ESTX FD&BVR EUR (PRICE) - 1H - Technical analysis published on 01/09/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 501.82 EUR
My targets
508.57 EUR (+0.53%)
511.33 EUR (+1.08%)
My analysis
The basic bullish trend is very strong on ESTX FD&BVR EUR (PRICE) but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 501.82 EUR. Crossing the first resistance at 508.57 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 511.33 EUR as an objective. Crossing it would then enable buyers to target 514.93 EUR. Caution, a return to below 501.82 EUR would be a sign of a consolidation phase in the short-term basic trend. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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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 ESTX FD&BVR EUR (PRICE) price is 505.88 EUR. The price is lower by -0.07% since the last closing and was between 500.66 EUR and 506.44 EUR. This implies that the price is at +1.04% from its lowest and at -0.11% from its highest.500.66
506.44
505.88
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ESTX FD&BVR EUR (PRICE) indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 493.72 | 498.75 | 501.82 | 505.88 | 506.02 | 508.57 | 511.33 |
| Change (%) | -2.40% | -1.41% | -0.80% | - | +0.03% | +0.53% | +1.08% |
| Change | -12.16 | -7.13 | -4.06 | - | +0.14 | +2.69 | +5.45 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 498.30 | 499.89 | 503.05 | 504.64 | 507.80 | 509.39 | 512.55 |
| Camarilla | 504.91 | 505.35 | 505.79 | 506.22 | 506.66 | 507.09 | 507.53 |
| Woodie | 499.10 | 500.28 | 503.85 | 505.03 | 508.60 | 509.78 | 513.35 |
| Fibonacci | 499.89 | 501.70 | 502.82 | 504.64 | 506.45 | 507.57 | 509.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 483.39 | 488.89 | 497.56 | 503.06 | 511.73 | 517.23 | 525.90 |
| Camarilla | 502.32 | 503.62 | 504.92 | 506.22 | 507.52 | 508.82 | 510.12 |
| Woodie | 484.97 | 489.68 | 499.14 | 503.85 | 513.31 | 518.02 | 527.48 |
| Fibonacci | 488.89 | 494.31 | 497.65 | 503.06 | 508.48 | 511.82 | 517.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 459.02 | 474.85 | 484.34 | 500.17 | 509.66 | 525.49 | 534.98 |
| Camarilla | 486.88 | 489.20 | 491.52 | 493.84 | 496.16 | 498.48 | 500.80 |
| Woodie | 455.86 | 473.27 | 481.18 | 498.59 | 506.50 | 523.91 | 531.82 |
| Fibonacci | 474.85 | 484.52 | 490.49 | 500.17 | 509.84 | 515.81 | 525.49 |
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): | 49.88 | |
| MACD (12,26,9): | -0.4900 | |
| Directional Movement: | -5.94 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 502.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 505.48 | |
| Elder Ray (13): | -0.76 | |
| Super Trend (3,10): | 506.69 | |
| Zig ZAG (10): | 503.38 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 21.57 | |
| TEMA (21): | 501.68 | |
| Williams %R (14): | -54.84 | |
| Chande Momentum Oscillator (20): | 0.88 | |
| Repulse (5,40,3): | 0.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.56 |
| MA7: | 501.90 | |
| MA20: | 500.82 | |
| MA50: | 498.96 | |
| MA100: | 493.15 | |
| MAexp7: | 502.83 | |
| MAexp20: | 503.07 | |
| MAexp50: | 502.72 | |
| MAexp100: | 501.94 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | +1.39% | |
| Price / MA100: | +2.58% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +0.63% | |
| Price / MAexp100: | +0.78% |
Quotes :
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15 min delayed data
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STOXX Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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