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PSI20 INDEX
PSI20 INDEX
244.58 EUR (-2.60%)
03/07/2025 - 15:26 Open 15 min delayed data - Euronext Indices
Open: 250.11
Change: -6.54
Volume: 185,042
Low: 243.92
High: 250.11
High / Low range: 6.19
Type: Indices
Ticker: PSI20
ISIN: PTING0200002

PSI20 INDEX - 1H - Technical analysis published on 11/27/2024 (GMT)

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  • 11/27/2024 - 16:20
Londinia
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  • Timeframe : 1H
  • - Analysis generated on 11/27/2024 - 16:20
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 6,381.47 EUR
My targets
6,435.00 EUR (+0.43%)
6,480.06 EUR (+1.14%)
My analysis
A bullish trend on PSI20 INDEX both in substance and in the short term. A purchase could be considered as long as the price remains above 6,381.47 EUR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 6,435.00 EUR. Then the price could move towards 6,480.06 EUR. Then 6,506.91 EUR by extension. Be careful, a return below 6,381.47 EUR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.4

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The PSI20 INDEX rating is 6,407.15 EUR. On the day, this instrument lost -0.13% and was between 6,358.67 EUR and 6,407.87 EUR. This implies that the price is at +0.76% from its lowest and at -0.01% from its highest.

6,358.67
6,407.87
6,407.15

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
Created with Raphaël 2.3.0-7.507.51522.5January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

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 bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



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.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6,315.37 6,344.80 6,381.47 6,407.15 6,435.00 6,480.06 6,506.91
Change (%) -1.43% -0.97% -0.40% - +0.43% +1.14% +1.56%
Change -91.78 -62.35 -25.68 - +27.85 +72.91 +99.76
Level Major Major Intermediate - Major Minor Minor



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
Standard6,344.826,370.006,392.706,417.886,440.586,465.766,488.46
Camarilla6,402.236,406.626,411.016,415.406,419.796,424.186,428.57
Woodie6,343.586,369.386,391.466,417.266,439.346,465.146,487.22
Fibonacci6,370.006,388.296,399.596,417.886,436.176,447.476,465.76


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6,179.166,246.516,327.756,395.106,476.346,543.696,624.93
Camarilla6,368.146,381.766,395.386,409.006,422.626,436.246,449.86
Woodie6,186.126,249.986,334.716,398.576,483.306,547.166,631.89
Fibonacci6,246.516,303.276,338.346,395.106,451.866,486.936,543.69


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,938.776,159.966,346.366,567.556,753.956,975.147,161.54
Camarilla6,420.686,458.056,495.416,532.776,570.136,607.506,644.86
Woodie5,921.396,151.266,328.986,558.856,736.576,966.447,144.16
Fibonacci6,159.966,315.666,411.856,567.556,723.256,819.446,975.14

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
Created with Raphaël 2.3.0Buy8
Moving averages
Created with Raphaël 2.3.0Buy19

RSI (14): 49.58
MACD (12,26,9): -3.3500
Directional Movement: -4.30
AROON (14): -42.86
DEMA (21): 6,401.92
Parabolic SAR (0,02-0,02-0,2): 6,426.62
Elder Ray (13): 1.42
Super Trend (3,10): 6,430.83
Zig ZAG (10): 6,403.57
VORTEX (21): 1.0500
Stochastique (14,3,5): 49.46
TEMA (21): 6,393.92
Williams %R (14): -42.23
Chande Momentum Oscillator (20): -24.53
Repulse (5,40,3): 0.3900
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.97
MA7: 6,391.88
MA20: 6,416.91
MA50: 6,564.54
MA100: 6,636.51
MAexp7: 6,399.94
MAexp20: 6,403.41
MAexp50: 6,400.18
MAexp100: 6,402.97
Price / MA7: +0.24%
Price / MA20: -0.15%
Price / MA50: -2.40%
Price / MA100: -3.46%
Price / MAexp7: +0.11%
Price / MAexp20: +0.06%
Price / MAexp50: +0.11%
Price / MAexp100: +0.07%

Quotes : 11/27/2024 - 16:04 - 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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