ESTX TELECOM EUR (PRICE) - 1H - Technical analysis published on 03/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 294.79 EUR
My targets
290.60 EUR (-0.89%)
286.36 EUR (-2.34%)
My analysis
ESTX TELECOM EUR (PRICE) is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 294.79 EUR. The next support located at 290.60 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 286.36 EUR. Below this support, sellers could then target 282.62 EUR.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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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 TELECOM EUR (PRICE) rating is 293.22 EUR. On the day, this instrument lost -0.01% and was traded between 291.10 EUR and 294.34 EUR over the period. The price is currently at +0.73% from its lowest and -0.38% from its highest.291.10
294.34
293.22
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
Here is a more detailed summary of the historical variations registered by ESTX TELECOM EUR (PRICE):
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ESTX TELECOM EUR (PRICE) chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 282.62 | 286.36 | 290.60 | 293.22 | 294.79 | 297.73 | 300.25 |
| Change (%) | -3.62% | -2.34% | -0.89% | - | +0.54% | +1.54% | +2.40% |
| Change | -10.60 | -6.86 | -2.62 | - | +1.57 | +4.51 | +7.03 |
| Level | Major | Major | 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 | 287.03 | 289.75 | 291.50 | 294.22 | 295.97 | 298.69 | 300.44 |
| Camarilla | 292.02 | 292.43 | 292.84 | 293.25 | 293.66 | 294.07 | 294.48 |
| Woodie | 286.55 | 289.51 | 291.02 | 293.98 | 295.49 | 298.45 | 299.96 |
| Fibonacci | 289.75 | 291.46 | 292.51 | 294.22 | 295.93 | 296.98 | 298.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 286.27 | 289.91 | 292.03 | 295.67 | 297.79 | 301.43 | 303.55 |
| Camarilla | 292.57 | 293.09 | 293.62 | 294.15 | 294.68 | 295.21 | 295.73 |
| Woodie | 285.51 | 289.53 | 291.27 | 295.29 | 297.03 | 301.05 | 302.79 |
| Fibonacci | 289.91 | 292.11 | 293.47 | 295.67 | 297.87 | 299.23 | 301.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 261.84 | 270.32 | 282.36 | 290.84 | 302.88 | 311.36 | 323.40 |
| Camarilla | 288.77 | 290.65 | 292.53 | 294.41 | 296.29 | 298.17 | 300.05 |
| Woodie | 263.63 | 271.21 | 284.15 | 291.73 | 304.67 | 312.25 | 325.19 |
| Fibonacci | 270.32 | 278.16 | 283.00 | 290.84 | 298.68 | 303.52 | 311.36 |
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): | 41.62 | |
| MACD (12,26,9): | -0.6500 | |
| Directional Movement: | -18.05 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 293.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 291.63 | |
| Elder Ray (13): | -0.49 | |
| Super Trend (3,10): | 296.04 | |
| Zig ZAG (10): | 293.32 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 43.60 | |
| TEMA (21): | 293.04 | |
| Williams %R (14): | -61.01 | |
| Chande Momentum Oscillator (20): | -1.30 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.51 |
| MA7: | 294.71 | |
| MA20: | 289.61 | |
| MA50: | 281.18 | |
| MA100: | 275.04 | |
| MAexp7: | 293.60 | |
| MAexp20: | 294.34 | |
| MAexp50: | 294.84 | |
| MAexp100: | 293.62 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | +1.25% | |
| Price / MA50: | +4.28% | |
| Price / MA100: | +6.61% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.38% | |
| Price / MAexp50: | -0.55% | |
| Price / MAexp100: | -0.14% |
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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