ESTX TELECOM EUR (PRICE) - 1H - Technical analysis published on 12/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 268.18 EUR
My targets
263.16 EUR (-0.33%)
261.60 EUR (-0.92%)
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 268.18 EUR remains possible. It is advisable to trade ESTX TELECOM EUR (PRICE) with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 268.18 EUR. The next bearish objective for sellers is set at 263.16 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 261.60 EUR. In case of crossing, the next objective would be the support located at 260.07 EUR. PS: if there is a bullish break in the resistance located at 268.18 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6
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Additional analysis
Quotes
ESTX TELECOM EUR (PRICE) rating 264.03 EUR. The price registered a decrease of -0.02% on the session and was traded between 263.30 EUR and 265.20 EUR over the period. The price is currently at +0.28% from its lowest and -0.44% from its highest.263.30
265.20
264.03
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this ESTX TELECOM EUR (PRICE) chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 260.07 | 261.60 | 263.16 | 264.03 | 268.18 | 269.96 | 273.59 |
| Change (%) | -1.50% | -0.92% | -0.33% | - | +1.57% | +2.25% | +3.62% |
| Change | -3.96 | -2.43 | -0.87 | - | +4.15 | +5.93 | +9.56 |
| Level | Minor | Minor | Intermediate | - | Major | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 261.40 | 262.38 | 263.23 | 264.21 | 265.06 | 266.04 | 266.89 |
| Camarilla | 263.59 | 263.76 | 263.92 | 264.09 | 264.26 | 264.43 | 264.59 |
| Woodie | 261.35 | 262.35 | 263.18 | 264.18 | 265.01 | 266.01 | 266.84 |
| Fibonacci | 262.38 | 263.08 | 263.51 | 264.21 | 264.91 | 265.34 | 266.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 255.26 | 257.86 | 260.97 | 263.57 | 266.68 | 269.28 | 272.39 |
| Camarilla | 262.52 | 263.04 | 263.57 | 264.09 | 264.61 | 265.14 | 265.66 |
| Woodie | 255.53 | 257.99 | 261.24 | 263.70 | 266.95 | 269.41 | 272.66 |
| Fibonacci | 257.86 | 260.04 | 261.39 | 263.57 | 265.75 | 267.10 | 269.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 254.56 | 260.97 | 267.45 | 273.86 | 280.34 | 286.75 | 293.23 |
| Camarilla | 270.40 | 271.58 | 272.76 | 273.94 | 275.12 | 276.30 | 277.49 |
| Woodie | 254.61 | 260.99 | 267.50 | 273.88 | 280.39 | 286.77 | 293.28 |
| Fibonacci | 260.97 | 265.89 | 268.93 | 273.86 | 278.78 | 281.82 | 286.75 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.97 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 6.54 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 264.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 265.42 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 262.75 | |
| Zig ZAG (10): | 264.44 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 56.75 | |
| TEMA (21): | 264.39 | |
| Williams %R (14): | -33.17 | |
| Chande Momentum Oscillator (20): | 0.75 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.19 |
| MA7: | 263.41 | |
| MA20: | 269.43 | |
| MA50: | 269.43 | |
| MA100: | 272.92 | |
| MAexp7: | 264.32 | |
| MAexp20: | 264.11 | |
| MAexp50: | 264.45 | |
| MAexp100: | 266.12 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | -2.00% | |
| Price / MA50: | -2.00% | |
| Price / MA100: | -3.26% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.79% |
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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