PRT BE INDEX - 1H - Technical analysis published on 03/08/2024 (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
61%
0%
39%
My opinion
Bullish above 3,676.49 EUR
My targets
3,746.72 EUR (+0.78%)
3,791.67 EUR (+1.99%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PRT BE INDEX as long as the price remains well above 3,676.49 EUR. The buyers' bullish objective is set at 3,746.72 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,791.67 EUR. If there is any crossing, the next objective would be the resistance located at 3,815.25 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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Additional analysis
Quotes
The PRT BE INDEX rating is 3,717.81 EUR. The price is lower by -0.01% since the last closing and was between 3,716.95 EUR and 3,724.97 EUR. This implies that the price is at +0.02% from its lowest and at -0.19% from its highest.3,716.95
3,724.97
3,717.81
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this PRT BE INDEX chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 3,555.56 | 3,643.12 | 3,676.49 | 3,717.81 | 3,718.22 | 3,746.72 | 3,791.67 |
| Change (%) | -4.36% | -2.01% | -1.11% | - | +0.01% | +0.78% | +1.99% |
| Change | -162.25 | -74.69 | -41.32 | - | +0.41 | +28.91 | +73.86 |
| Level | Major | Intermediate | Minor | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,610.36 | 3,634.83 | 3,676.56 | 3,701.03 | 3,742.76 | 3,767.23 | 3,808.96 |
| Camarilla | 3,700.08 | 3,706.14 | 3,712.21 | 3,718.28 | 3,724.35 | 3,730.42 | 3,736.49 |
| Woodie | 3,618.98 | 3,639.15 | 3,685.18 | 3,705.35 | 3,751.38 | 3,771.55 | 3,817.58 |
| Fibonacci | 3,634.83 | 3,660.12 | 3,675.75 | 3,701.03 | 3,726.32 | 3,741.95 | 3,767.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,449.86 | 3,507.66 | 3,603.24 | 3,661.04 | 3,756.62 | 3,814.42 | 3,910.00 |
| Camarilla | 3,656.64 | 3,670.70 | 3,684.76 | 3,698.82 | 3,712.88 | 3,726.94 | 3,741.00 |
| Woodie | 3,468.75 | 3,517.11 | 3,622.13 | 3,670.49 | 3,775.51 | 3,823.87 | 3,928.89 |
| Fibonacci | 3,507.66 | 3,566.25 | 3,602.45 | 3,661.04 | 3,719.63 | 3,755.83 | 3,814.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,275.25 | 3,404.59 | 3,533.00 | 3,662.34 | 3,790.75 | 3,920.09 | 4,048.50 |
| Camarilla | 3,590.54 | 3,614.17 | 3,637.79 | 3,661.42 | 3,685.05 | 3,708.67 | 3,732.30 |
| Woodie | 3,274.80 | 3,404.36 | 3,532.55 | 3,662.11 | 3,790.30 | 3,919.86 | 4,048.05 |
| Fibonacci | 3,404.59 | 3,503.05 | 3,563.88 | 3,662.34 | 3,760.80 | 3,821.63 | 3,920.09 |
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): | 67.00 | |
| MACD (12,26,9): | 10.1700 | |
| Directional Movement: | 0.57 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 3,710.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,667.51 | |
| Elder Ray (13): | 14.34 | |
| Super Trend (3,10): | 3,686.08 | |
| Zig ZAG (10): | 3,718.28 | |
| VORTEX (21): | 1.2800 | |
| Stochastique (14,3,5): | 91.57 | |
| TEMA (21): | 3,718.71 | |
| Williams %R (14): | -10.92 | |
| Chande Momentum Oscillator (20): | 19.05 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.17 |
| MA7: | 3,687.06 | |
| MA20: | 3,687.31 | |
| MA50: | 3,667.13 | |
| MA100: | 3,598.79 | |
| MAexp7: | 3,714.83 | |
| MAexp20: | 3,698.99 | |
| MAexp50: | 3,689.91 | |
| MAexp100: | 3,686.25 | |
| Price / MA7: | +0.83% | |
| Price / MA20: | +0.83% | |
| Price / MA50: | +1.38% | |
| Price / MA100: | +3.31% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.51% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +0.86% |
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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