FTSE4GOODIBX - Daily - Technical analysis published on 09/21/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 8,691.9100 EUR
My targets
8,235.7000 EUR (-1.88%)
7,803.0300 EUR (-7.03%)
My analysis
The bearish trend is currently very strong for FTSE4GOODIBX. As long as the price remains below the resistance at 8,691.9100 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 8,235.7000 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7,803.0300 EUR as an objective. Crossing it would then enable sellers to target 7,041.7000 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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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 rating is 8,393.2002 EUR. On the day, this instrument lost -0.05% and was between 8,312.5996 EUR and 8,421.9004 EUR. This implies that the price is at +0.97% from its lowest and at -0.34% from its highest.8,312.5996
8,421.9004
8,393.2002
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
Here is a more detailed summary of the historical variations registered by FTSE4GOODIBX:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FTSE4GOODIBX in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 5 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
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 | 7,041.7000 | 7,803.0300 | 8,235.7000 | 8,393.2002 | 8,691.9100 | 9,087.9500 | 9,275.7400 |
| Change (%) | -16.10% | -7.03% | -1.88% | - | +3.56% | +8.28% | +10.51% |
| Change | -1,351.5002 | -590.1702 | -157.5002 | - | +298.7098 | +694.7498 | +882.5398 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.20 | |
| MACD (12,26,9): | -57.5768 | |
| Directional Movement: | -2.8892 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 8,467.8144 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,787.4404 | |
| Elder Ray (13): | -145.1143 | |
| Super Trend (3,10): | 8,288.7854 | |
| Zig ZAG (10): | 8,384.7002 | |
| VORTEX (21): | 0.7913 | |
| Stochastique (14,3,5): | 28.77 | |
| TEMA (21): | 8,449.7625 | |
| Williams %R (14): | -80.66 | |
| Chande Momentum Oscillator (20): | 6.0996 | |
| Repulse (5,40,3): | -0.8256 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0927 | |
| Courbe Coppock: | 0.55 |
| MA7: | 8,518.2001 | |
| MA20: | 8,504.5400 | |
| MA50: | 8,632.4200 | |
| MA100: | 8,817.1830 | |
| MAexp7: | 8,483.0261 | |
| MAexp20: | 8,542.9425 | |
| MAexp50: | 8,641.0655 | |
| MAexp100: | 8,766.6459 | |
| Price / MA7: | -1.47% | |
| Price / MA20: | -1.31% | |
| Price / MA50: | -2.77% | |
| Price / MA100: | -4.81% | |
| Price / MAexp7: | -1.06% | |
| Price / MAexp20: | -1.75% | |
| Price / MAexp50: | -2.87% | |
| Price / MAexp100: | -4.26% |
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.
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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