PRT PT INDEX - Daily - Technical analysis published on 09/02/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 6,077.47 EUR
My targets
5,881.83 EUR (-1.30%)
5,787.67 EUR (-2.88%)
My analysis
PRT PT INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 6,077.47 EUR. The next support located at 5,881.83 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5,787.67 EUR. Below this support, sellers could then target 5,702.91 EUR.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PRT PT INDEX rating 5,959.14 EUR. The price is lower by -0.05% since the last closing and was between 5,929.95 EUR and 5,968.94 EUR. This implies that the price is at +0.49% from its lowest and at -0.16% from its highest.5,929.95
5,968.94
5,959.14
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of PRT PT INDEX indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 5,702.91 | 5,787.67 | 5,881.83 | 5,959.14 | 6,077.47 | 6,167.04 | 6,341.56 |
| Change (%) | -4.30% | -2.88% | -1.30% | - | +1.99% | +3.49% | +6.42% |
| Change | -256.23 | -171.47 | -77.31 | - | +118.33 | +207.90 | +382.42 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Major |
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 | 5,838.16 | 5,872.59 | 5,917.26 | 5,951.69 | 5,996.36 | 6,030.79 | 6,075.46 |
| Camarilla | 5,940.18 | 5,947.43 | 5,954.68 | 5,961.93 | 5,969.18 | 5,976.43 | 5,983.68 |
| Woodie | 5,843.28 | 5,875.15 | 5,922.38 | 5,954.25 | 6,001.48 | 6,033.35 | 6,080.58 |
| Fibonacci | 5,872.59 | 5,902.81 | 5,921.47 | 5,951.69 | 5,981.91 | 6,000.57 | 6,030.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,086.55 | 6,139.83 | 6,174.63 | 6,227.91 | 6,262.71 | 6,315.99 | 6,350.79 |
| Camarilla | 6,185.20 | 6,193.27 | 6,201.35 | 6,209.42 | 6,217.49 | 6,225.57 | 6,233.64 |
| Woodie | 6,077.30 | 6,135.21 | 6,165.38 | 6,223.29 | 6,253.46 | 6,311.37 | 6,341.54 |
| Fibonacci | 6,139.83 | 6,173.48 | 6,194.27 | 6,227.91 | 6,261.56 | 6,282.35 | 6,315.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,542.25 | 5,751.91 | 5,873.57 | 6,083.23 | 6,204.89 | 6,414.55 | 6,536.21 |
| Camarilla | 5,904.13 | 5,934.50 | 5,964.87 | 5,995.24 | 6,025.61 | 6,055.98 | 6,086.35 |
| Woodie | 5,498.26 | 5,729.91 | 5,829.58 | 6,061.23 | 6,160.90 | 6,392.55 | 6,492.22 |
| Fibonacci | 5,751.91 | 5,878.47 | 5,956.66 | 6,083.23 | 6,209.79 | 6,287.98 | 6,414.55 |
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): | 34.67 | |
| MACD (12,26,9): | -19.7600 | |
| Directional Movement: | -20.72 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 6,113.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,185.42 | |
| Elder Ray (13): | -153.78 | |
| Super Trend (3,10): | 6,173.21 | |
| Zig ZAG (10): | 5,968.94 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 13.28 | |
| TEMA (21): | 6,062.22 | |
| Williams %R (14): | -84.60 | |
| Chande Momentum Oscillator (20): | -302.48 | |
| Repulse (5,40,3): | -0.9700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 4.31 |
| MA7: | 6,072.71 | |
| MA20: | 6,177.24 | |
| MA50: | 6,073.15 | |
| MA100: | 6,036.76 | |
| MAexp7: | 6,051.13 | |
| MAexp20: | 6,118.17 | |
| MAexp50: | 6,091.28 | |
| MAexp100: | 6,018.73 | |
| Price / MA7: | -1.87% | |
| Price / MA20: | -3.53% | |
| Price / MA50: | -1.88% | |
| Price / MA100: | -1.29% | |
| Price / MAexp7: | -1.52% | |
| Price / MAexp20: | -2.60% | |
| Price / MAexp50: | -2.17% | |
| Price / MAexp100: | -0.99% |
Quotes :
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15 min delayed data
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Euronext Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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