ASCX-INDEX - 1H - Technical analysis published on 12/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 1,205.45 EUR
My targets
1,215.36 EUR (+0.45%)
1,224.48 EUR (+1.20%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on ASCX-INDEX as long as the price remains well above 1,205.45 EUR. The buyers' bullish objective is set at 1,215.36 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,224.48 EUR. If there is any crossing, the next objective would be the resistance located at 1,235.51 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.1
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Additional analysis
Quotes
The ASCX-INDEX rating is 1,209.96 EUR. The price registered a decrease of -0.03% on the session with the lowest point at 1,202.48 EUR and the highest point at 1,209.96 EUR. The deviation from the price is +0.62% for the low point and 0% for the high point.1,202.48
1,209.96
1,209.96
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
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
A technical analysis in 1H of this ASCX-INDEX chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
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 | 1,170.96 | 1,190.02 | 1,205.45 | 1,209.96 | 1,210.71 | 1,215.36 | 1,224.48 |
| Change (%) | -3.22% | -1.65% | -0.37% | - | +0.06% | +0.45% | +1.20% |
| Change | -39.00 | -19.94 | -4.51 | - | +0.75 | +5.40 | +14.52 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,197.49 | 1,199.99 | 1,204.97 | 1,207.47 | 1,212.45 | 1,214.95 | 1,219.93 |
| Camarilla | 1,207.90 | 1,208.59 | 1,209.27 | 1,209.96 | 1,210.65 | 1,211.33 | 1,212.02 |
| Woodie | 1,198.74 | 1,200.61 | 1,206.22 | 1,208.09 | 1,213.70 | 1,215.57 | 1,221.18 |
| Fibonacci | 1,199.99 | 1,202.84 | 1,204.61 | 1,207.47 | 1,210.32 | 1,212.09 | 1,214.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,182.87 | 1,189.80 | 1,201.70 | 1,208.63 | 1,220.53 | 1,227.46 | 1,239.36 |
| Camarilla | 1,208.41 | 1,210.14 | 1,211.86 | 1,213.59 | 1,215.32 | 1,217.04 | 1,218.77 |
| Woodie | 1,185.35 | 1,191.04 | 1,204.18 | 1,209.87 | 1,223.01 | 1,228.70 | 1,241.84 |
| Fibonacci | 1,189.80 | 1,197.00 | 1,201.44 | 1,208.63 | 1,215.83 | 1,220.27 | 1,227.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,115.57 | 1,143.05 | 1,169.97 | 1,197.45 | 1,224.37 | 1,251.85 | 1,278.77 |
| Camarilla | 1,181.93 | 1,186.92 | 1,191.90 | 1,196.89 | 1,201.88 | 1,206.86 | 1,211.85 |
| Woodie | 1,115.29 | 1,142.91 | 1,169.69 | 1,197.31 | 1,224.09 | 1,251.71 | 1,278.49 |
| Fibonacci | 1,143.05 | 1,163.83 | 1,176.67 | 1,197.45 | 1,218.23 | 1,231.07 | 1,251.85 |
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): | 53.04 | |
| MACD (12,26,9): | -0.4900 | |
| Directional Movement: | -1.41 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 1,208.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,217.25 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 1,214.42 | |
| Zig ZAG (10): | 1,209.96 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 23.13 | |
| TEMA (21): | 1,206.75 | |
| Williams %R (14): | -56.44 | |
| Chande Momentum Oscillator (20): | -2.59 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.57 |
| MA7: | 1,207.65 | |
| MA20: | 1,200.73 | |
| MA50: | 1,199.95 | |
| MA100: | 1,248.02 | |
| MAexp7: | 1,207.11 | |
| MAexp20: | 1,208.27 | |
| MAexp50: | 1,207.58 | |
| MAexp100: | 1,205.53 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +0.83% | |
| Price / MA100: | -3.05% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.37% |
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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