FTSE4GOODIBX - 1H - Technical analysis published on 09/21/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 8,429.4800 EUR
My targets
8,368.6500 EUR (-0.31%)
8,292.6000 EUR (-1.22%)
My analysis
FTSE4GOODIBX 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 8,429.4800 EUR. The next support located at 8,368.6500 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 8,292.6000 EUR. Below this support, sellers could then target 8,235.7000 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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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 FTSE4GOODIBX price is 8,394.7998 EUR. On the day, this instrument lost -0.03% and was traded between 8,312.5996 EUR and 8,421.9004 EUR over the period. The price is currently at +0.99% from its lowest and -0.32% from its highest.8,312.5996
8,421.9004
8,394.7998
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this FTSE4GOODIBX chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Piercing line
Type : Bullish
Timeframe : 1 hour
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,235.7000 | 8,292.6000 | 8,368.6500 | 8,394.7998 | 8,429.4800 | 8,595.7000 | 8,691.9100 |
| Change (%) | -1.90% | -1.22% | -0.31% | - | +0.41% | +2.39% | +3.54% |
| Change | -159.0998 | -102.1998 | -26.1498 | - | +34.6802 | +200.9002 | +297.1102 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | Major |
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 | 8,132.8679 | 8,265.1341 | 8,331.2673 | 8,463.5335 | 8,529.6667 | 8,661.9329 | 8,728.0661 |
| Camarilla | 8,342.8406 | 8,361.0272 | 8,379.2138 | 8,397.4004 | 8,415.5870 | 8,433.7736 | 8,451.9602 |
| Woodie | 8,099.8013 | 8,248.6009 | 8,298.2007 | 8,447.0003 | 8,496.6001 | 8,645.3997 | 8,694.9995 |
| Fibonacci | 8,265.1341 | 8,340.9227 | 8,387.7450 | 8,463.5335 | 8,539.3221 | 8,586.1444 | 8,661.9329 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,089.9990 | 8,288.3994 | 8,398.5996 | 8,597.0000 | 8,707.2002 | 8,905.6006 | 9,015.8008 |
| Camarilla | 8,423.9346 | 8,452.2230 | 8,480.5114 | 8,508.7998 | 8,537.0882 | 8,565.3766 | 8,593.6650 |
| Woodie | 8,045.8989 | 8,266.3494 | 8,354.4995 | 8,574.9500 | 8,663.1001 | 8,883.5506 | 8,971.7007 |
| Fibonacci | 8,288.3994 | 8,406.2848 | 8,479.1146 | 8,597.0000 | 8,714.8854 | 8,787.7152 | 8,905.6006 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,501.5003 | 7,954.4001 | 8,191.3001 | 8,644.1999 | 8,881.0999 | 9,333.9997 | 9,570.8997 |
| Camarilla | 8,238.5053 | 8,301.7369 | 8,364.9686 | 8,428.2002 | 8,491.4319 | 8,554.6635 | 8,617.8952 |
| Woodie | 7,393.5005 | 7,900.4002 | 8,083.3003 | 8,590.2000 | 8,773.1001 | 9,279.9998 | 9,462.8999 |
| Fibonacci | 7,954.4001 | 8,217.9036 | 8,380.6963 | 8,644.1999 | 8,907.7034 | 9,070.4961 | 9,333.9997 |
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): | 35.58 | |
| MACD (12,26,9): | -38.1555 | |
| Directional Movement: | -21.8948 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 8,376.2697 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,429.5476 | |
| Elder Ray (13): | -36.6324 | |
| Super Trend (3,10): | 8,472.8784 | |
| Zig ZAG (10): | 8,381.2002 | |
| VORTEX (21): | 0.8788 | |
| Stochastique (14,3,5): | 32.47 | |
| TEMA (21): | 8,369.1513 | |
| Williams %R (14): | -59.64 | |
| Chande Momentum Oscillator (20): | -77.9004 | |
| Repulse (5,40,3): | -0.1472 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0625 | |
| Courbe Coppock: | 2.21 |
| MA7: | 8,517.3143 | |
| MA20: | 8,504.0800 | |
| MA50: | 8,632.2540 | |
| MA100: | 8,817.0790 | |
| MAexp7: | 8,391.2022 | |
| MAexp20: | 8,426.1897 | |
| MAexp50: | 8,482.8311 | |
| MAexp100: | 8,517.5135 | |
| Price / MA7: | -1.44% | |
| Price / MA20: | -1.29% | |
| Price / MA50: | -2.75% | |
| Price / MA100: | -4.79% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.37% | |
| Price / MAexp50: | -1.04% | |
| Price / MAexp100: | -1.44% |
Quotes :
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15 min delayed data
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Spain 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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