PRT PT INDEX - Daily - Technical analysis published on 09/27/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 5,656.55 EUR
My targets
5,276.93 EUR (-3.91%)
4,883.17 EUR (-11.08%)
My analysis
The bearish trend is currently very strong for PRT PT INDEX. As long as the price remains below the resistance at 5,656.55 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 5,276.93 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4,883.17 EUR as an objective. Crossing it would then enable sellers to target 4,718.29 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PRT PT INDEX rating 5,491.68 EUR. The price has increased by +1.40% since the last closing and was traded between 5,459.63 EUR and 5,499.30 EUR over the period. The price is currently at +0.59% from its lowest and -0.14% from its highest.5,459.63
5,499.30
5,491.68
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
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:
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 strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are 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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,410.13 | 4,718.29 | 5,276.93 | 5,491.68 | 5,505.55 | 5,656.55 | 5,787.67 |
| Change (%) | -19.69% | -14.08% | -3.91% | - | +0.25% | +3.00% | +5.39% |
| Change | -1,081.55 | -773.39 | -214.75 | - | +13.87 | +164.87 | +295.99 |
| Level | Intermediate | Minor | Major | - | 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 | 5,263.58 | 5,325.62 | 5,370.78 | 5,432.82 | 5,477.98 | 5,540.02 | 5,585.18 |
| Camarilla | 5,386.45 | 5,396.28 | 5,406.10 | 5,415.93 | 5,425.76 | 5,435.58 | 5,445.41 |
| Woodie | 5,255.13 | 5,321.40 | 5,362.33 | 5,428.60 | 5,469.53 | 5,535.80 | 5,576.73 |
| Fibonacci | 5,325.62 | 5,366.57 | 5,391.87 | 5,432.82 | 5,473.77 | 5,499.07 | 5,540.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,883.17 | 5,165.64 | 5,326.54 | 5,609.01 | 5,769.91 | 6,052.38 | 6,213.28 |
| Camarilla | 5,365.51 | 5,406.16 | 5,446.80 | 5,487.44 | 5,528.08 | 5,568.73 | 5,609.37 |
| Woodie | 4,822.39 | 5,135.25 | 5,265.76 | 5,578.62 | 5,709.13 | 6,021.99 | 6,152.50 |
| Fibonacci | 5,165.64 | 5,335.01 | 5,439.64 | 5,609.01 | 5,778.38 | 5,883.01 | 6,052.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,542.24 | 5,751.89 | 5,873.57 | 6,083.22 | 6,204.90 | 6,414.55 | 6,536.23 |
| Camarilla | 5,904.12 | 5,934.50 | 5,964.87 | 5,995.24 | 6,025.61 | 6,055.98 | 6,086.36 |
| Woodie | 5,498.25 | 5,729.90 | 5,829.58 | 6,061.23 | 6,160.91 | 6,392.56 | 6,492.24 |
| Fibonacci | 5,751.89 | 5,878.46 | 5,956.66 | 6,083.22 | 6,209.79 | 6,287.99 | 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): | 24.63 | |
| MACD (12,26,9): | -149.0000 | |
| Directional Movement: | -33.44 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 5,641.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,877.77 | |
| Elder Ray (13): | -247.48 | |
| Super Trend (3,10): | 5,759.32 | |
| Zig ZAG (10): | 5,486.17 | |
| VORTEX (21): | 0.6600 | |
| Stochastique (14,3,5): | 7.48 | |
| TEMA (21): | 5,531.20 | |
| Williams %R (14): | -87.52 | |
| Chande Momentum Oscillator (20): | -509.67 | |
| Repulse (5,40,3): | -3.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2300 | |
| Courbe Coppock: | 12.32 |
| MA7: | 5,636.49 | |
| MA20: | 5,855.82 | |
| MA50: | 6,024.36 | |
| MA100: | 6,023.18 | |
| MAexp7: | 5,609.30 | |
| MAexp20: | 5,812.73 | |
| MAexp50: | 5,947.23 | |
| MAexp100: | 5,961.62 | |
| Price / MA7: | -2.57% | |
| Price / MA20: | -6.22% | |
| Price / MA50: | -8.84% | |
| Price / MA100: | -8.82% | |
| Price / MAexp7: | -2.10% | |
| Price / MAexp20: | -5.52% | |
| Price / MAexp50: | -7.66% | |
| Price / MAexp100: | -7.88% |
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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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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