EURONEXT 100 - 1H - Technical analysis published on 05/20/2020 (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:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 884.80 EUR
My targets
892.86 EUR (+0.34%)
906.60 EUR (+1.89%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EURONEXT 100. This is a positive signal for buyers. As long as the price remains above 884.80 EUR, a purchase could be considered. The first bullish objective is located at 892.86 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 906.60 EUR as an objective. Crossing it would then enable buyers to target 926.99 EUR. In the event of a return below 884.80 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.5
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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
EURONEXT 100 rating 889.82 EUR. The price registered an increase of -0.04% on the session with the lowest point at 880.86 EUR and the highest point at 890.25 EUR. The deviation from the price is +1.02% for the low point and -0.05% for the high point.880.86
890.25
889.82
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EURONEXT 100 in 1H shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish 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.
On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 856.90 | 874.34 | 884.80 | 889.82 | 892.86 | 906.60 | 926.99 |
| Change (%) | -3.70% | -1.74% | -0.56% | - | +0.34% | +1.89% | +4.18% |
| Change | -32.92 | -15.48 | -5.02 | - | +3.04 | +16.78 | +37.17 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 864.25 | 873.79 | 881.97 | 891.51 | 899.69 | 909.23 | 917.41 |
| Camarilla | 885.27 | 886.89 | 888.52 | 890.14 | 891.76 | 893.39 | 895.01 |
| Woodie | 863.56 | 873.45 | 881.28 | 891.17 | 899.00 | 908.89 | 916.72 |
| Fibonacci | 873.79 | 880.56 | 884.74 | 891.51 | 898.28 | 902.46 | 909.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 769.42 | 806.53 | 832.52 | 869.63 | 895.62 | 932.73 | 958.72 |
| Camarilla | 841.17 | 846.95 | 852.74 | 858.52 | 864.30 | 870.09 | 875.87 |
| Woodie | 763.87 | 803.75 | 826.97 | 866.85 | 890.07 | 929.95 | 953.17 |
| Fibonacci | 806.53 | 830.63 | 845.52 | 869.63 | 893.73 | 908.62 | 932.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 726.86 | 772.31 | 836.09 | 881.54 | 945.32 | 990.77 | 1,054.55 |
| Camarilla | 869.83 | 879.85 | 889.86 | 899.87 | 909.88 | 919.90 | 929.91 |
| Woodie | 736.03 | 776.89 | 845.26 | 886.12 | 954.49 | 995.35 | 1,063.72 |
| Fibonacci | 772.31 | 814.04 | 839.81 | 881.54 | 923.27 | 949.04 | 990.77 |
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): | 51.38 | |
| MACD (12,26,9): | 4.5500 | |
| Directional Movement: | 6.53 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 889.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 898.50 | |
| Elder Ray (13): | -1.26 | |
| Super Trend (3,10): | 877.33 | |
| Zig ZAG (10): | 881.84 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 36.26 | |
| TEMA (21): | 893.00 | |
| Williams %R (14): | -90.54 | |
| Chande Momentum Oscillator (20): | -5.43 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 2.63 |
| MA7: | 879.03 | |
| MA20: | 884.34 | |
| MA50: | 857.90 | |
| MA100: | 997.31 | |
| MAexp7: | 888.07 | |
| MAexp20: | 884.73 | |
| MAexp50: | 880.34 | |
| MAexp100: | 880.72 | |
| Price / MA7: | +1.23% | |
| Price / MA20: | +0.62% | |
| Price / MA50: | +3.72% | |
| Price / MA100: | -10.78% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.58% | |
| Price / MAexp50: | +1.08% | |
| Price / MAexp100: | +1.03% |
This member declared not having a position on this financial instrument or a related financial instrument.
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