ESTX UTIL EUR (PRICE) - Daily - Technical analysis published on 09/05/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 346.06 EUR
My targets
330.47 EUR (-2.25%)
324.87 EUR (-3.90%)
My analysis
The bearish trend is currently very strong for ESTX UTIL EUR (PRICE). As long as the price remains below the resistance at 346.06 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 330.47 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 324.87 EUR as an objective. Crossing it would then enable sellers to target 303.38 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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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 UTIL EUR (PRICE) rating is 338.07 EUR. The price is lower by -0.25% since the last closing and was between 330.40 EUR and 338.12 EUR. This implies that the price is at +2.32% from its lowest and at -0.01% from its highest.330.40
338.12
338.07
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ESTX UTIL EUR (PRICE) indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 2 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 303.38 | 324.87 | 330.47 | 338.07 | 346.06 | 364.49 | 374.60 |
| Change (%) | -10.26% | -3.90% | -2.25% | - | +2.36% | +7.81% | +10.81% |
| Change | -34.69 | -13.20 | -7.60 | - | +7.99 | +26.42 | +36.53 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Intermediate |
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 | 329.06 | 331.06 | 334.98 | 336.98 | 340.90 | 342.90 | 346.82 |
| Camarilla | 337.27 | 337.82 | 338.36 | 338.90 | 339.44 | 339.99 | 340.53 |
| Woodie | 330.02 | 331.54 | 335.94 | 337.46 | 341.86 | 343.38 | 347.78 |
| Fibonacci | 331.06 | 333.32 | 334.72 | 336.98 | 339.24 | 340.64 | 342.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 308.55 | 319.60 | 329.25 | 340.30 | 349.95 | 361.00 | 370.65 |
| Camarilla | 333.21 | 335.11 | 337.00 | 338.90 | 340.80 | 342.70 | 344.59 |
| Woodie | 307.85 | 319.25 | 328.55 | 339.95 | 349.25 | 360.65 | 369.95 |
| Fibonacci | 319.60 | 327.51 | 332.39 | 340.30 | 348.21 | 353.09 | 361.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 293.28 | 313.95 | 324.33 | 345.00 | 355.38 | 376.05 | 386.43 |
| Camarilla | 326.18 | 329.03 | 331.87 | 334.72 | 337.57 | 340.41 | 343.26 |
| Woodie | 288.15 | 311.38 | 319.20 | 342.43 | 350.25 | 373.48 | 381.30 |
| Fibonacci | 313.95 | 325.81 | 333.14 | 345.00 | 356.86 | 364.19 | 376.05 |
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): | 36.63 | |
| MACD (12,26,9): | -2.7600 | |
| Directional Movement: | -19.64 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 345.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 352.36 | |
| Elder Ray (13): | -11.10 | |
| Super Trend (3,10): | 350.13 | |
| Zig ZAG (10): | 337.06 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 17.56 | |
| TEMA (21): | 341.21 | |
| Williams %R (14): | -79.31 | |
| Chande Momentum Oscillator (20): | -23.31 | |
| Repulse (5,40,3): | 0.6400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 9.77 |
| MA7: | 340.62 | |
| MA20: | 352.59 | |
| MA50: | 344.14 | |
| MA100: | 353.65 | |
| MAexp7: | 341.19 | |
| MAexp20: | 347.19 | |
| MAexp50: | 348.49 | |
| MAexp100: | 352.21 | |
| Price / MA7: | -0.75% | |
| Price / MA20: | -4.12% | |
| Price / MA50: | -1.76% | |
| Price / MA100: | -4.41% | |
| Price / MAexp7: | -0.91% | |
| Price / MAexp20: | -2.63% | |
| Price / MAexp50: | -2.99% | |
| Price / MAexp100: | -4.01% |
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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