ESTX TELECOM EUR (PRICE) - 1H - Technical analysis published on 01/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 270.17 EUR
My targets
280.09 EUR (+1.65%)
282.81 EUR (+2.64%)
My analysis
The bullish trend is currently very strong on ESTX TELECOM EUR (PRICE). As long as the price remains above the support at 270.17 EUR, you could try to benefit from the boom. The first bullish objective is located at 280.09 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 282.81 EUR as an objective. Crossing it would then enable buyers to target 288.73 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
0
10
8
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Additional analysis
Quotes
The ESTX TELECOM EUR (PRICE) rating is 275.53 EUR. The price registered a decrease of -0.04% on the session and was between 274.12 EUR and 276.18 EUR. This implies that the price is at +0.51% from its lowest and at -0.24% from its highest.274.12
276.18
275.53
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ESTX TELECOM EUR (PRICE) in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 265.23 | 268.17 | 270.17 | 275.53 | 275.73 | 282.81 | 288.73 |
Change (%) | -3.74% | -2.67% | -1.95% | - | +0.07% | +2.64% | +4.79% |
Change | -10.30 | -7.36 | -5.36 | - | +0.20 | +7.28 | +13.20 |
Level | Intermediate | Intermediate | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 273.06 | 273.64 | 274.63 | 275.21 | 276.20 | 276.78 | 277.77 |
Camarilla | 275.20 | 275.34 | 275.49 | 275.63 | 275.77 | 275.92 | 276.06 |
Woodie | 273.28 | 273.74 | 274.85 | 275.31 | 276.42 | 276.88 | 277.99 |
Fibonacci | 273.64 | 274.24 | 274.61 | 275.21 | 275.81 | 276.18 | 276.78 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 253.63 | 258.09 | 266.86 | 271.32 | 280.09 | 284.55 | 293.32 |
Camarilla | 271.99 | 273.21 | 274.42 | 275.63 | 276.84 | 278.06 | 279.27 |
Woodie | 255.79 | 259.17 | 269.02 | 272.40 | 282.25 | 285.63 | 295.48 |
Fibonacci | 258.09 | 263.14 | 266.27 | 271.32 | 276.37 | 279.50 | 284.55 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 234.86 | 247.46 | 254.64 | 267.24 | 274.42 | 287.02 | 294.20 |
Camarilla | 256.37 | 258.18 | 260.00 | 261.81 | 263.62 | 265.44 | 267.25 |
Woodie | 232.14 | 246.11 | 251.92 | 265.89 | 271.70 | 285.67 | 291.48 |
Fibonacci | 247.46 | 255.02 | 259.69 | 267.24 | 274.80 | 279.47 | 287.02 |
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): | 66.90 | |
MACD (12,26,9): | 1.4400 | |
Directional Movement: | 13.83 | |
AROON (14): | 85.71 | |
DEMA (21): | 275.93 | |
Parabolic SAR (0,02-0,02-0,2): | 276.18 | |
Elder Ray (13): | 0.47 | |
Super Trend (3,10): | 273.19 | |
Zig ZAG (10): | 275.41 | |
VORTEX (21): | 1.1800 | |
Stochastique (14,3,5): | 69.23 | |
TEMA (21): | 275.87 | |
Williams %R (14): | -22.91 | |
Chande Momentum Oscillator (20): | 1.64 | |
Repulse (5,40,3): | 0.1400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0900 | |
Courbe Coppock: | 1.89 |
MA7: | 270.03 | |
MA20: | 267.07 | |
MA50: | 271.20 | |
MA100: | 270.75 | |
MAexp7: | 275.03 | |
MAexp20: | 273.87 | |
MAexp50: | 271.11 | |
MAexp100: | 269.09 | |
Price / MA7: | +2.04% | |
Price / MA20: | +3.17% | |
Price / MA50: | +1.60% | |
Price / MA100: | +1.77% | |
Price / MAexp7: | +0.18% | |
Price / MAexp20: | +0.61% | |
Price / MAexp50: | +1.63% | |
Price / MAexp100: | +2.39% |
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.
About author
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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