EURONEXT 100 - 1H - Technical analysis published on 09/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 1,459.49 EUR
My targets
1,475.66 EUR (+0.34%)
1,485.61 EUR (+1.01%)
My analysis
EURONEXT 100 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,459.49 EUR. The next resistance located at 1,475.66 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,485.61 EUR. After this resistance, buyers could then target 1,494.71 EUR.
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
5.5
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 EURONEXT 100 price is 1,470.71 EUR. The price is lower by -0.05% since the last closing and was traded between 1,465.10 EUR and 1,472.85 EUR over the period. The price is currently at +0.38% from its lowest and -0.15% from its highest.1,465.10
1,472.85
1,470.71
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EURONEXT 100 in 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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 these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,390.77 | 1,440.74 | 1,459.49 | 1,470.71 | 1,475.66 | 1,485.61 | 1,494.71 |
| Change (%) | -5.44% | -2.04% | -0.76% | - | +0.34% | +1.01% | +1.63% |
| Change | -79.94 | -29.97 | -11.22 | - | +4.95 | +14.90 | +24.00 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,453.22 | 1,458.30 | 1,464.86 | 1,469.94 | 1,476.50 | 1,481.58 | 1,488.14 |
| Camarilla | 1,468.22 | 1,469.29 | 1,470.35 | 1,471.42 | 1,472.49 | 1,473.55 | 1,474.62 |
| Woodie | 1,453.96 | 1,458.67 | 1,465.60 | 1,470.31 | 1,477.24 | 1,481.95 | 1,488.88 |
| Fibonacci | 1,458.30 | 1,462.75 | 1,465.49 | 1,469.94 | 1,474.39 | 1,477.13 | 1,481.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,415.15 | 1,427.85 | 1,449.63 | 1,462.33 | 1,484.11 | 1,496.81 | 1,518.59 |
| Camarilla | 1,461.94 | 1,465.10 | 1,468.26 | 1,471.42 | 1,474.58 | 1,477.74 | 1,480.90 |
| Woodie | 1,419.70 | 1,430.12 | 1,454.18 | 1,464.60 | 1,488.66 | 1,499.08 | 1,523.14 |
| Fibonacci | 1,427.85 | 1,441.02 | 1,449.16 | 1,462.33 | 1,475.50 | 1,483.64 | 1,496.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,273.74 | 1,321.87 | 1,410.12 | 1,458.25 | 1,546.50 | 1,594.63 | 1,682.88 |
| Camarilla | 1,460.87 | 1,473.37 | 1,485.87 | 1,498.37 | 1,510.87 | 1,523.37 | 1,535.88 |
| Woodie | 1,293.80 | 1,331.90 | 1,430.18 | 1,468.28 | 1,566.56 | 1,604.66 | 1,702.94 |
| Fibonacci | 1,321.87 | 1,373.97 | 1,406.15 | 1,458.25 | 1,510.35 | 1,542.53 | 1,594.63 |
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): | 59.73 | |
| MACD (12,26,9): | 3.6200 | |
| Directional Movement: | 9.29 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1,471.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,459.76 | |
| Elder Ray (13): | 2.86 | |
| Super Trend (3,10): | 1,458.98 | |
| Zig ZAG (10): | 1,469.73 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 78.23 | |
| TEMA (21): | 1,473.11 | |
| Williams %R (14): | -29.18 | |
| Chande Momentum Oscillator (20): | 6.67 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.00 |
| MA7: | 1,456.10 | |
| MA20: | 1,473.27 | |
| MA50: | 1,471.75 | |
| MA100: | 1,497.49 | |
| MAexp7: | 1,469.81 | |
| MAexp20: | 1,466.43 | |
| MAexp50: | 1,463.48 | |
| MAexp100: | 1,465.61 | |
| Price / MA7: | +1.00% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | -0.07% | |
| Price / MA100: | -1.79% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.49% | |
| Price / MAexp100: | +0.35% |
Quotes :
-
15 min delayed data
-
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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