Londinia Opportunities Analyses - 05/03/2024 (GMT) PSI EX BANKS - 1H
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EUR
(-)
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15 min delayed data - Euronext Indices
| Type: | Indices |
| Ticker: | PTEB |
| ISIN: | PTINO0390005 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 6,447.66 EUR
My targets
6,566.21 EUR (+1.04%)
6,786.47 EUR (+4.43%)
My analysis
The basic bullish trend is very strong on PSI EX BANKS but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 6,447.66 EUR. Crossing the first resistance at 6,566.21 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 6,786.47 EUR as an objective. Caution, a return to below 6,447.66 EUR would be a sign of a consolidation phase in the short-term basic trend. 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.
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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Additional analysis
Quotes
The PSI EX BANKS price is 6,498.69 EUR. The price registered an increase of +0.13% on the session and was between 6,479.99 EUR and 6,506.29 EUR. This implies that the price is at +0.29% from its lowest and at -0.12% from its highest.6,479.99
6,506.29
6,498.69
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
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
Technical analysis of this 1H chart of PSI EX BANKS indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,244.96 | 6,366.75 | 6,447.66 | 6,498.69 | 6,509.38 | 6,566.21 | 6,786.47 |
| Change (%) | -3.90% | -2.03% | -0.79% | - | +0.16% | +1.04% | +4.43% |
| Change | -253.73 | -131.94 | -51.03 | - | +10.69 | +67.52 | +287.78 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | 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 | 6,407.09 | 6,423.73 | 6,456.99 | 6,473.63 | 6,506.89 | 6,523.53 | 6,556.79 |
| Camarilla | 6,476.54 | 6,481.11 | 6,485.69 | 6,490.26 | 6,494.83 | 6,499.41 | 6,503.98 |
| Woodie | 6,415.41 | 6,427.89 | 6,465.31 | 6,477.79 | 6,515.21 | 6,527.69 | 6,565.11 |
| Fibonacci | 6,423.73 | 6,442.79 | 6,454.57 | 6,473.63 | 6,492.69 | 6,504.47 | 6,523.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,847.35 | 6,001.18 | 6,231.62 | 6,385.45 | 6,615.89 | 6,769.72 | 7,000.16 |
| Camarilla | 6,356.40 | 6,391.62 | 6,426.85 | 6,462.07 | 6,497.30 | 6,532.52 | 6,567.74 |
| Woodie | 5,885.67 | 6,020.33 | 6,269.94 | 6,404.60 | 6,654.21 | 6,788.87 | 7,038.48 |
| Fibonacci | 6,001.18 | 6,147.97 | 6,238.66 | 6,385.45 | 6,532.24 | 6,622.93 | 6,769.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,628.22 | 5,838.62 | 6,145.42 | 6,355.82 | 6,662.62 | 6,873.02 | 7,179.82 |
| Camarilla | 6,310.00 | 6,357.41 | 6,404.82 | 6,452.23 | 6,499.64 | 6,547.05 | 6,594.46 |
| Woodie | 5,676.43 | 5,862.72 | 6,193.63 | 6,379.92 | 6,710.83 | 6,897.12 | 7,228.03 |
| Fibonacci | 5,838.62 | 6,036.19 | 6,158.25 | 6,355.82 | 6,553.39 | 6,675.45 | 6,873.02 |
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): | 57.11 | |
| MACD (12,26,9): | 2.0000 | |
| Directional Movement: | 13.40 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 6,480.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,443.96 | |
| Elder Ray (13): | 11.38 | |
| Super Trend (3,10): | 6,524.19 | |
| Zig ZAG (10): | 6,491.08 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 79.68 | |
| TEMA (21): | 6,470.22 | |
| Williams %R (14): | -19.52 | |
| Chande Momentum Oscillator (20): | 38.37 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.35 |
| MA7: | 6,462.58 | |
| MA20: | 6,280.67 | |
| MA50: | 6,186.11 | |
| MA100: | 6,249.70 | |
| MAexp7: | 6,481.48 | |
| MAexp20: | 6,477.28 | |
| MAexp50: | 6,452.05 | |
| MAexp100: | 6,386.90 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +3.47% | |
| Price / MA50: | +5.05% | |
| Price / MA100: | +3.98% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +0.72% | |
| Price / MAexp100: | +1.75% |
Quotes :
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15 min delayed data
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Indices Euronext