PRT BE INDEX - 1H - Technical analysis published on 12/22/2023 (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:
Bullish
Underlying:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 3,637.26 EUR
My targets
3,713.11 EUR (+0.91%)
3,815.25 EUR (+3.68%)
My analysis
The basic trend is currently slightly bullish on PRT BE INDEX and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 3,637.26 EUR, purchases could be favourable. The first bullish objective would be the resistance located at 3,713.11 EUR. Then the price could move towards 3,815.25 EUR. Then 3,955.00 EUR by extension. A return under the support to 3,637.26 EUR could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
0
10
4.5
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Additional analysis
Quotes
The PRT BE INDEX rating is 3,679.69 EUR. The price has increased by +1.66% since the last closing and was between 3,628.78 EUR and 3,682.66 EUR. This implies that the price is at +1.40% from its lowest and at -0.08% from its highest.3,628.78
3,682.66
3,679.69
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Technical
Technical analysis of PRT BE INDEX in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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 : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,503.37 | 3,578.88 | 3,637.26 | 3,679.69 | 3,713.11 | 3,815.25 | 3,955.00 |
| Change (%) | -4.79% | -2.74% | -1.15% | - | +0.91% | +3.68% | +7.48% |
| Change | -176.32 | -100.81 | -42.43 | - | +33.42 | +135.56 | +275.31 |
| Level | Major | Intermediate | Major | - | Major | 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 | 3,590.88 | 3,609.83 | 3,644.76 | 3,663.71 | 3,698.64 | 3,717.59 | 3,752.52 |
| Camarilla | 3,664.87 | 3,669.81 | 3,674.75 | 3,679.69 | 3,684.63 | 3,689.57 | 3,694.51 |
| Woodie | 3,598.87 | 3,613.83 | 3,652.75 | 3,667.71 | 3,706.63 | 3,721.59 | 3,760.51 |
| Fibonacci | 3,609.83 | 3,630.41 | 3,643.13 | 3,663.71 | 3,684.29 | 3,697.01 | 3,717.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,434.23 | 3,517.35 | 3,598.52 | 3,681.64 | 3,762.81 | 3,845.93 | 3,927.10 |
| Camarilla | 3,634.51 | 3,649.57 | 3,664.63 | 3,679.69 | 3,694.75 | 3,709.81 | 3,724.87 |
| Woodie | 3,433.26 | 3,516.86 | 3,597.55 | 3,681.15 | 3,761.84 | 3,845.44 | 3,926.13 |
| Fibonacci | 3,517.35 | 3,580.11 | 3,618.88 | 3,681.64 | 3,744.40 | 3,783.17 | 3,845.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,166.20 | 3,258.55 | 3,393.79 | 3,486.14 | 3,621.38 | 3,713.73 | 3,848.97 |
| Camarilla | 3,466.43 | 3,487.30 | 3,508.16 | 3,529.02 | 3,549.88 | 3,570.75 | 3,591.61 |
| Woodie | 3,187.64 | 3,269.27 | 3,415.23 | 3,496.86 | 3,642.82 | 3,724.45 | 3,870.41 |
| Fibonacci | 3,258.55 | 3,345.49 | 3,399.20 | 3,486.14 | 3,573.08 | 3,626.79 | 3,713.73 |
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): | 59.85 | |
| MACD (12,26,9): | -1.3900 | |
| Directional Movement: | 16.43 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 3,647.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,624.01 | |
| Elder Ray (13): | 24.68 | |
| Super Trend (3,10): | 3,637.87 | |
| Zig ZAG (10): | 3,679.69 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 97.73 | |
| TEMA (21): | 3,661.84 | |
| Williams %R (14): | -4.01 | |
| Chande Momentum Oscillator (20): | 57.91 | |
| Repulse (5,40,3): | 0.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 2.11 |
| MA7: | 3,699.74 | |
| MA20: | 3,646.63 | |
| MA50: | 3,526.60 | |
| MA100: | 3,572.37 | |
| MAexp7: | 3,664.82 | |
| MAexp20: | 3,655.19 | |
| MAexp50: | 3,672.09 | |
| MAexp100: | 3,673.45 | |
| Price / MA7: | -0.54% | |
| Price / MA20: | +0.91% | |
| Price / MA50: | +4.34% | |
| Price / MA100: | +3.00% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.17% |
Quotes :
-
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.
About author
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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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