ESTOXX50 FULL0624 8:00-22:00 - 1H - Technical analysis published on 07/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 3,251.33 EUR
My targets
3,339.00 EUR (+1.06%)
3,361.00 EUR (+1.73%)
My analysis
ESTOXX50 FULL0920 8:00-22:00 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3,251.33 EUR. The next resistance located at 3,339.00 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3,361.00 EUR. After this resistance, buyers could then target 3,387.00 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ESTOXX50 FULL0920 8:00-22:00 price is 3,304.00 EUR. The price is lower by -0.03% since the last closing and was traded between 3,296.00 EUR and 3,340.00 EUR over the period. The price is currently at +0.24% from its lowest and -1.08% from its highest.3,296.00
3,340.00
3,304.00
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ESTOXX50 FULL0920 8:00-22:00 chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
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 | 3,161.00 | 3,182.00 | 3,251.33 | 3,304.00 | 3,306.78 | 3,339.00 | 3,361.00 |
| Change (%) | -4.33% | -3.69% | -1.59% | - | +0.08% | +1.06% | +1.73% |
| Change | -143.00 | -122.00 | -52.67 | - | +2.78 | +35.00 | +57.00 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 3,163.00 | 3,193.00 | 3,249.00 | 3,279.00 | 3,335.00 | 3,365.00 | 3,421.00 |
| Camarilla | 3,281.35 | 3,289.23 | 3,297.12 | 3,305.00 | 3,312.88 | 3,320.77 | 3,328.65 |
| Woodie | 3,176.00 | 3,199.50 | 3,262.00 | 3,285.50 | 3,348.00 | 3,371.50 | 3,434.00 |
| Fibonacci | 3,193.00 | 3,225.85 | 3,246.15 | 3,279.00 | 3,311.85 | 3,332.15 | 3,365.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,093.67 | 3,158.33 | 3,231.67 | 3,296.33 | 3,369.67 | 3,434.33 | 3,507.67 |
| Camarilla | 3,267.05 | 3,279.70 | 3,292.35 | 3,305.00 | 3,317.65 | 3,330.30 | 3,342.95 |
| Woodie | 3,098.00 | 3,160.50 | 3,236.00 | 3,298.50 | 3,374.00 | 3,436.50 | 3,512.00 |
| Fibonacci | 3,158.33 | 3,211.05 | 3,243.62 | 3,296.33 | 3,349.05 | 3,381.62 | 3,434.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,693.33 | 2,856.67 | 3,041.33 | 3,204.67 | 3,389.33 | 3,552.67 | 3,737.33 |
| Camarilla | 3,130.30 | 3,162.20 | 3,194.10 | 3,226.00 | 3,257.90 | 3,289.80 | 3,321.70 |
| Woodie | 2,704.00 | 2,862.00 | 3,052.00 | 3,210.00 | 3,400.00 | 3,558.00 | 3,748.00 |
| Fibonacci | 2,856.67 | 2,989.60 | 3,071.73 | 3,204.67 | 3,337.60 | 3,419.73 | 3,552.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.45 | |
| MACD (12,26,9): | 9.1300 | |
| Directional Movement: | 6.64 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 3,298.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,284.04 | |
| Elder Ray (13): | 15.44 | |
| Super Trend (3,10): | 3,281.40 | |
| Zig ZAG (10): | 3,305.00 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 76.10 | |
| TEMA (21): | 3,309.75 | |
| Williams %R (14): | -42.55 | |
| Chande Momentum Oscillator (20): | 31.00 | |
| Repulse (5,40,3): | -1.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 3.00 |
| MA7: | 3,298.86 | |
| MA20: | 3,251.05 | |
| MA50: | 3,096.54 | |
| MA100: | 2,973.70 | |
| MAexp7: | 3,305.29 | |
| MAexp20: | 3,290.72 | |
| MAexp50: | 3,287.05 | |
| MAexp100: | 3,280.71 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | +1.63% | |
| Price / MA50: | +6.70% | |
| Price / MA100: | +11.11% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.40% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +0.71% |
Quotes :
2020-07-13 08:41:34
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15 min delayed data
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EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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