ESTX CHEM EUR (PRICE)

SX4E

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SX4E
ISIN:	EU0009658228

ESTX CHEM EUR (PRICE) - Daily - Technical analysis published on 04/03/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 1,371.09 EUR

My targets

1,486.94 EUR (+2.80%)

1,558.71 EUR (+7.76%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ESTX CHEM EUR (PRICE) as long as the price remains well above 1,371.09 EUR. The buyers' bullish objective is set at 1,486.94 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,558.71 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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 ESTX CHEM EUR (PRICE) rating is 1,446.48 EUR. On the day, this instrument lost -0.02% and was between 1,439.09 EUR and 1,449.74 EUR. This implies that the price is at +0.51% from its lowest and at -0.22% from its highest.

1,439.09

1,449.74

1,446.48

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ESTX CHEM EUR (PRICE):

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

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

A technical analysis in Daily of this ESTX CHEM EUR (PRICE) chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	1,268.87	1,304.56	1,371.09	1,446.48	1,450.34	1,558.71
Change (%)	-12.28%	-9.81%	-5.21%	-	+0.27%	+7.76%
Change	-177.61	-141.92	-75.39	-	+3.86	+112.23
Level	Minor	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	1,418.92	1,425.87	1,436.28	1,443.23	1,453.64	1,460.59	1,471.00
Camarilla	1,441.92	1,443.51	1,445.10	1,446.69	1,448.28	1,449.87	1,451.46
Woodie	1,420.65	1,426.74	1,438.01	1,444.10	1,455.37	1,461.46	1,472.73
Fibonacci	1,425.87	1,432.50	1,436.60	1,443.23	1,449.86	1,453.96	1,460.59

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,333.62	1,357.63	1,402.16	1,426.17	1,470.70	1,494.71	1,539.24
Camarilla	1,427.84	1,434.12	1,440.41	1,446.69	1,452.97	1,459.26	1,465.54
Woodie	1,343.88	1,362.76	1,412.42	1,431.30	1,480.96	1,499.84	1,549.50
Fibonacci	1,357.63	1,383.81	1,399.99	1,426.17	1,452.35	1,468.53	1,494.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,273.88	1,314.13	1,380.41	1,420.66	1,486.94	1,527.19	1,593.47
Camarilla	1,417.39	1,427.16	1,436.93	1,446.69	1,456.46	1,466.22	1,475.99
Woodie	1,286.90	1,320.64	1,393.43	1,427.17	1,499.96	1,533.70	1,606.49
Fibonacci	1,314.13	1,354.82	1,379.97	1,420.66	1,461.35	1,486.50	1,527.19

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):	59.22
MACD (12,26,9):	2.8000
Directional Movement:	4.28
AROON (14):	64.29
DEMA (21):	1,416.80
Parabolic SAR (0,02-0,02-0,2):	1,373.74
Elder Ray (13):	27.08
Super Trend (3,10):	1,454.85
Zig ZAG (10):	1,446.48
VORTEX (21):	0.9600
Stochastique (14,3,5):	95.43
TEMA (21):	1,419.93
Williams %R (14):	-3.86
Chande Momentum Oscillator (20):	58.06
Repulse (5,40,3):	2.0600
ROCnROLL:	1
TRIX (15,9):	-0.0400
Courbe Coppock:	1.80

MA7:	1,416.71
MA20:	1,408.80
MA50:	1,418.84
MA100:	1,404.80
MAexp7:	1,425.36
MAexp20:	1,415.33
MAexp50:	1,411.45
MAexp100:	1,396.36
Price / MA7:	+2.10%
Price / MA20:	+2.67%
Price / MA50:	+1.95%
Price / MA100:	+2.97%
Price / MAexp7:	+1.48%
Price / MAexp20:	+2.20%
Price / MAexp50:	+2.48%
Price / MAexp100:	+3.59%

Quotes : - 15 min delayed data - STOXX Indices

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

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