ESTOXX50 PRICE EUR INDEX - Daily - Technical analysis published on 09/14/2022 (GMT)
- 214
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 3,718.50 EUR
My targets
3,505.43 EUR (-2.21%)
3,402.40 EUR (-5.08%)
My analysis
The bearish trend is currently very strong for ESTOXX50 PRICE EUR INDEX. As long as the price remains below the resistance at 3,718.50 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 3,505.43 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3,402.40 EUR as an objective. Crossing it would then enable sellers to target 3,068.00 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 opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
4.1
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 3,584.64 EUR. The price is lower by -0.04% since the last closing with the lowest point at 3,560.59 EUR and the highest point at 3,591.37 EUR. The deviation from the price is +0.68% for the low point and -0.19% for the high point.3,560.59
3,591.37
3,584.64
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ESTOXX50 PRICE EUR INDEX:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ESTOXX50 PRICE EUR INDEX chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 3,068.00 | 3,402.40 | 3,505.43 | 3,584.64 | 3,840.91 | 4,062.33 | 4,246.13 |
Change (%) | -14.41% | -5.08% | -2.21% | - | +7.15% | +13.33% | +18.45% |
Change | -516.64 | -182.24 | -79.21 | - | +256.27 | +477.69 | +661.49 |
Level | Major | Major | Major | - | Major | Intermediate | Intermediate |
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 | 3,456.89 | 3,521.49 | 3,553.83 | 3,618.43 | 3,650.77 | 3,715.37 | 3,747.71 |
Camarilla | 3,559.52 | 3,568.41 | 3,577.29 | 3,586.18 | 3,595.07 | 3,603.95 | 3,612.84 |
Woodie | 3,440.77 | 3,513.43 | 3,537.71 | 3,610.37 | 3,634.65 | 3,707.31 | 3,731.59 |
Fibonacci | 3,521.49 | 3,558.52 | 3,581.40 | 3,618.43 | 3,655.46 | 3,678.34 | 3,715.37 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3,347.67 | 3,396.75 | 3,483.40 | 3,532.48 | 3,619.13 | 3,668.21 | 3,754.86 |
Camarilla | 3,532.71 | 3,545.16 | 3,557.60 | 3,570.04 | 3,582.48 | 3,594.92 | 3,607.37 |
Woodie | 3,366.45 | 3,406.14 | 3,502.18 | 3,541.87 | 3,637.91 | 3,677.60 | 3,773.64 |
Fibonacci | 3,396.75 | 3,448.60 | 3,480.63 | 3,532.48 | 3,584.33 | 3,616.36 | 3,668.21 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3,114.76 | 3,316.00 | 3,416.63 | 3,617.87 | 3,718.50 | 3,919.74 | 4,020.37 |
Camarilla | 3,434.24 | 3,461.91 | 3,489.58 | 3,517.25 | 3,544.92 | 3,572.59 | 3,600.26 |
Woodie | 3,064.45 | 3,290.85 | 3,366.32 | 3,592.72 | 3,668.19 | 3,894.59 | 3,970.06 |
Fibonacci | 3,316.00 | 3,431.32 | 3,502.56 | 3,617.87 | 3,733.19 | 3,804.43 | 3,919.74 |
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): | 48.47 | |
MACD (12,26,9): | -23.9500 | |
Directional Movement: | 2.95 | |
AROON (14): | -42.86 | |
DEMA (21): | 3,557.63 | |
Parabolic SAR (0,02-0,02-0,2): | 3,470.47 | |
Elder Ray (13): | 1.28 | |
Super Trend (3,10): | 3,663.38 | |
Zig ZAG (10): | 3,583.95 | |
VORTEX (21): | 0.8100 | |
Stochastique (14,3,5): | 60.98 | |
TEMA (21): | 3,536.21 | |
Williams %R (14): | -47.85 | |
Chande Momentum Oscillator (20): | 11.27 | |
Repulse (5,40,3): | 0.0100 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.1200 | |
Courbe Coppock: | 5.64 |
MA7: | 3,556.91 | |
MA20: | 3,590.26 | |
MA50: | 3,616.45 | |
MA100: | 3,622.32 | |
MAexp7: | 3,571.04 | |
MAexp20: | 3,588.21 | |
MAexp50: | 3,613.42 | |
MAexp100: | 3,662.75 | |
Price / MA7: | +0.78% | |
Price / MA20: | -0.16% | |
Price / MA50: | -0.88% | |
Price / MA100: | -1.04% | |
Price / MAexp7: | +0.38% | |
Price / MAexp20: | -0.10% | |
Price / MAexp50: | -0.80% | |
Price / MAexp100: | -2.13% |
Quotes :
-
15 min delayed data
-
STOXX Indices
News
The latest news and videos published on ESTOXX50 PRICE EUR INDEX at the time of the analysis were as follows:
- DAX and Euro Stoxx 50 Forecast May 5, 2022
- Euro Stoxx 50 Forecast April 18, 2022
- 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
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…
Add a comment
Comments
0 comments on the analysis ESTOXX50 PRICE EUR INDEX - Daily