FTSEUROFIRST 80 - 1H - Technical analysis published on 01/10/2024 (GMT)
- 120
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
39%
11%
50%
My opinion
Neutral between 6,008.25 EUR and 6,075.67 EUR
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 6,008.25 EUR. The first resistance is located at 6,075.67 EUR. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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
FTSEUROFIRST 80 rating 6,057.30 EUR. The price is lower by -0.02% since the last closing with the lowest point at 6,046.80 EUR and the highest point at 6,080.35 EUR. The deviation from the price is +0.17% for the low point and -0.38% for the high point.6,046.80
6,080.35
6,057.30
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
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
A technical analysis in 1H of this FTSEUROFIRST 80 chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,988.62 | 6,008.25 | 6,053.79 | 6,057.30 | 6,075.67 | 6,164.39 | 6,184.17 |
| Change (%) | -1.13% | -0.81% | -0.06% | - | +0.30% | +1.77% | +2.09% |
| Change | -68.68 | -49.05 | -3.51 | - | +18.37 | +107.09 | +126.87 |
| Level | Intermediate | Minor | Minor | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,979.37 | 6,004.94 | 6,031.68 | 6,057.25 | 6,083.99 | 6,109.56 | 6,136.30 |
| Camarilla | 6,044.05 | 6,048.84 | 6,053.64 | 6,058.43 | 6,063.23 | 6,068.02 | 6,072.82 |
| Woodie | 5,979.97 | 6,005.23 | 6,032.28 | 6,057.54 | 6,084.59 | 6,109.85 | 6,136.90 |
| Fibonacci | 6,004.94 | 6,024.92 | 6,037.26 | 6,057.25 | 6,077.23 | 6,089.57 | 6,109.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,767.58 | 5,878.10 | 5,963.13 | 6,073.65 | 6,158.68 | 6,269.20 | 6,354.23 |
| Camarilla | 5,994.38 | 6,012.31 | 6,030.24 | 6,048.16 | 6,066.09 | 6,084.01 | 6,101.94 |
| Woodie | 5,754.84 | 5,871.73 | 5,950.39 | 6,067.28 | 6,145.94 | 6,262.83 | 6,341.49 |
| Fibonacci | 5,878.10 | 5,952.80 | 5,998.95 | 6,073.65 | 6,148.35 | 6,194.50 | 6,269.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,698.14 | 5,821.31 | 5,971.49 | 6,094.66 | 6,244.84 | 6,368.01 | 6,518.19 |
| Camarilla | 6,046.49 | 6,071.55 | 6,096.60 | 6,121.66 | 6,146.72 | 6,171.77 | 6,196.83 |
| Woodie | 5,711.64 | 5,828.06 | 5,984.99 | 6,101.41 | 6,258.34 | 6,374.76 | 6,531.69 |
| Fibonacci | 5,821.31 | 5,925.73 | 5,990.24 | 6,094.66 | 6,199.08 | 6,263.59 | 6,368.01 |
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): | 51.21 | |
| MACD (12,26,9): | 1.0200 | |
| Directional Movement: | -4.67 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 6,055.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,035.29 | |
| Elder Ray (13): | -0.91 | |
| Super Trend (3,10): | 6,022.76 | |
| Zig ZAG (10): | 6,057.13 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 44.54 | |
| TEMA (21): | 6,059.12 | |
| Williams %R (14): | -46.48 | |
| Chande Momentum Oscillator (20): | 16.07 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.21 |
| MA7: | 6,063.85 | |
| MA20: | 6,109.76 | |
| MA50: | 5,938.56 | |
| MA100: | 5,808.29 | |
| MAexp7: | 6,055.13 | |
| MAexp20: | 6,054.16 | |
| MAexp50: | 6,059.17 | |
| MAexp100: | 6,072.20 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.86% | |
| Price / MA50: | +2.00% | |
| Price / MA100: | +4.29% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.25% |
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.
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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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