PRT FR INDEX - 1H - Technical analysis published on 01/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 7,610.90 EUR
My targets
7,731.23 EUR (+1.27%)
7,828.31 EUR (+2.54%)
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 FR INDEX as long as the price remains well above 7,610.90 EUR. The buyers' bullish objective is set at 7,731.23 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7,828.31 EUR. If there is any crossing, the next objective would be the resistance located at 8,007.68 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, 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
8.8
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Additional analysis
Quotes
The PRT FR INDEX price is 7,634.14 EUR. The price registered an increase of +2.28% on the session and was traded between 7,545.95 EUR and 7,648.95 EUR over the period. The price is currently at +1.17% from its lowest and -0.19% from its highest.7,545.95
7,648.95
7,634.14
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this PRT FR INDEX chart shows a strongly bullish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 7,533.09 | 7,577.00 | 7,610.90 | 7,634.14 |
| Change (%) | -1.32% | -0.75% | -0.30% | - |
| Change | -101.05 | -57.14 | -23.24 | - |
| Level | Minor | 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 | 7,467.41 | 7,506.68 | 7,570.41 | 7,609.68 | 7,673.41 | 7,712.68 | 7,776.41 |
| Camarilla | 7,605.82 | 7,615.26 | 7,624.70 | 7,634.14 | 7,643.58 | 7,653.02 | 7,662.47 |
| Woodie | 7,479.64 | 7,512.80 | 7,582.64 | 7,615.80 | 7,685.64 | 7,718.80 | 7,788.64 |
| Fibonacci | 7,506.68 | 7,546.03 | 7,570.33 | 7,609.68 | 7,649.03 | 7,673.33 | 7,712.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,178.33 | 7,275.41 | 7,454.78 | 7,551.86 | 7,731.23 | 7,828.31 | 8,007.68 |
| Camarilla | 7,558.12 | 7,583.46 | 7,608.80 | 7,634.14 | 7,659.48 | 7,684.82 | 7,710.16 |
| Woodie | 7,219.47 | 7,295.98 | 7,495.92 | 7,572.43 | 7,772.37 | 7,848.88 | 8,048.82 |
| Fibonacci | 7,275.41 | 7,381.02 | 7,446.26 | 7,551.86 | 7,657.47 | 7,722.71 | 7,828.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,008.57 | 7,160.64 | 7,351.91 | 7,503.98 | 7,695.25 | 7,847.32 | 8,038.59 |
| Camarilla | 7,448.76 | 7,480.23 | 7,511.71 | 7,543.18 | 7,574.65 | 7,606.13 | 7,637.60 |
| Woodie | 7,028.17 | 7,170.44 | 7,371.51 | 7,513.78 | 7,714.85 | 7,857.12 | 8,058.19 |
| Fibonacci | 7,160.64 | 7,291.80 | 7,372.82 | 7,503.98 | 7,635.14 | 7,716.16 | 7,847.32 |
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): | 78.65 | |
| MACD (12,26,9): | 58.9600 | |
| Directional Movement: | 35.14 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 7,621.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,545.34 | |
| Elder Ray (13): | 52.89 | |
| Super Trend (3,10): | 7,558.55 | |
| Zig ZAG (10): | 7,634.14 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 96.61 | |
| TEMA (21): | 7,655.35 | |
| Williams %R (14): | -6.21 | |
| Chande Momentum Oscillator (20): | 190.10 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 4.96 |
| MA7: | 7,446.89 | |
| MA20: | 7,438.48 | |
| MA50: | 7,420.27 | |
| MA100: | 7,247.54 | |
| MAexp7: | 7,618.92 | |
| MAexp20: | 7,549.90 | |
| MAexp50: | 7,481.72 | |
| MAexp100: | 7,453.10 | |
| Price / MA7: | +2.51% | |
| Price / MA20: | +2.63% | |
| Price / MA50: | +2.88% | |
| Price / MA100: | +5.33% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +1.12% | |
| Price / MAexp50: | +2.04% | |
| Price / MAexp100: | +2.43% |
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.
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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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