CLERHP ESTR. - Daily - Technical analysis published on 10/31/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 1.563 EUR
My targets
1.337 EUR (-11.48%)
1.300 EUR (-13.91%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CLERHP ESTR.. As long as you are under the resistance located at 1.563 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.337 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.300 EUR as an objective. Crossing it would then enable sellers to target 1.168 EUR. If the resistance 1.563 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CLERHP ESTR. rating is 1.510 EUR. The price has increased by +14.39% since the last closing and was between 1.420 EUR and 1.550 EUR. This implies that the price is at +6.34% from its lowest and at -2.58% from its highest.1.420
1.550
1.510
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CLERHP ESTR. chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 1.168 | 1.300 | 1.493 | 1.510 | 1.685 | 1.833 | 1.930 |
| Change (%) | -22.65% | -13.91% | -1.13% | - | +11.59% | +21.39% | +27.81% |
| Change | -0.342 | -0.210 | -0.017 | - | +0.175 | +0.323 | +0.420 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.260 | 1.280 | 1.300 | 1.320 | 1.340 | 1.360 | 1.380 |
| Camarilla | 1.309 | 1.313 | 1.316 | 1.320 | 1.324 | 1.327 | 1.331 |
| Woodie | 1.260 | 1.280 | 1.300 | 1.320 | 1.340 | 1.360 | 1.380 |
| Fibonacci | 1.280 | 1.295 | 1.305 | 1.320 | 1.335 | 1.345 | 1.360 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.193 | 1.247 | 1.283 | 1.337 | 1.373 | 1.427 | 1.463 |
| Camarilla | 1.295 | 1.304 | 1.312 | 1.320 | 1.328 | 1.337 | 1.345 |
| Woodie | 1.185 | 1.243 | 1.275 | 1.333 | 1.365 | 1.423 | 1.455 |
| Fibonacci | 1.247 | 1.281 | 1.302 | 1.337 | 1.371 | 1.392 | 1.427 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.977 | 1.203 | 1.337 | 1.563 | 1.697 | 1.923 | 2.057 |
| Camarilla | 1.371 | 1.404 | 1.437 | 1.470 | 1.503 | 1.536 | 1.569 |
| Woodie | 0.930 | 1.180 | 1.290 | 1.540 | 1.650 | 1.900 | 2.010 |
| Fibonacci | 1.203 | 1.341 | 1.426 | 1.563 | 1.701 | 1.786 | 1.923 |
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): | 54.57 | |
| MACD (12,26,9): | -0.0550 | |
| Directional Movement: | 10.989 | |
| AROON (14): | 14.286 | |
| DEMA (21): | 1.362 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.300 | |
| Elder Ray (13): | 0.071 | |
| Super Trend (3,10): | 1.287 | |
| Zig ZAG (10): | 1.510 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 38.53 | |
| TEMA (21): | 1.370 | |
| Williams %R (14): | -16.00 | |
| Chande Momentum Oscillator (20): | 0.070 | |
| Repulse (5,40,3): | 6.7120 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6010 | |
| Courbe Coppock: | 11.46 |
| MA7: | 1.377 | |
| MA20: | 1.436 | |
| MA50: | 1.581 | |
| MA100: | 1.752 | |
| MAexp7: | 1.401 | |
| MAexp20: | 1.441 | |
| MAexp50: | 1.558 | |
| MAexp100: | 1.652 | |
| Price / MA7: | +9.66% | |
| Price / MA20: | +5.15% | |
| Price / MA50: | -4.49% | |
| Price / MA100: | -13.81% | |
| Price / MAexp7: | +7.78% | |
| Price / MAexp20: | +4.79% | |
| Price / MAexp50: | -3.08% | |
| Price / MAexp100: | -8.60% |
Quotes :
-
15 min delayed data
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Spain Stocks
News
Don't forget to follow the news on CLERHP ESTR.. At the time of publication of this analysis, the latest news was as follows:
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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