ESTX AUT&PRT EUR (PRICE) - 1H - Technical analysis published on 10/02/2023 (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:
Neutral
Underlying:
Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 581.54 EUR
My targets
575.98 EUR (-0.59%)
568.13 EUR (-1.94%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ESTX AUT&PRT EUR (PRICE). As long as you are under the resistance located at 581.54 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 575.98 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 568.13 EUR as an objective. Crossing it would then enable sellers to target 546.14 EUR. If the resistance 581.54 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
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 AUT&PRT EUR (PRICE) rating is 579.38 EUR. The price is lower by -0.10% since the last closing and was between 576.45 EUR and 583.95 EUR. This implies that the price is at +0.51% from its lowest and at -0.78% from its highest.576.45
583.95
579.38
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ESTX AUT&PRT EUR (PRICE) indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 546.14 | 568.13 | 575.98 | 579.38 | 581.54 | 586.23 | 591.69 |
| Change (%) | -5.74% | -1.94% | -0.59% | - | +0.37% | +1.18% | +2.12% |
| Change | -33.24 | -11.25 | -3.40 | - | +2.16 | +6.85 | +12.31 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 572.52 | 575.91 | 577.93 | 581.32 | 583.34 | 586.73 | 588.75 |
| Camarilla | 578.47 | 578.97 | 579.46 | 579.96 | 580.46 | 580.95 | 581.45 |
| Woodie | 571.85 | 575.57 | 577.26 | 580.98 | 582.67 | 586.39 | 588.08 |
| Fibonacci | 575.91 | 577.97 | 579.25 | 581.32 | 583.38 | 584.66 | 586.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 550.36 | 559.53 | 569.74 | 578.91 | 589.12 | 598.29 | 608.50 |
| Camarilla | 574.63 | 576.41 | 578.18 | 579.96 | 581.74 | 583.51 | 585.29 |
| Woodie | 550.89 | 559.79 | 570.27 | 579.17 | 589.65 | 598.55 | 609.03 |
| Fibonacci | 559.53 | 566.93 | 571.50 | 578.91 | 586.31 | 590.88 | 598.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 528.87 | 547.44 | 563.70 | 582.27 | 598.53 | 617.10 | 633.36 |
| Camarilla | 570.38 | 573.58 | 576.77 | 579.96 | 583.15 | 586.35 | 589.54 |
| Woodie | 527.72 | 546.86 | 562.55 | 581.69 | 597.38 | 616.52 | 632.21 |
| Fibonacci | 547.44 | 560.75 | 568.97 | 582.27 | 595.58 | 603.80 | 617.10 |
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): | 49.51 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | -6.69 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 580.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 583.60 | |
| Elder Ray (13): | -1.71 | |
| Super Trend (3,10): | 575.98 | |
| Zig ZAG (10): | 579.38 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 14.68 | |
| TEMA (21): | 580.39 | |
| Williams %R (14): | -64.48 | |
| Chande Momentum Oscillator (20): | -4.61 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.72 |
| MA7: | 579.79 | |
| MA20: | 582.30 | |
| MA50: | 591.44 | |
| MA100: | 596.42 | |
| MAexp7: | 579.36 | |
| MAexp20: | 579.69 | |
| MAexp50: | 579.93 | |
| MAexp100: | 581.18 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -0.50% | |
| Price / MA50: | -2.04% | |
| Price / MA100: | -2.86% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.31% |
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
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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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