PRT FR INDEX

FRIDX

- EUR (-)

- 15 min delayed data - Euronext Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	FRIDX
ISIN:

PRT FR INDEX - 1H - Technical analysis published on 01/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

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

8.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

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:

The Central Records scanner for higher/lower results shows the following items:

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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

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

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 - Euronext Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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