TECH ALL SHARE PERF INDEX - 1H - Technical analysis published on 08/09/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 3,886.33 EUR
My targets
3,822.70 EUR (-0.93%)
3,751.28 EUR (-2.78%)
My analysis
The bearish trend is currently very strong for TECH ALL SHARE PERF INDEX. As long as the price remains below the resistance at 3,886.33 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 3,822.70 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3,751.28 EUR as an objective. Crossing it would then enable sellers to target 3,667.13 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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Additional analysis
Quotes
TECH ALL SHARE PERF INDEX rating 3,858.58 EUR. On the day, this instrument lost -0.01% and was between 3,858.00 EUR and 3,891.92 EUR. This implies that the price is at +0.02% from its lowest and at -0.86% from its highest.3,858.00
3,891.92
3,858.58
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this TECH ALL SHARE PERF INDEX chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Downside gap
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,667.13 | 3,751.28 | 3,822.70 | 3,858.58 | 3,886.33 | 3,932.89 | 3,967.45 |
| Change (%) | -4.96% | -2.78% | -0.93% | - | +0.72% | +1.93% | +2.82% |
| Change | -191.45 | -107.30 | -35.88 | - | +27.75 | +74.31 | +108.87 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,825.92 | 3,841.61 | 3,850.19 | 3,865.88 | 3,874.46 | 3,890.15 | 3,898.73 |
| Camarilla | 3,852.11 | 3,854.33 | 3,856.56 | 3,858.78 | 3,861.01 | 3,863.23 | 3,865.45 |
| Woodie | 3,822.38 | 3,839.83 | 3,846.65 | 3,864.10 | 3,870.92 | 3,888.37 | 3,895.19 |
| Fibonacci | 3,841.61 | 3,850.88 | 3,856.61 | 3,865.88 | 3,875.15 | 3,880.88 | 3,890.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,733.49 | 3,809.09 | 3,864.63 | 3,940.23 | 3,995.77 | 4,071.37 | 4,126.91 |
| Camarilla | 3,884.12 | 3,896.14 | 3,908.16 | 3,920.18 | 3,932.20 | 3,944.22 | 3,956.24 |
| Woodie | 3,723.47 | 3,804.08 | 3,854.61 | 3,935.22 | 3,985.75 | 4,066.36 | 4,116.89 |
| Fibonacci | 3,809.09 | 3,859.18 | 3,890.13 | 3,940.23 | 3,990.32 | 4,021.27 | 4,071.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,506.76 | 3,617.98 | 3,813.02 | 3,924.24 | 4,119.28 | 4,230.50 | 4,425.54 |
| Camarilla | 3,923.83 | 3,951.90 | 3,979.98 | 4,008.05 | 4,036.12 | 4,064.20 | 4,092.27 |
| Woodie | 3,548.66 | 3,638.94 | 3,854.92 | 3,945.20 | 4,161.18 | 4,251.46 | 4,467.44 |
| Fibonacci | 3,617.98 | 3,734.98 | 3,807.25 | 3,924.24 | 4,041.24 | 4,113.51 | 4,230.50 |
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): | 39.33 | |
| MACD (12,26,9): | -9.7500 | |
| Directional Movement: | -13.84 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 3,866.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,863.07 | |
| Elder Ray (13): | -9.34 | |
| Super Trend (3,10): | 3,856.00 | |
| Zig ZAG (10): | 3,867.16 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 34.79 | |
| TEMA (21): | 3,869.00 | |
| Williams %R (14): | -73.98 | |
| Chande Momentum Oscillator (20): | -7.66 | |
| Repulse (5,40,3): | -0.3600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.56 |
| MA7: | 3,910.73 | |
| MA20: | 3,939.02 | |
| MA50: | 3,913.95 | |
| MA100: | 3,944.10 | |
| MAexp7: | 3,872.73 | |
| MAexp20: | 3,880.81 | |
| MAexp50: | 3,902.93 | |
| MAexp100: | 3,919.24 | |
| Price / MA7: | -1.33% | |
| Price / MA20: | -2.04% | |
| Price / MA50: | -1.41% | |
| Price / MA100: | -2.17% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -0.57% | |
| Price / MAexp50: | -1.14% | |
| Price / MAexp100: | -1.55% |
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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