ESTX BAS RES EUR (PRICE) - 1H - Technical analysis published on 12/07/2022 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 231.60 EUR
My targets
237.72 EUR (+1.85%)
241.30 EUR (+3.38%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ESTX BAS RES EUR (PRICE) as long as the price remains well above 231.60 EUR. The buyers' bullish objective is set at 237.72 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 241.30 EUR. If there is any crossing, the next objective would be the resistance located at 249.15 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.5
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This analysis was given by Londinia.
Additional analysis
Quotes
The ESTX BAS RES EUR (PRICE) rating is 233.41 EUR. On the day, this instrument lost -0.03% and was between 230.57 EUR and 233.65 EUR. This implies that the price is at +1.23% from its lowest and at -0.10% from its highest.230.57
233.65
233.41
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ESTX BAS RES EUR (PRICE) chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 229.82 | 231.60 | 233.39 | 233.41 | 237.72 | 241.30 | 249.15 |
| Change (%) | -1.54% | -0.78% | -0.01% | - | +1.85% | +3.38% | +6.74% |
| Change | -3.59 | -1.81 | -0.02 | - | +4.31 | +7.89 | +15.74 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Minor |
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 | 231.29 | 231.91 | 232.69 | 233.31 | 234.09 | 234.71 | 235.49 |
| Camarilla | 233.09 | 233.21 | 233.34 | 233.47 | 233.60 | 233.73 | 233.86 |
| Woodie | 231.37 | 231.95 | 232.77 | 233.35 | 234.17 | 234.75 | 235.57 |
| Fibonacci | 231.91 | 232.45 | 232.78 | 233.31 | 233.85 | 234.18 | 234.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 219.13 | 222.03 | 227.18 | 230.08 | 235.23 | 238.13 | 243.28 |
| Camarilla | 230.12 | 230.85 | 231.59 | 232.33 | 233.07 | 233.81 | 234.54 |
| Woodie | 220.26 | 222.59 | 228.31 | 230.64 | 236.36 | 238.69 | 244.41 |
| Fibonacci | 222.03 | 225.11 | 227.01 | 230.08 | 233.16 | 235.06 | 238.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 193.06 | 201.07 | 215.64 | 223.65 | 238.22 | 246.23 | 260.80 |
| Camarilla | 224.00 | 226.07 | 228.14 | 230.21 | 232.28 | 234.35 | 236.42 |
| Woodie | 196.34 | 202.71 | 218.92 | 225.29 | 241.50 | 247.87 | 264.08 |
| Fibonacci | 201.07 | 209.70 | 215.02 | 223.65 | 232.28 | 237.60 | 246.23 |
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): | 46.43 | |
| MACD (12,26,9): | -0.2700 | |
| Directional Movement: | -10.46 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 232.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 233.27 | |
| Elder Ray (13): | -0.32 | |
| Super Trend (3,10): | 234.96 | |
| Zig ZAG (10): | 232.30 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 48.81 | |
| TEMA (21): | 231.83 | |
| Williams %R (14): | -46.43 | |
| Chande Momentum Oscillator (20): | -0.80 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.57 |
| MA7: | 231.80 | |
| MA20: | 229.06 | |
| MA50: | 219.76 | |
| MA100: | 217.52 | |
| MAexp7: | 232.26 | |
| MAexp20: | 232.79 | |
| MAexp50: | 232.22 | |
| MAexp100: | 230.59 | |
| Price / MA7: | +0.69% | |
| Price / MA20: | +1.90% | |
| Price / MA50: | +6.21% | |
| Price / MA100: | +7.31% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.51% | |
| Price / MAexp100: | +1.22% |
Quotes :
-
15 min delayed data
-
STOXX Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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