CFE - 1H - Technical analysis published on 12/22/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 9.52 EUR
My targets
9.80 EUR (+1.77%)
10.21 EUR (+6.02%)
My analysis
CFE 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 9.52 EUR. The next resistance located at 9.80 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 10.21 EUR. After this resistance, buyers could then target 10.71 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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
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Additional analysis
Quotes
CFE rating 9.63 EUR. The price has increased by +5.25% since the last closing and was between 9.16 EUR and 9.63 EUR. This implies that the price is at +5.13% from its lowest and at 0% from its highest.9.16
9.63
9.63
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CFE in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 9.25 | 9.42 | 9.52 | 9.63 | 9.66 | 9.80 | 10.21 |
Change (%) | -3.95% | -2.18% | -1.14% | - | +0.31% | +1.77% | +6.02% |
Change | -0.38 | -0.21 | -0.11 | - | +0.03 | +0.17 | +0.58 |
Level | Minor | Intermediate | Minor | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.85 | 9.00 | 9.32 | 9.47 | 9.79 | 9.94 | 10.26 |
Camarilla | 9.50 | 9.54 | 9.59 | 9.63 | 9.67 | 9.72 | 9.76 |
Woodie | 8.93 | 9.04 | 9.40 | 9.51 | 9.87 | 9.98 | 10.34 |
Fibonacci | 9.00 | 9.18 | 9.29 | 9.47 | 9.65 | 9.76 | 9.94 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.08 | 8.41 | 8.60 | 8.93 | 9.12 | 9.45 | 9.64 |
Camarilla | 8.66 | 8.71 | 8.75 | 8.80 | 8.85 | 8.90 | 8.94 |
Woodie | 8.02 | 8.38 | 8.54 | 8.90 | 9.06 | 9.42 | 9.58 |
Fibonacci | 8.41 | 8.61 | 8.73 | 8.93 | 9.13 | 9.25 | 9.45 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7.39 | 8.35 | 8.87 | 9.83 | 10.35 | 11.31 | 11.83 |
Camarilla | 8.97 | 9.11 | 9.24 | 9.38 | 9.52 | 9.65 | 9.79 |
Woodie | 7.16 | 8.24 | 8.64 | 9.72 | 10.12 | 11.20 | 11.60 |
Fibonacci | 8.35 | 8.92 | 9.27 | 9.83 | 10.40 | 10.75 | 11.31 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 79.45 | |
MACD (12,26,9): | 0.1400 | |
Directional Movement: | 32.61 | |
AROON (14): | 78.57 | |
DEMA (21): | 9.50 | |
Parabolic SAR (0,02-0,02-0,2): | 9.41 | |
Elder Ray (13): | 0.19 | |
Super Trend (3,10): | 9.39 | |
Zig ZAG (10): | 9.63 | |
VORTEX (21): | 1.2800 | |
Stochastique (14,3,5): | 95.12 | |
TEMA (21): | 9.59 | |
Williams %R (14): | 0.00 | |
Chande Momentum Oscillator (20): | 0.48 | |
Repulse (5,40,3): | 1.0200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1600 | |
Courbe Coppock: | 8.40 |
MA7: | 9.12 | |
MA20: | 9.26 | |
MA50: | 9.95 | |
MA100: | 9.80 | |
MAexp7: | 9.51 | |
MAexp20: | 9.33 | |
MAexp50: | 9.20 | |
MAexp100: | 9.22 | |
Price / MA7: | +5.59% | |
Price / MA20: | +4.00% | |
Price / MA50: | -3.22% | |
Price / MA100: | -1.73% | |
Price / MAexp7: | +1.26% | |
Price / MAexp20: | +3.22% | |
Price / MAexp50: | +4.67% | |
Price / MAexp100: | +4.45% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on CFE at the time of the analysis were as follows:
- Cboe Global Markets Announces Election of Hillary A. Sale to Cboe U.S. Securities Exchanges, CFE and Cboe SEF Boards
- CFE and Sempra Infrastructure Expand Agreements for the Development of Energy Infrastructure in Mexico
- INX Welcomes Former CYSEC Chairperson Demetra Kalogerou and Wall Street Journal Women in Business Co-Founder, Hilary Kramer, CFE, to its Board of Directors
- INX Welcomes Former CYSEC Chairperson Demetra Kalogerou and Wall Street Journal Women in Business Co-Founder, Hilary Kramer, CFE, to its Board of Directors
- INX Welcomes Former CYSEC Chairperson Demetra Kalogerou and Wall Street Journal Women in Business Co-Founder, Hilary Kramer, CFE, to its Board of Directors
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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