PSI20 INDEX

- EUR (-)

- 15 min delayed data - Euronext Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	PSI20
ISIN:	PTING0200002

PSI20 INDEX - Daily - Technical analysis published on 05/13/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 4,260.13 EUR

My targets

4,035.94 EUR (-1.42%)

3,791.19 EUR (-7.39%)

My analysis

PSI20 INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4,260.13 EUR. The next support located at 4,035.94 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3,791.19 EUR. Below this support, sellers could then target 3,596.08 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

FORCE

6.8

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

PSI20 INDEX rating 4,093.90 EUR. On the day, this instrument lost -1.40% and was traded between 4,075.55 EUR and 4,103.02 EUR over the period. The price is currently at +0.45% from its lowest and -0.22% from its highest.

4,075.55

4,103.02

4,093.90

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of PSI20 INDEX indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	3,596.08	4,035.94	4,093.90	4,260.13	4,727.99	5,073.91
Change (%)	-12.16%	-1.42%	-	+4.06%	+15.49%	+23.94%
Change	-497.82	-57.96	-	+166.23	+634.09	+980.01
Level	Major	Intermediate	-	Major	Major	Intermediate

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	4,093.02	4,119.85	4,136.00	4,162.83	4,178.98	4,205.81	4,221.96
Camarilla	4,140.33	4,144.27	4,148.21	4,152.15	4,156.09	4,160.03	4,163.97
Woodie	4,087.68	4,117.18	4,130.66	4,160.16	4,173.64	4,203.14	4,216.62
Fibonacci	4,119.85	4,136.27	4,146.41	4,162.83	4,179.25	4,189.39	4,205.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,038.10	4,093.98	4,166.19	4,222.07	4,294.28	4,350.16	4,422.37
Camarilla	4,203.18	4,214.92	4,226.66	4,238.40	4,250.14	4,261.88	4,273.63
Woodie	4,046.26	4,098.06	4,174.36	4,226.15	4,302.45	4,354.24	4,430.54
Fibonacci	4,093.98	4,142.91	4,173.14	4,222.07	4,271.00	4,301.23	4,350.16

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,631.83	3,791.19	4,037.69	4,197.05	4,443.55	4,602.91	4,849.41
Camarilla	4,172.57	4,209.77	4,246.98	4,284.18	4,321.38	4,358.59	4,395.79
Woodie	3,675.39	3,812.98	4,081.25	4,218.84	4,487.11	4,624.70	4,892.97
Fibonacci	3,791.19	3,946.23	4,042.02	4,197.05	4,352.09	4,447.88	4,602.91

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.74
MACD (12,26,9):	1.6800
Directional Movement:	-3.68
AROON (14):	42.86
DEMA (21):	4,164.75
Parabolic SAR (0,02-0,02-0,2):	4,352.23
Elder Ray (13):	-85.01
Super Trend (3,10):	4,005.71
Zig ZAG (10):	4,086.88
VORTEX (21):	0.9300
Stochastique (14,3,5):	32.48
TEMA (21):	4,233.12
Williams %R (14):	-93.66
Chande Momentum Oscillator (20):	-23.73
Repulse (5,40,3):	-1.1000
ROCnROLL:	2
TRIX (15,9):	0.0500
Courbe Coppock:	3.13

MA7:	4,188.21
MA20:	4,169.44
MA50:	4,127.25
MA100:	4,690.05
MAexp7:	4,171.07
MAexp20:	4,167.58
MAexp50:	4,279.03
MAexp100:	4,517.80
Price / MA7:	-2.25%
Price / MA20:	-1.81%
Price / MA50:	-0.81%
Price / MA100:	-12.71%
Price / MAexp7:	-1.85%
Price / MAexp20:	-1.77%
Price / MAexp50:	-4.33%
Price / MAexp100:	-9.38%

This member declared not having a position on this financial instrument or a related financial instrument.

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