ESTOXX50 PRICE EUR INDEX - Daily - Technical analysis published on 08/31/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 3,717.37 EUR
My targets
3,470.16 EUR (-2.53%)
3,283.44 EUR (-7.78%)
My analysis
ESTOXX50 PRICE EUR INDEX 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 3,717.37 EUR. The next support located at 3,470.16 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 3,283.44 EUR. Below this support, sellers could then target 3,068.00 EUR.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ESTOXX50 PRICE EUR INDEX rating is 3,560.39 EUR. On the day, this instrument lost -0.04% and was between 3,527.06 EUR and 3,583.05 EUR. This implies that the price is at +0.94% from its lowest and at -0.63% from its highest.3,527.06
3,583.05
3,560.39
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ESTOXX50 PRICE EUR INDEX indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is high 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 : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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 | 3,068.00 | 3,283.44 | 3,533.24 | 3,560.39 | 3,717.37 | 3,840.91 | 4,062.33 |
| Change (%) | -13.83% | -7.78% | -0.76% | - | +4.41% | +7.88% | +14.10% |
| Change | -492.39 | -276.95 | -27.15 | - | +156.98 | +280.52 | +501.94 |
| Level | Major | Major | Major | - | Minor | Major | 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 | 3,445.15 | 3,495.53 | 3,528.73 | 3,579.11 | 3,612.31 | 3,662.69 | 3,695.89 |
| Camarilla | 3,538.94 | 3,546.60 | 3,554.26 | 3,561.92 | 3,569.58 | 3,577.24 | 3,584.91 |
| Woodie | 3,436.55 | 3,491.24 | 3,520.13 | 3,574.82 | 3,603.71 | 3,658.40 | 3,687.29 |
| Fibonacci | 3,495.53 | 3,527.46 | 3,547.19 | 3,579.11 | 3,611.04 | 3,630.77 | 3,662.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,426.07 | 3,509.77 | 3,556.73 | 3,640.43 | 3,687.39 | 3,771.09 | 3,818.05 |
| Camarilla | 3,567.75 | 3,579.73 | 3,591.70 | 3,603.68 | 3,615.66 | 3,627.63 | 3,639.61 |
| Woodie | 3,407.69 | 3,500.59 | 3,538.35 | 3,631.25 | 3,669.01 | 3,761.91 | 3,799.67 |
| Fibonacci | 3,509.77 | 3,559.69 | 3,590.52 | 3,640.43 | 3,690.35 | 3,721.18 | 3,771.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,107.22 | 3,232.22 | 3,470.16 | 3,595.16 | 3,833.10 | 3,958.10 | 4,196.04 |
| Camarilla | 3,608.29 | 3,641.56 | 3,674.83 | 3,708.10 | 3,741.37 | 3,774.64 | 3,807.91 |
| Woodie | 3,163.69 | 3,260.46 | 3,526.63 | 3,623.40 | 3,889.57 | 3,986.34 | 4,252.51 |
| Fibonacci | 3,232.22 | 3,370.86 | 3,456.52 | 3,595.16 | 3,733.80 | 3,819.46 | 3,958.10 |
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): | 36.90 | |
| MACD (12,26,9): | -15.7200 | |
| Directional Movement: | -13.80 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 3,650.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,727.17 | |
| Elder Ray (13): | -88.51 | |
| Super Trend (3,10): | 3,731.30 | |
| Zig ZAG (10): | 3,557.27 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 10.44 | |
| TEMA (21): | 3,611.86 | |
| Williams %R (14): | -88.94 | |
| Chande Momentum Oscillator (20): | -229.98 | |
| Repulse (5,40,3): | -2.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 7.46 |
| MA7: | 3,612.99 | |
| MA20: | 3,702.15 | |
| MA50: | 3,603.66 | |
| MA100: | 3,651.00 | |
| MAexp7: | 3,609.16 | |
| MAexp20: | 3,655.93 | |
| MAexp50: | 3,649.21 | |
| MAexp100: | 3,689.85 | |
| Price / MA7: | -1.46% | |
| Price / MA20: | -3.83% | |
| Price / MA50: | -1.20% | |
| Price / MA100: | -2.48% | |
| Price / MAexp7: | -1.35% | |
| Price / MAexp20: | -2.61% | |
| Price / MAexp50: | -2.43% | |
| Price / MAexp100: | -3.51% |
Quotes :
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15 min delayed data
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STOXX Indices
News
The last news published on ESTOXX50 PRICE EUR INDEX at the time of the generation of this analysis was as follows:
-
DAX and Euro Stoxx 50 Forecast May 5, 2022
-
Euro Stoxx 50 Forecast April 18, 2022
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Euro Stoxx 50 Forecast April 12, 2022
-
Will the Euro Stoxx 50 continue to rally? – 27th June 2019
-
Is the Euro Stoxx 50 about to turn lower? – 28th March 2019
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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