Londinia Opportunities Analyses - 05/03/2024 (GMT) PSI20 INDEX - 1H
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EUR
(-)
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15 min delayed data - Euronext Indices
| Type: | Indices |
| Ticker: | PSI20 |
| ISIN: | PTING0200002 |
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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 6,607.34 EUR
My targets
6,711.24 EUR (+0.83%)
6,914.80 EUR (+3.89%)
My analysis
The bullish trend is currently very strong on PSI20 INDEX. As long as the price remains above the support at 6,607.34 EUR, you could try to benefit from the boom. The first bullish objective is located at 6,711.24 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6,914.80 EUR as an objective. Crossing it would then enable buyers to target 7,285.87 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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 PSI20 INDEX rating is 6,656.14 EUR. On the day, this instrument lost -0.14% and was traded between 6,649.64 EUR and 6,687.45 EUR over the period. The price is currently at +0.10% from its lowest and -0.47% from its highest.6,649.64
6,687.45
6,656.14
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 1H of this PSI20 INDEX chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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 | 6,344.80 | 6,511.11 | 6,607.34 | 6,656.14 | 6,711.24 | 7,285.87 | 7,734.95 |
| Change (%) | -4.68% | -2.18% | -0.73% | - | +0.83% | +9.46% | +16.21% |
| Change | -311.34 | -145.03 | -48.80 | - | +55.10 | +629.73 | +1,078.81 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,573.10 | 6,591.52 | 6,628.34 | 6,646.76 | 6,683.58 | 6,702.00 | 6,738.82 |
| Camarilla | 6,649.98 | 6,655.04 | 6,660.11 | 6,665.17 | 6,670.23 | 6,675.30 | 6,680.36 |
| Woodie | 6,582.31 | 6,596.12 | 6,637.55 | 6,651.36 | 6,692.79 | 6,706.60 | 6,748.03 |
| Fibonacci | 6,591.52 | 6,612.62 | 6,625.66 | 6,646.76 | 6,667.86 | 6,680.90 | 6,702.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,002.45 | 6,153.60 | 6,383.05 | 6,534.20 | 6,763.65 | 6,914.80 | 7,144.25 |
| Camarilla | 6,507.85 | 6,542.73 | 6,577.62 | 6,612.51 | 6,647.40 | 6,682.29 | 6,717.18 |
| Woodie | 6,041.61 | 6,173.18 | 6,422.21 | 6,553.78 | 6,802.81 | 6,934.38 | 7,183.41 |
| Fibonacci | 6,153.60 | 6,298.99 | 6,388.81 | 6,534.20 | 6,679.59 | 6,769.41 | 6,914.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,777.07 | 5,983.04 | 6,299.30 | 6,505.27 | 6,821.53 | 7,027.50 | 7,343.76 |
| Camarilla | 6,471.95 | 6,519.82 | 6,567.69 | 6,615.56 | 6,663.43 | 6,711.30 | 6,759.17 |
| Woodie | 5,832.22 | 6,010.61 | 6,354.45 | 6,532.84 | 6,876.68 | 7,055.07 | 7,398.91 |
| Fibonacci | 5,983.04 | 6,182.53 | 6,305.78 | 6,505.27 | 6,704.76 | 6,828.01 | 7,027.50 |
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): | 56.28 | |
| MACD (12,26,9): | 8.4800 | |
| Directional Movement: | 12.59 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 6,659.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,633.25 | |
| Elder Ray (13): | 4.58 | |
| Super Trend (3,10): | 6,683.64 | |
| Zig ZAG (10): | 6,655.79 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 63.42 | |
| TEMA (21): | 6,652.28 | |
| Williams %R (14): | -40.87 | |
| Chande Momentum Oscillator (20): | 31.74 | |
| Repulse (5,40,3): | -0.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.61 |
| MA7: | 6,614.58 | |
| MA20: | 6,421.74 | |
| MA50: | 6,286.84 | |
| MA100: | 6,318.14 | |
| MAexp7: | 6,655.33 | |
| MAexp20: | 6,647.63 | |
| MAexp50: | 6,613.70 | |
| MAexp100: | 6,541.27 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | +3.65% | |
| Price / MA50: | +5.87% | |
| Price / MA100: | +5.35% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +1.76% |
Quotes :
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15 min delayed data
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Indices Euronext