SBF 120 - 1H - Technical analysis published on 10/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 5,790.11 EUR
My targets
5,708.53 EUR (-0.48%)
5,677.89 EUR (-1.02%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SBF 120 as long as the price remains well below 5,790.11 EUR. The sellers' bearish objective is set at 5,708.53 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5,677.89 EUR. In case of crossing, the next objective would be the support located at 5,647.92 EUR.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.4
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SBF 120 rating is 5,736.15 EUR. The price registered a decrease of -0.02% on the session with the lowest point at 5,721.16 EUR and the highest point at 5,771.65 EUR. The deviation from the price is +0.26% for the low point and -0.62% for the high point.5,721.16
5,771.65
5,736.15
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SBF 120 indicates that the overall trend is bearish. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,647.92 | 5,677.89 | 5,708.53 | 5,736.15 | 5,745.89 | 5,790.11 | 5,838.26 |
| Change (%) | -1.54% | -1.02% | -0.48% | - | +0.17% | +0.94% | +1.78% |
| Change | -88.23 | -58.26 | -27.62 | - | +9.74 | +53.96 | +102.11 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,623.93 | 5,670.94 | 5,704.01 | 5,751.02 | 5,784.09 | 5,831.10 | 5,864.17 |
| Camarilla | 5,715.07 | 5,722.41 | 5,729.75 | 5,737.09 | 5,744.43 | 5,751.77 | 5,759.11 |
| Woodie | 5,616.97 | 5,667.46 | 5,697.05 | 5,747.54 | 5,777.13 | 5,827.62 | 5,857.21 |
| Fibonacci | 5,670.94 | 5,701.53 | 5,720.43 | 5,751.02 | 5,781.61 | 5,800.51 | 5,831.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,476.66 | 5,565.59 | 5,733.27 | 5,822.20 | 5,989.88 | 6,078.81 | 6,246.49 |
| Camarilla | 5,830.37 | 5,853.90 | 5,877.42 | 5,900.94 | 5,924.46 | 5,947.99 | 5,971.51 |
| Woodie | 5,516.03 | 5,585.28 | 5,772.64 | 5,841.89 | 6,029.25 | 6,098.50 | 6,285.86 |
| Fibonacci | 5,565.59 | 5,663.62 | 5,724.18 | 5,822.20 | 5,920.23 | 5,980.79 | 6,078.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,253.86 | 5,411.24 | 5,596.37 | 5,753.75 | 5,938.88 | 6,096.26 | 6,281.39 |
| Camarilla | 5,687.30 | 5,718.70 | 5,750.09 | 5,781.49 | 5,812.89 | 5,844.28 | 5,875.68 |
| Woodie | 5,267.73 | 5,418.18 | 5,610.24 | 5,760.69 | 5,952.75 | 6,103.20 | 6,295.26 |
| Fibonacci | 5,411.24 | 5,542.08 | 5,622.92 | 5,753.75 | 5,884.59 | 5,965.43 | 6,096.26 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.34 | |
| MACD (12,26,9): | -20.9100 | |
| Directional Movement: | -22.72 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 5,745.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,783.24 | |
| Elder Ray (13): | -26.19 | |
| Super Trend (3,10): | 5,792.78 | |
| Zig ZAG (10): | 5,725.42 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 19.41 | |
| TEMA (21): | 5,724.48 | |
| Williams %R (14): | -92.69 | |
| Chande Momentum Oscillator (20): | -52.99 | |
| Repulse (5,40,3): | -0.5700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.63 |
| MA7: | 5,785.40 | |
| MA20: | 5,700.09 | |
| MA50: | 5,662.70 | |
| MA100: | 5,775.35 | |
| MAexp7: | 5,743.60 | |
| MAexp20: | 5,769.90 | |
| MAexp50: | 5,780.53 | |
| MAexp100: | 5,762.25 | |
| Price / MA7: | -0.85% | |
| Price / MA20: | +0.63% | |
| Price / MA50: | +1.30% | |
| Price / MA100: | -0.68% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.58% | |
| Price / MAexp50: | -0.77% | |
| Price / MAexp100: | -0.45% |
Quotes :
-
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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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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