ESTX HEA CARE EUR (PRICE) - 1H - Technical analysis published on 03/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 760.25 EUR
My targets
755.87 EUR (-0.29%)
752.54 EUR (-0.73%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 760.25 EUR remains possible. It is advisable to trade ESTX HEA CARE EUR (PRICE) with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 760.25 EUR. The next bearish objective for sellers is set at 755.87 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 752.54 EUR. In case of crossing, the next objective would be the support located at 749.85 EUR. PS: if there is a bullish break in the resistance located at 760.25 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.1
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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 HEA CARE EUR (PRICE) price is 758.04 EUR. On the day, this instrument lost -0.02% and was between 755.80 EUR and 760.20 EUR. This implies that the price is at +0.30% from its lowest and at -0.28% from its highest.755.80
760.20
758.04
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ESTX HEA CARE EUR (PRICE):
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ESTX HEA CARE EUR (PRICE) chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 749.85 | 752.54 | 755.87 | 758.04 | 760.25 | 763.26 | 766.96 |
| Change (%) | -1.08% | -0.73% | -0.29% | - | +0.29% | +0.69% | +1.18% |
| Change | -8.19 | -5.50 | -2.17 | - | +2.21 | +5.22 | +8.92 |
| Level | Intermediate | Major | Minor | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 748.35 | 750.50 | 754.35 | 756.50 | 760.35 | 762.50 | 766.35 |
| Camarilla | 756.54 | 757.09 | 757.64 | 758.19 | 758.74 | 759.29 | 759.84 |
| Woodie | 749.19 | 750.93 | 755.19 | 756.93 | 761.19 | 762.93 | 767.19 |
| Fibonacci | 750.50 | 752.80 | 754.21 | 756.50 | 758.80 | 760.21 | 762.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 748.45 | 754.27 | 757.19 | 763.01 | 765.93 | 771.75 | 774.67 |
| Camarilla | 757.70 | 758.50 | 759.30 | 760.10 | 760.90 | 761.70 | 762.50 |
| Woodie | 746.99 | 753.55 | 755.73 | 762.29 | 764.47 | 771.03 | 773.21 |
| Fibonacci | 754.27 | 757.61 | 759.68 | 763.01 | 766.35 | 768.42 | 771.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 698.67 | 715.15 | 733.98 | 750.46 | 769.29 | 785.77 | 804.60 |
| Camarilla | 743.10 | 746.34 | 749.57 | 752.81 | 756.05 | 759.28 | 762.52 |
| Woodie | 699.85 | 715.74 | 735.16 | 751.05 | 770.47 | 786.36 | 805.78 |
| Fibonacci | 715.15 | 728.64 | 736.97 | 750.46 | 763.95 | 772.28 | 785.77 |
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): | 48.22 | |
| MACD (12,26,9): | -0.7200 | |
| Directional Movement: | -4.63 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 756.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 755.68 | |
| Elder Ray (13): | 1.16 | |
| Super Trend (3,10): | 760.08 | |
| Zig ZAG (10): | 758.40 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 88.71 | |
| TEMA (21): | 757.47 | |
| Williams %R (14): | -20.56 | |
| Chande Momentum Oscillator (20): | 3.32 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.39 |
| MA7: | 761.47 | |
| MA20: | 760.29 | |
| MA50: | 754.55 | |
| MA100: | 751.38 | |
| MAexp7: | 758.33 | |
| MAexp20: | 758.11 | |
| MAexp50: | 759.90 | |
| MAexp100: | 760.03 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | -0.30% | |
| Price / MA50: | +0.46% | |
| Price / MA100: | +0.89% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.26% |
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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