Londinia Opportunities Analyses - 07/22/2024 (GMT) PSI FINANCIALS - 1H

- EUR (-)

- 15 min delayed data - Euronext Indices

Type:	Indices
Ticker:	PTFIP
ISIN:	QS0011225057

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 124.87 EUR

My targets

128.96 EUR (+2.17%)

134.03 EUR (+6.19%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PSI FINANCIALS as long as the price remains well above 124.87 EUR. The buyers' bullish objective is set at 128.96 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 134.03 EUR. If there is any crossing, the next objective would be the resistance located at 148.32 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

PSI FINANCIALS rating 126.22 EUR. The price has increased by +1.60% since the last closing with the lowest point at 125.13 EUR and the highest point at 126.31 EUR. The deviation from the price is +0.87% for the low point and -0.07% for the high point.

125.13

126.31

126.22

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

A technical analysis in 1H of this PSI FINANCIALS 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 is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

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

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	118.99	121.22	124.87	126.22	128.96	148.32
Change (%)	-5.73%	-3.96%	-1.07%	-	+2.17%	+17.51%
Change	-7.23	-5.00	-1.35	-	+2.74	+22.10
Level	Intermediate	Major	Minor	-	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	120.54	121.65	122.94	124.05	125.34	126.45	127.74
Camarilla	123.57	123.79	124.01	124.23	124.45	124.67	124.89
Woodie	120.63	121.70	123.03	124.10	125.43	126.50	127.83
Fibonacci	121.65	122.57	123.13	124.05	124.97	125.53	126.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.19	114.09	119.16	124.06	129.13	134.03	139.10
Camarilla	121.49	122.40	123.32	124.23	125.14	126.06	126.97
Woodie	109.28	114.13	119.25	124.10	129.22	134.07	139.19
Fibonacci	114.09	117.90	120.25	124.06	127.87	130.22	134.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	78.81	90.13	99.03	110.35	119.25	130.57	139.47
Camarilla	102.37	104.22	106.08	107.93	109.78	111.64	113.49
Woodie	77.60	89.53	97.82	109.75	118.04	129.97	138.26
Fibonacci	90.13	97.85	102.63	110.35	118.07	122.85	130.57

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):	61.53
MACD (12,26,9):	0.3600
Directional Movement:	16.02
AROON (14):	57.14
DEMA (21):	125.53
Parabolic SAR (0,02-0,02-0,2):	123.17
Elder Ray (13):	0.69
Super Trend (3,10):	126.71
Zig ZAG (10):	126.15
VORTEX (21):	0.9800
Stochastique (14,3,5):	85.34
TEMA (21):	125.54
Williams %R (14):	-5.90
Chande Momentum Oscillator (20):	2.36
Repulse (5,40,3):	0.5400
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	2.10

MA7:	123.90
MA20:	117.25
MA50:	114.86
MA100:	105.95
MAexp7:	125.62
MAexp20:	125.12
MAexp50:	124.18
MAexp100:	121.91
Price / MA7:	+1.87%
Price / MA20:	+7.65%
Price / MA50:	+9.89%
Price / MA100:	+19.13%
Price / MAexp7:	+0.48%
Price / MAexp20:	+0.88%
Price / MAexp50:	+1.64%
Price / MAexp100:	+3.54%

Quotes : - 15 min delayed data - Indices Euronext