ESPRINET - Daily - Technical analysis published on 09/13/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 5.216 EUR
My targets
5.720 EUR (+3.81%)
6.781 EUR (+23.07%)
My analysis
ESPRINET 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 5.216 EUR. The next resistance located at 5.720 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 6.781 EUR. After this resistance, buyers could then target 7.674 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, 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
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ESPRINET price is 5.510 EUR. The price has increased by +5.15% since the last closing and was between 5.280 EUR and 5.515 EUR. This implies that the price is at +4.36% from its lowest and at -0.09% from its highest.5.280
5.515
5.510
Here is a more detailed summary of the historical variations registered by ESPRINET:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ESPRINET indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.075 | 5.216 | 5.443 | 5.510 | 5.720 | 7.674 | 9.240 |
| Change (%) | -7.89% | -5.34% | -1.22% | - | +3.81% | +39.27% | +67.70% |
| Change | -0.435 | -0.294 | -0.067 | - | +0.210 | +2.164 | +3.730 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.817 | 4.913 | 5.077 | 5.173 | 5.337 | 5.433 | 5.597 |
| Camarilla | 5.169 | 5.192 | 5.216 | 5.240 | 5.264 | 5.288 | 5.312 |
| Woodie | 4.850 | 4.930 | 5.110 | 5.190 | 5.370 | 5.450 | 5.630 |
| Fibonacci | 4.913 | 5.013 | 5.074 | 5.173 | 5.273 | 5.334 | 5.433 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.805 | 4.945 | 5.030 | 5.170 | 5.255 | 5.395 | 5.480 |
| Camarilla | 5.053 | 5.074 | 5.094 | 5.115 | 5.136 | 5.156 | 5.177 |
| Woodie | 4.778 | 4.931 | 5.003 | 5.156 | 5.228 | 5.381 | 5.453 |
| Fibonacci | 4.945 | 5.031 | 5.084 | 5.170 | 5.256 | 5.309 | 5.395 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.430 | 3.849 | 4.547 | 4.966 | 5.664 | 6.083 | 6.781 |
| Camarilla | 4.938 | 5.040 | 5.143 | 5.245 | 5.347 | 5.450 | 5.552 |
| Woodie | 3.570 | 3.919 | 4.687 | 5.036 | 5.804 | 6.153 | 6.921 |
| Fibonacci | 3.849 | 4.276 | 4.539 | 4.966 | 5.393 | 5.656 | 6.083 |
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): | 66.68 | |
| MACD (12,26,9): | 0.0660 | |
| Directional Movement: | 13.077 | |
| AROON (14): | 14.286 | |
| DEMA (21): | 5.238 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.948 | |
| Elder Ray (13): | 0.188 | |
| Super Trend (3,10): | 4.962 | |
| Zig ZAG (10): | 5.435 | |
| VORTEX (21): | 1.1690 | |
| Stochastique (14,3,5): | 60.77 | |
| TEMA (21): | 5.273 | |
| Williams %R (14): | -6.71 | |
| Chande Momentum Oscillator (20): | 0.155 | |
| Repulse (5,40,3): | 6.0470 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2040 | |
| Courbe Coppock: | 0.31 |
| MA7: | 5.171 | |
| MA20: | 5.197 | |
| MA50: | 5.025 | |
| MA100: | 5.029 | |
| MAexp7: | 5.222 | |
| MAexp20: | 5.151 | |
| MAexp50: | 5.076 | |
| MAexp100: | 5.055 | |
| Price / MA7: | +6.56% | |
| Price / MA20: | +6.02% | |
| Price / MA50: | +9.65% | |
| Price / MA100: | +9.56% | |
| Price / MAexp7: | +5.52% | |
| Price / MAexp20: | +6.97% | |
| Price / MAexp50: | +8.55% | |
| Price / MAexp100: | +9.00% |
Quotes :
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15 min delayed data
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Italy Stocks
News
Don't forget to follow the news on ESPRINET. At the time of publication of this analysis, the latest news was as follows:
EsprinetThis 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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