EURONEXT 100 - 1H - Technical analysis published on 08/14/2023 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1,388.09 EUR
My targets
1,351.85 EUR (-0.94%)
1,325.71 EUR (-2.85%)
My analysis
The bearish trend is currently very strong for EURONEXT 100. As long as the price remains below the resistance at 1,388.09 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,351.85 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,325.71 EUR as an objective. Crossing it would then enable sellers to target 1,281.21 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EURONEXT 100 rating 1,364.63 EUR. The price is lower by -0.02% since the last closing with the lowest point at 1,358.24 EUR and the highest point at 1,368.95 EUR. The deviation from the price is +0.47% for the low point and -0.32% for the high point.1,358.24
1,368.95
1,364.63
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EURONEXT 100:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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 EURONEXT 100 indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,325.71 | 1,351.85 | 1,362.12 | 1,364.63 | 1,367.39 | 1,388.09 | 1,394.10 |
| Change (%) | -2.85% | -0.94% | -0.18% | - | +0.20% | +1.72% | +2.16% |
| Change | -38.92 | -12.78 | -2.51 | - | +2.76 | +23.46 | +29.47 |
| Level | Major | Major | Minor | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,336.19 | 1,348.75 | 1,356.82 | 1,369.38 | 1,377.45 | 1,390.01 | 1,398.08 |
| Camarilla | 1,359.22 | 1,361.11 | 1,363.00 | 1,364.89 | 1,366.78 | 1,368.67 | 1,370.56 |
| Woodie | 1,333.95 | 1,347.63 | 1,354.58 | 1,368.26 | 1,375.21 | 1,388.89 | 1,395.84 |
| Fibonacci | 1,348.75 | 1,356.63 | 1,361.50 | 1,369.38 | 1,377.26 | 1,382.13 | 1,390.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,307.28 | 1,328.20 | 1,346.55 | 1,367.47 | 1,385.82 | 1,406.74 | 1,425.09 |
| Camarilla | 1,354.09 | 1,357.69 | 1,361.29 | 1,364.89 | 1,368.49 | 1,372.09 | 1,375.69 |
| Woodie | 1,305.99 | 1,327.56 | 1,345.26 | 1,366.83 | 1,384.53 | 1,406.10 | 1,423.80 |
| Fibonacci | 1,328.20 | 1,343.20 | 1,352.47 | 1,367.47 | 1,382.47 | 1,391.74 | 1,406.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,260.35 | 1,290.41 | 1,345.88 | 1,375.94 | 1,431.41 | 1,461.47 | 1,516.94 |
| Camarilla | 1,377.82 | 1,385.66 | 1,393.50 | 1,401.34 | 1,409.18 | 1,417.02 | 1,424.86 |
| Woodie | 1,273.05 | 1,296.76 | 1,358.58 | 1,382.29 | 1,444.11 | 1,467.82 | 1,529.64 |
| Fibonacci | 1,290.41 | 1,323.09 | 1,343.27 | 1,375.94 | 1,408.62 | 1,428.80 | 1,461.47 |
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): | 43.19 | |
| MACD (12,26,9): | -2.1500 | |
| Directional Movement: | -18.15 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 1,364.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,370.43 | |
| Elder Ray (13): | -3.93 | |
| Super Trend (3,10): | 1,373.57 | |
| Zig ZAG (10): | 1,363.82 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 25.02 | |
| TEMA (21): | 1,362.60 | |
| Williams %R (14): | -62.91 | |
| Chande Momentum Oscillator (20): | -5.34 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.32 |
| MA7: | 1,367.90 | |
| MA20: | 1,378.50 | |
| MA50: | 1,365.23 | |
| MA100: | 1,362.32 | |
| MAexp7: | 1,364.37 | |
| MAexp20: | 1,367.08 | |
| MAexp50: | 1,369.09 | |
| MAexp100: | 1,371.41 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | -1.01% | |
| Price / MA50: | -0.04% | |
| Price / MA100: | +0.17% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | -0.49% |
Quotes :
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15 min delayed data
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Euronext Indices
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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