TECH ALL SHARE PERF INDEX - Daily - Technical analysis published on 05/22/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 3,943.53 EUR
My targets
4,165.30 EUR (+4.32%)
4,290.62 EUR (+7.46%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on TECH ALL SHARE PERF INDEX. This is a positive signal for buyers. As long as the price remains above 3,943.53 EUR, a purchase could be considered. The first bullish objective is located at 4,165.30 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4,290.62 EUR as an objective. Crossing it would then enable buyers to target 4,587.79 EUR. In the event of a return below 3,943.53 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.4
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Additional analysis
Quotes
The TECH ALL SHARE PERF INDEX rating is 3,992.71 EUR. On the day, this instrument lost -0.03% and was traded between 3,966.20 EUR and 3,993.19 EUR over the period. The price is currently at +0.67% from its lowest and -0.01% from its highest.3,966.20
3,993.19
3,992.71
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of TECH ALL SHARE PERF INDEX in Daily shows an overall bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,669.65 | 3,825.69 | 3,943.53 | 3,992.71 | 4,017.33 | 4,165.30 | 4,290.62 |
| Change (%) | -8.09% | -4.18% | -1.23% | - | +0.62% | +4.32% | +7.46% |
| Change | -323.06 | -167.02 | -49.18 | - | +24.62 | +172.59 | +297.91 |
| Level | Intermediate | Minor | Major | - | 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 | 3,933.81 | 3,949.51 | 3,971.61 | 3,987.31 | 4,009.41 | 4,025.11 | 4,047.21 |
| Camarilla | 3,983.32 | 3,986.78 | 3,990.25 | 3,993.71 | 3,997.18 | 4,000.64 | 4,004.11 |
| Woodie | 3,937.01 | 3,951.11 | 3,974.81 | 3,988.91 | 4,012.61 | 4,026.71 | 4,050.41 |
| Fibonacci | 3,949.51 | 3,963.95 | 3,972.87 | 3,987.31 | 4,001.75 | 4,010.67 | 4,025.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,823.33 | 3,861.12 | 3,927.42 | 3,965.21 | 4,031.51 | 4,069.30 | 4,135.60 |
| Camarilla | 3,965.09 | 3,974.63 | 3,984.17 | 3,993.71 | 4,003.25 | 4,012.79 | 4,022.34 |
| Woodie | 3,837.58 | 3,868.25 | 3,941.67 | 3,972.34 | 4,045.76 | 4,076.43 | 4,149.85 |
| Fibonacci | 3,861.12 | 3,900.89 | 3,925.45 | 3,965.21 | 4,004.98 | 4,029.54 | 4,069.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,735.21 | 3,821.81 | 3,905.11 | 3,991.71 | 4,075.01 | 4,161.61 | 4,244.91 |
| Camarilla | 3,941.69 | 3,957.26 | 3,972.84 | 3,988.41 | 4,003.98 | 4,019.56 | 4,035.13 |
| Woodie | 3,733.56 | 3,820.99 | 3,903.46 | 3,990.89 | 4,073.36 | 4,160.79 | 4,243.26 |
| Fibonacci | 3,821.81 | 3,886.71 | 3,926.81 | 3,991.71 | 4,056.61 | 4,096.71 | 4,161.61 |
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): | 52.62 | |
| MACD (12,26,9): | -7.8000 | |
| Directional Movement: | 2.29 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 3,951.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,903.08 | |
| Elder Ray (13): | 17.04 | |
| Super Trend (3,10): | 4,053.50 | |
| Zig ZAG (10): | 3,987.79 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 75.93 | |
| TEMA (21): | 3,956.05 | |
| Williams %R (14): | -14.00 | |
| Chande Momentum Oscillator (20): | 35.81 | |
| Repulse (5,40,3): | 1.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.35 |
| MA7: | 3,956.51 | |
| MA20: | 3,958.48 | |
| MA50: | 3,986.80 | |
| MA100: | 4,003.37 | |
| MAexp7: | 3,966.02 | |
| MAexp20: | 3,965.06 | |
| MAexp50: | 3,980.93 | |
| MAexp100: | 3,973.05 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +0.86% | |
| Price / MA50: | +0.15% | |
| Price / MA100: | -0.27% | |
| Price / MAexp7: | +0.67% | |
| Price / MAexp20: | +0.70% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.49% |
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.
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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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