PSI20 INDEX
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 - 1H - Technical analysis published on 08/03/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 5,988.18 EUR
My targets
5,927.49 EUR (-0.74%)
5,871.39 EUR (-1.68%)
My analysis
The bearish trend is currently very strong for PSI20 INDEX. As long as the price remains below the resistance at 5,988.18 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 5,927.49 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5,871.39 EUR as an objective. Crossing it would then enable sellers to target 5,776.08 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
6.3

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:
15 min. Daily Weekly

Additional analysis

Quotes

PSI20 INDEX rating 5,971.57 EUR. The price is lower by -0.12% since the last closing and was traded between 5,915.92 EUR and 5,977.25 EUR over the period. The price is currently at +0.94% from its lowest and -0.10% from its highest.

5,915.92
5,977.25
5,971.57

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

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

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 PSI20 INDEX indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5,776.08 5,871.39 5,927.49 5,971.57 5,988.18 6,068.92 6,157.73
Change (%) -3.27% -1.68% -0.74% - +0.28% +1.63% +3.12%
Change -195.49 -100.18 -44.08 - +16.61 +97.35 +186.16
Level Major Major Intermediate - Intermediate Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,866.515,919.085,949.036,001.606,031.556,084.126,114.07
Camarilla5,956.305,963.865,971.435,978.995,986.555,994.126,001.68
Woodie5,855.215,913.435,937.735,995.956,020.256,078.476,102.77
Fibonacci5,919.085,950.605,970.076,001.606,033.126,052.596,084.12


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,987.776,067.406,114.696,194.326,241.616,321.246,368.53
Camarilla6,127.096,138.726,150.366,161.996,173.626,185.266,196.89
Woodie5,971.616,059.326,098.536,186.246,225.456,313.166,352.37
Fibonacci6,067.406,115.886,145.836,194.326,242.806,272.756,321.24


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,505.955,687.285,911.296,092.626,316.636,497.966,721.97
Camarilla6,023.846,061.006,098.156,135.316,172.476,209.626,246.78
Woodie5,527.305,697.955,932.646,103.296,337.986,508.636,743.32
Fibonacci5,687.285,842.125,937.786,092.626,247.466,343.126,497.96

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): 33.61
MACD (12,26,9): -43.8400
Directional Movement: -22.33
AROON (14): -42.85
DEMA (21): 5,945.28
Parabolic SAR (0,02-0,02-0,2): 5,921.78
Elder Ray (13): -14.86
Super Trend (3,10): 5,999.33
Zig ZAG (10): 5,965.24
VORTEX (21): 0.7100
Stochastique (14,3,5): 37.91
TEMA (21): 5,935.77
Williams %R (14): -61.86
Chande Momentum Oscillator (20): -72.84
Repulse (5,40,3): 0.2100
ROCnROLL: 2
TRIX (15,9): -0.1100
Courbe Coppock: 3.14
MA7: 6,112.72
MA20: 6,069.77
MA50: 5,987.58
MA100: 6,015.16
MAexp7: 5,967.40
MAexp20: 6,004.60
MAexp50: 6,071.29
MAexp100: 6,096.25
Price / MA7: -2.31%
Price / MA20: -1.62%
Price / MA50: -0.27%
Price / MA100: -0.72%
Price / MAexp7: +0.07%
Price / MAexp20: -0.55%
Price / MAexp50: -1.64%
Price / MAexp100: -2.05%

Quotes : - 15 min delayed data - Euronext Indices

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

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