ESTX FD&BVR EUR (PRICE) - 1H - Technical analysis published on 03/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
50%
28%
My opinion
Bearish under 528.56 EUR
My targets
522.54 EUR (-0.79%)
514.84 EUR (-2.25%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for ESTX FD&BVR EUR (PRICE) as long as the price remains well below 528.56 EUR. The next bearish objective for sellers is set at 522.54 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 514.84 EUR. In case of crossing, the next objective would be the support located at 500.77 EUR. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 522.54 EUR. With this support, against the trend traders who want to buy ESTX FD&BVR EUR (PRICE) on a buy signal from their trading strategy should not hesitate to act.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.3
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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 526.69 EUR. The price is lower by -0.02% since the last closing and was traded between 524.72 EUR and 530.10 EUR over the period. The price is currently at +0.38% from its lowest and -0.64% from its highest.524.72
530.10
526.69
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ESTX FD&BVR EUR (PRICE):
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ESTX FD&BVR EUR (PRICE) indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
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
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 500.77 | 514.84 | 522.54 | 526.69 | 528.56 | 531.65 | 592.72 |
| Change (%) | -4.92% | -2.25% | -0.79% | - | +0.36% | +0.94% | +12.54% |
| Change | -25.92 | -11.85 | -4.15 | - | +1.87 | +4.96 | +66.03 |
| Level | Minor | Major | Minor | - | Major | Major | 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 | 521.11 | 523.95 | 525.37 | 528.21 | 529.63 | 532.47 | 533.89 |
| Camarilla | 525.62 | 526.01 | 526.40 | 526.79 | 527.18 | 527.57 | 527.96 |
| Woodie | 520.40 | 523.60 | 524.66 | 527.86 | 528.92 | 532.12 | 533.18 |
| Fibonacci | 523.95 | 525.58 | 526.58 | 528.21 | 529.84 | 530.84 | 532.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 498.91 | 505.71 | 518.06 | 524.86 | 537.21 | 544.01 | 556.36 |
| Camarilla | 525.15 | 526.91 | 528.67 | 530.42 | 532.18 | 533.93 | 535.69 |
| Woodie | 501.70 | 507.10 | 520.85 | 526.25 | 540.00 | 545.40 | 559.15 |
| Fibonacci | 505.71 | 513.02 | 517.54 | 524.86 | 532.17 | 536.69 | 544.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 465.26 | 480.45 | 501.26 | 516.45 | 537.26 | 552.45 | 573.26 |
| Camarilla | 512.16 | 515.46 | 518.76 | 522.06 | 525.36 | 528.66 | 531.96 |
| Woodie | 468.06 | 481.86 | 504.06 | 517.86 | 540.06 | 553.86 | 576.06 |
| Fibonacci | 480.45 | 494.21 | 502.70 | 516.45 | 530.21 | 538.70 | 552.45 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.05 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | -13.64 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 528.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 525.62 | |
| Elder Ray (13): | -1.83 | |
| Super Trend (3,10): | 525.63 | |
| Zig ZAG (10): | 526.69 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 49.94 | |
| TEMA (21): | 528.01 | |
| Williams %R (14): | -63.38 | |
| Chande Momentum Oscillator (20): | -2.26 | |
| Repulse (5,40,3): | -0.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.43 |
| MA7: | 525.67 | |
| MA20: | 517.59 | |
| MA50: | 509.25 | |
| MA100: | 501.62 | |
| MAexp7: | 527.95 | |
| MAexp20: | 528.18 | |
| MAexp50: | 527.25 | |
| MAexp100: | 524.53 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | +1.76% | |
| Price / MA50: | +3.42% | |
| Price / MA100: | +5.00% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | +0.41% |
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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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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