TECH ALL SHARE PERF INDEX - 1H - Technical analysis published on 10/26/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 3,563.31 EUR
My targets
3,723.88 EUR (+2.41%)
3,804.83 EUR (+4.64%)
My analysis
TECH ALL SHARE PERF INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3,563.31 EUR. The next resistance located at 3,723.88 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3,804.83 EUR. After this resistance, buyers could then target 3,932.57 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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Additional analysis
Quotes
The TECH ALL SHARE PERF INDEX price is 3,636.10 EUR. The price registered a decrease of -0.04% on the session and was between 3,616.58 EUR and 3,671.08 EUR. This implies that the price is at +0.54% from its lowest and at -0.95% from its highest.3,616.58
3,671.08
3,636.10
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TECH ALL SHARE PERF INDEX:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of TECH ALL SHARE PERF INDEX in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,430.96 | 3,533.07 | 3,563.31 | 3,636.10 | 3,932.57 | 4,312.98 | 4,587.79 |
| Change (%) | -5.64% | -2.83% | -2.00% | - | +8.15% | +18.62% | +26.17% |
| Change | -205.14 | -103.03 | -72.79 | - | +296.47 | +676.88 | +951.69 |
| Level | Major | Major | Minor | - | Major | Intermediate | 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 | 3,465.26 | 3,500.54 | 3,569.01 | 3,604.29 | 3,672.76 | 3,708.04 | 3,776.51 |
| Camarilla | 3,608.94 | 3,618.45 | 3,627.96 | 3,637.47 | 3,646.98 | 3,656.49 | 3,666.00 |
| Woodie | 3,481.85 | 3,508.84 | 3,585.60 | 3,612.59 | 3,689.35 | 3,716.34 | 3,793.10 |
| Fibonacci | 3,500.54 | 3,540.18 | 3,564.66 | 3,604.29 | 3,643.93 | 3,668.41 | 3,708.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,224.92 | 3,310.76 | 3,391.24 | 3,477.08 | 3,557.56 | 3,643.40 | 3,723.88 |
| Camarilla | 3,425.98 | 3,441.23 | 3,456.47 | 3,471.72 | 3,486.97 | 3,502.21 | 3,517.46 |
| Woodie | 3,222.24 | 3,309.42 | 3,388.56 | 3,475.74 | 3,554.88 | 3,642.06 | 3,721.20 |
| Fibonacci | 3,310.76 | 3,374.29 | 3,413.55 | 3,477.08 | 3,540.61 | 3,579.87 | 3,643.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,552.63 | 2,937.67 | 3,178.73 | 3,563.77 | 3,804.83 | 4,189.87 | 4,430.93 |
| Camarilla | 3,247.62 | 3,305.02 | 3,362.41 | 3,419.80 | 3,477.19 | 3,534.59 | 3,591.98 |
| Woodie | 2,480.65 | 2,901.68 | 3,106.75 | 3,527.78 | 3,732.85 | 4,153.88 | 4,358.95 |
| Fibonacci | 2,937.67 | 3,176.84 | 3,324.60 | 3,563.77 | 3,802.94 | 3,950.70 | 4,189.87 |
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): | 75.28 | |
| MACD (12,26,9): | 42.7300 | |
| Directional Movement: | 29.01 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 3,649.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,636.15 | |
| Elder Ray (13): | 27.68 | |
| Super Trend (3,10): | 3,601.49 | |
| Zig ZAG (10): | 3,649.07 | |
| VORTEX (21): | 1.3600 | |
| Stochastique (14,3,5): | 82.77 | |
| TEMA (21): | 3,669.64 | |
| Williams %R (14): | -17.56 | |
| Chande Momentum Oscillator (20): | 99.08 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 6.55 |
| MA7: | 3,539.41 | |
| MA20: | 3,474.34 | |
| MA50: | 3,657.50 | |
| MA100: | 3,845.80 | |
| MAexp7: | 3,641.01 | |
| MAexp20: | 3,595.59 | |
| MAexp50: | 3,539.66 | |
| MAexp100: | 3,505.73 | |
| Price / MA7: | +2.73% | |
| Price / MA20: | +4.66% | |
| Price / MA50: | -0.59% | |
| Price / MA100: | -5.45% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | +1.13% | |
| Price / MAexp50: | +2.72% | |
| Price / MAexp100: | +3.72% |
Quotes :
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15 min delayed data
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Germany 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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