PRT FR INDEX - 1H - Technical analysis published on 08/24/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 6,380.64 EUR
My targets
6,330.40 EUR (-0.49%)
6,253.14 EUR (-1.71%)
My analysis
The bearish trend is currently very strong for PRT FR INDEX. As long as the price remains below the resistance at 6,380.64 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 6,330.40 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6,253.14 EUR as an objective. Crossing it would then enable sellers to target 6,193.55 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.1
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Additional analysis
Quotes
The PRT FR INDEX rating is 6,361.70 EUR. The price is lower by -0.01% since the last closing and was traded between 6,318.54 EUR and 6,366.98 EUR over the period. The price is currently at +0.68% from its lowest and -0.08% from its highest.6,318.54
6,366.98
6,361.70
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PRT FR INDEX in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,193.55 | 6,253.14 | 6,330.40 | 6,361.70 | 6,380.64 | 6,485.25 | 6,559.57 |
| Change (%) | -2.64% | -1.71% | -0.49% | - | +0.30% | +1.94% | +3.11% |
| Change | -168.15 | -108.56 | -31.30 | - | +18.94 | +123.55 | +197.87 |
| Level | Minor | Intermediate | 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 | 6,253.76 | 6,292.08 | 6,327.05 | 6,365.37 | 6,400.34 | 6,438.66 | 6,473.63 |
| Camarilla | 6,341.87 | 6,348.58 | 6,355.30 | 6,362.02 | 6,368.74 | 6,375.46 | 6,382.18 |
| Woodie | 6,252.09 | 6,291.24 | 6,325.38 | 6,364.53 | 6,398.67 | 6,437.82 | 6,471.96 |
| Fibonacci | 6,292.08 | 6,320.08 | 6,337.37 | 6,365.37 | 6,393.37 | 6,410.66 | 6,438.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,330.94 | 6,409.46 | 6,452.65 | 6,531.17 | 6,574.36 | 6,652.88 | 6,696.07 |
| Camarilla | 6,462.36 | 6,473.52 | 6,484.67 | 6,495.83 | 6,506.99 | 6,518.14 | 6,529.30 |
| Woodie | 6,313.27 | 6,400.63 | 6,434.98 | 6,522.34 | 6,556.69 | 6,644.05 | 6,678.40 |
| Fibonacci | 6,409.46 | 6,455.96 | 6,484.68 | 6,531.17 | 6,577.67 | 6,606.39 | 6,652.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,311.63 | 5,549.07 | 5,998.78 | 6,236.22 | 6,685.93 | 6,923.37 | 7,373.08 |
| Camarilla | 6,259.53 | 6,322.52 | 6,385.51 | 6,448.50 | 6,511.49 | 6,574.48 | 6,637.47 |
| Woodie | 5,417.78 | 5,602.14 | 6,104.93 | 6,289.29 | 6,792.08 | 6,976.44 | 7,479.23 |
| Fibonacci | 5,549.07 | 5,811.56 | 5,973.73 | 6,236.22 | 6,498.71 | 6,660.88 | 6,923.37 |
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): | 35.71 | |
| MACD (12,26,9): | -37.8100 | |
| Directional Movement: | -23.06 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 6,337.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,401.99 | |
| Elder Ray (13): | -29.19 | |
| Super Trend (3,10): | 6,428.27 | |
| Zig ZAG (10): | 6,348.63 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 26.15 | |
| TEMA (21): | 6,331.08 | |
| Williams %R (14): | -60.58 | |
| Chande Momentum Oscillator (20): | -4.61 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 1.47 |
| MA7: | 6,466.76 | |
| MA20: | 6,478.35 | |
| MA50: | 6,208.18 | |
| MA100: | 6,305.69 | |
| MAexp7: | 6,355.87 | |
| MAexp20: | 6,389.45 | |
| MAexp50: | 6,447.70 | |
| MAexp100: | 6,467.22 | |
| Price / MA7: | -1.62% | |
| Price / MA20: | -1.80% | |
| Price / MA50: | +2.47% | |
| Price / MA100: | +0.89% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -1.33% | |
| Price / MAexp100: | -1.63% |
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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