PSI20 INDEX - 1H - Technical analysis published on 12/22/2022 (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:
Bullish
Underlying:
Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 5,690.38 EUR
My targets
5,820.07 EUR (+0.98%)
5,860.91 EUR (+1.69%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on PSI20 INDEX as long as the price remains well above 5,690.38 EUR. The buyers' bullish objective is set at 5,820.07 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5,860.91 EUR. If there is any crossing, the next objective would be the resistance located at 5,894.44 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PSI20 INDEX price is 5,763.54 EUR. On the day, this instrument lost -0.03% and was between 5,756.27 EUR and 5,809.14 EUR. This implies that the price is at +0.13% from its lowest and at -0.78% from its highest.5,756.27
5,809.14
5,763.54
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PSI20 INDEX:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of PSI20 INDEX indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,622.56 | 5,657.98 | 5,690.38 | 5,763.54 | 5,773.44 | 5,820.07 | 5,860.91 |
| Change (%) | -2.45% | -1.83% | -1.27% | - | +0.17% | +0.98% | +1.69% |
| Change | -140.98 | -105.56 | -73.16 | - | +9.90 | +56.53 | +97.37 |
| Level | Minor | Minor | Minor | - | Major | Minor | 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 | 5,690.62 | 5,723.45 | 5,743.49 | 5,776.32 | 5,796.36 | 5,829.19 | 5,849.23 |
| Camarilla | 5,749.00 | 5,753.85 | 5,758.69 | 5,763.54 | 5,768.39 | 5,773.23 | 5,778.08 |
| Woodie | 5,684.24 | 5,720.25 | 5,737.11 | 5,773.12 | 5,789.98 | 5,825.99 | 5,842.85 |
| Fibonacci | 5,723.45 | 5,743.64 | 5,756.12 | 5,776.32 | 5,796.51 | 5,808.99 | 5,829.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,350.87 | 5,486.71 | 5,588.04 | 5,723.88 | 5,825.21 | 5,961.05 | 6,062.38 |
| Camarilla | 5,624.14 | 5,645.88 | 5,667.62 | 5,689.36 | 5,711.10 | 5,732.84 | 5,754.58 |
| Woodie | 5,333.61 | 5,478.08 | 5,570.78 | 5,715.25 | 5,807.95 | 5,952.42 | 6,045.12 |
| Fibonacci | 5,486.71 | 5,577.31 | 5,633.28 | 5,723.88 | 5,814.48 | 5,870.45 | 5,961.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,466.98 | 5,565.42 | 5,714.06 | 5,812.50 | 5,961.14 | 6,059.58 | 6,208.22 |
| Camarilla | 5,794.74 | 5,817.39 | 5,840.04 | 5,862.69 | 5,885.34 | 5,907.99 | 5,930.64 |
| Woodie | 5,492.07 | 5,577.97 | 5,739.15 | 5,825.05 | 5,986.23 | 6,072.13 | 6,233.31 |
| Fibonacci | 5,565.42 | 5,659.81 | 5,718.12 | 5,812.50 | 5,906.89 | 5,965.20 | 6,059.58 |
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): | 51.36 | |
| MACD (12,26,9): | 14.7100 | |
| Directional Movement: | 2.24 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 5,782.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,809.14 | |
| Elder Ray (13): | -10.64 | |
| Super Trend (3,10): | 5,749.19 | |
| Zig ZAG (10): | 5,763.54 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 52.88 | |
| TEMA (21): | 5,791.49 | |
| Williams %R (14): | -51.41 | |
| Chande Momentum Oscillator (20): | 37.15 | |
| Repulse (5,40,3): | -0.2800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.65 |
| MA7: | 5,740.13 | |
| MA20: | 5,796.46 | |
| MA50: | 5,732.82 | |
| MA100: | 5,795.76 | |
| MAexp7: | 5,775.09 | |
| MAexp20: | 5,762.13 | |
| MAexp50: | 5,748.50 | |
| MAexp100: | 5,758.23 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | +0.54% | |
| Price / MA100: | -0.56% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.09% |
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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