PSI20 INDEX - 1H - Technical analysis published on 08/04/2020 (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
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 4,361.53 EUR
My targets
4,395.38 EUR (+0.47%)
4,419.93 EUR (+1.03%)
My analysis
The strong short-term increase in PSI20 INDEX calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 4,361.53 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 4,395.38 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4,419.93 EUR as an objective. Crossing it would then enable buyers to target 4,475.13 EUR. Caution, a return under 4,361.53 EUR could jeopardize the reversal.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PSI20 INDEX rating 4,374.70 EUR. On the day, this instrument gained +0.62% and was between 4,360.58 EUR and 4,387.80 EUR. This implies that the price is at +0.32% from its lowest and at -0.30% from its highest.4,360.58
4,387.80
4,374.70
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of PSI20 INDEX in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,958.57 | 4,260.13 | 4,361.53 | 4,374.70 | 4,395.38 | 4,419.93 | 4,475.13 |
| Change (%) | -9.51% | -2.62% | -0.30% | - | +0.47% | +1.03% | +2.30% |
| Change | -416.13 | -114.57 | -13.17 | - | +20.68 | +45.23 | +100.43 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,184.65 | 4,220.06 | 4,283.96 | 4,319.37 | 4,383.27 | 4,418.68 | 4,482.58 |
| Camarilla | 4,320.54 | 4,329.64 | 4,338.75 | 4,347.85 | 4,356.95 | 4,366.06 | 4,375.16 |
| Woodie | 4,198.89 | 4,227.18 | 4,298.20 | 4,326.49 | 4,397.51 | 4,425.80 | 4,496.82 |
| Fibonacci | 4,220.06 | 4,258.00 | 4,281.44 | 4,319.37 | 4,357.31 | 4,380.75 | 4,418.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,017.99 | 4,150.28 | 4,223.05 | 4,355.34 | 4,428.11 | 4,560.40 | 4,633.17 |
| Camarilla | 4,239.43 | 4,258.23 | 4,277.02 | 4,295.82 | 4,314.62 | 4,333.41 | 4,352.21 |
| Woodie | 3,988.23 | 4,135.40 | 4,193.29 | 4,340.46 | 4,398.35 | 4,545.52 | 4,603.41 |
| Fibonacci | 4,150.28 | 4,228.61 | 4,277.01 | 4,355.34 | 4,433.67 | 4,482.07 | 4,560.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,905.98 | 4,094.27 | 4,195.05 | 4,383.34 | 4,484.12 | 4,672.41 | 4,773.19 |
| Camarilla | 4,216.33 | 4,242.82 | 4,269.32 | 4,295.82 | 4,322.32 | 4,348.82 | 4,375.31 |
| Woodie | 3,862.21 | 4,072.39 | 4,151.29 | 4,361.46 | 4,440.36 | 4,650.53 | 4,729.43 |
| Fibonacci | 4,094.27 | 4,204.70 | 4,272.92 | 4,383.34 | 4,493.77 | 4,561.99 | 4,672.41 |
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): | 58.31 | |
| MACD (12,26,9): | 0.3700 | |
| Directional Movement: | 6.67 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 4,339.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,279.30 | |
| Elder Ray (13): | 25.03 | |
| Super Trend (3,10): | 4,317.07 | |
| Zig ZAG (10): | 4,370.46 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 86.08 | |
| TEMA (21): | 4,357.98 | |
| Williams %R (14): | -12.92 | |
| Chande Momentum Oscillator (20): | 74.88 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.10 |
| MA7: | 4,368.32 | |
| MA20: | 4,442.95 | |
| MA50: | 4,438.80 | |
| MA100: | 4,251.37 | |
| MAexp7: | 4,356.51 | |
| MAexp20: | 4,344.54 | |
| MAexp50: | 4,368.89 | |
| MAexp100: | 4,401.78 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | -1.54% | |
| Price / MA50: | -1.44% | |
| Price / MA100: | +2.90% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | -0.62% |
Quotes :
2020-08-04 09:17:15
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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.
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