Momentum Oscillator (20): | 15.17 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.28 |
| MA7: | 4,230.57 | |
| MA20: | 4,194.60 | |
| MA50: | 4,213.90 | |
| MA100: | 4,083.70 | |
| MAexp7: | 4,318.50 | |
| MAexp20: | 4,303.57 | |
| MAexp50: | 4,261.32 | |
| MAexp100: | 4,226.41 | |
| Price / MA7: | +1.96% | |
| Price / MA20: | +2.83% | |
| Price / MA50: | +2.36% | |
| Price / MA100: | +5.63% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +1.22% | |
| Price / MAexp100: | +2.06% |
Quotes :
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15 min delayed data
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STOXX Indices
News
Don't forget to follow the news on ESTOXX50 PRICE EUR INDEX. At the time of publication of this analysis, the latest news was as follows:
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DAX and Euro Stoxx 50 Forecast May 5, 2022
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Euro Stoxx 50 Forecast April 18, 2022
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Euro Stoxx 50 Forecast April 12, 2022
-
Will the Euro Stoxx 50 continue to rally? – 27th June 2019
-
Is the Euro Stoxx 50 about to turn lower? – 28th March 2019
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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