ESTX UTIL EUR (PRICE)

SX6E

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SX6E
ISIN:	EU0009658582

ESTX UTIL EUR (PRICE) - 1H - Technical analysis published on 09/07/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

78%

17%

My opinion

Bullish above 361.14 EUR

My targets

371.62 EUR (+1.93%)

373.37 EUR (+2.41%)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on ESTX UTIL EUR (PRICE) as long as the price remains well above 361.14 EUR. The buyers' bullish objective is set at 371.62 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 373.37 EUR. If there is any crossing, the next objective would be the resistance located at 381.43 EUR.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.2

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 UTIL EUR (PRICE) price is 364.59 EUR. On the day, this instrument gained +1.30% and was traded between 357.88 EUR and 364.91 EUR over the period. The price is currently at +1.87% from its lowest and -0.09% from its highest.

357.88

364.91

364.59

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ESTX UTIL EUR (PRICE) in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	355.23	357.14	361.14	364.59	364.79	371.62	373.37
Change (%)	-2.57%	-2.04%	-0.95%	-	+0.05%	+1.93%	+2.41%
Change	-9.36	-7.45	-3.45	-	+0.20	+7.03	+8.78
Level	Major	Intermediate	Minor	-	Major	Minor	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	353.85	355.49	357.70	359.34	361.55	363.19	365.40
Camarilla	358.86	359.21	359.57	359.92	360.27	360.63	360.98
Woodie	354.15	355.63	358.00	359.48	361.85	363.33	365.70
Fibonacci	355.49	356.96	357.87	359.34	360.81	361.72	363.19

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	354.11	359.53	362.48	367.90	370.85	376.27	379.22
Camarilla	363.12	363.89	364.65	365.42	366.19	366.96	367.72
Woodie	352.87	358.91	361.24	367.28	369.61	375.65	377.98
Fibonacci	359.53	362.73	364.71	367.90	371.10	373.08	376.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	332.68	343.39	355.72	366.43	378.76	389.47	401.80
Camarilla	361.71	363.83	365.94	368.05	370.16	372.27	374.39
Woodie	333.49	343.80	356.53	366.84	379.57	389.88	402.61
Fibonacci	343.39	352.19	357.63	366.43	375.23	380.67	389.47

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):	60.77
MACD (12,26,9):	0.3800
Directional Movement:	3.27
AROON (14):	42.85
DEMA (21):	362.50
Parabolic SAR (0,02-0,02-0,2):	360.54
Elder Ray (13):	1.67
Super Trend (3,10):	360.38
Zig ZAG (10):	364.59
VORTEX (21):	1.0400
Stochastique (14,3,5):	94.03
TEMA (21):	363.92
Williams %R (14):	-4.55
Chande Momentum Oscillator (20):	4.86
Repulse (5,40,3):	0.5400
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	2.48

MA7:	363.96
MA20:	362.69
MA50:	368.47
MA100:	373.90
MAexp7:	363.63
MAexp20:	362.45
MAexp50:	363.34
MAexp100:	364.02
Price / MA7:	+0.17%
Price / MA20:	+0.52%
Price / MA50:	-1.05%
Price / MA100:	-2.49%
Price / MAexp7:	+0.26%
Price / MAexp20:	+0.59%
Price / MAexp50:	+0.34%
Price / MAexp100:	+0.16%

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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Londinia AI

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