NEXT 150 - 1H - Technical analysis published on 11/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 2,836.98 EUR
My targets
2,932.76 EUR (+0.86%)
2,963.65 EUR (+1.92%)
My analysis
NEXT 150 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 2,836.98 EUR. The next resistance located at 2,932.76 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 2,963.65 EUR. After this resistance, buyers could then target 3,018.86 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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Additional analysis
Quotes
The NEXT 150 rating is 2,907.70 EUR. The price registered a decrease of -0.03% on the session and was traded between 2,906.86 EUR and 2,919.78 EUR over the period. The price is currently at +0.03% from its lowest and -0.41% from its highest.2,906.86
2,919.78
2,907.70
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NEXT 150 chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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 increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,749.05 | 2,784.95 | 2,836.98 | 2,907.70 | 2,911.29 | 2,932.76 | 2,963.65 |
| Change (%) | -5.46% | -4.22% | -2.43% | - | +0.12% | +0.86% | +1.92% |
| Change | -158.65 | -122.75 | -70.72 | - | +3.59 | +25.06 | +55.95 |
| Level | Intermediate | Minor | 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 | 2,848.53 | 2,864.83 | 2,886.71 | 2,903.01 | 2,924.89 | 2,941.19 | 2,963.07 |
| Camarilla | 2,898.10 | 2,901.60 | 2,905.10 | 2,908.60 | 2,912.10 | 2,915.60 | 2,919.10 |
| Woodie | 2,851.33 | 2,866.23 | 2,889.51 | 2,904.41 | 2,927.69 | 2,942.59 | 2,965.87 |
| Fibonacci | 2,864.83 | 2,879.41 | 2,888.42 | 2,903.01 | 2,917.59 | 2,926.60 | 2,941.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,630.15 | 2,690.12 | 2,799.36 | 2,859.33 | 2,968.57 | 3,028.54 | 3,137.78 |
| Camarilla | 2,862.07 | 2,877.58 | 2,893.09 | 2,908.60 | 2,924.11 | 2,939.62 | 2,955.13 |
| Woodie | 2,654.79 | 2,702.44 | 2,824.00 | 2,871.65 | 2,993.21 | 3,040.86 | 3,162.42 |
| Fibonacci | 2,690.12 | 2,754.76 | 2,794.69 | 2,859.33 | 2,923.97 | 2,963.90 | 3,028.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,466.27 | 2,595.47 | 2,695.20 | 2,824.40 | 2,924.13 | 3,053.33 | 3,153.06 |
| Camarilla | 2,731.97 | 2,752.96 | 2,773.95 | 2,794.93 | 2,815.92 | 2,836.90 | 2,857.89 |
| Woodie | 2,451.54 | 2,588.10 | 2,680.47 | 2,817.03 | 2,909.40 | 3,045.96 | 3,138.33 |
| Fibonacci | 2,595.47 | 2,682.92 | 2,736.95 | 2,824.40 | 2,911.85 | 2,965.88 | 3,053.33 |
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): | 77.62 | |
| MACD (12,26,9): | 25.4400 | |
| Directional Movement: | 45.14 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 2,919.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,906.46 | |
| Elder Ray (13): | 16.83 | |
| Super Trend (3,10): | 2,887.23 | |
| Zig ZAG (10): | 2,909.28 | |
| VORTEX (21): | 1.4300 | |
| Stochastique (14,3,5): | 76.88 | |
| TEMA (21): | 2,923.96 | |
| Williams %R (14): | -17.55 | |
| Chande Momentum Oscillator (20): | 23.00 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 2.66 |
| MA7: | 2,831.84 | |
| MA20: | 2,834.74 | |
| MA50: | 2,908.97 | |
| MA100: | 2,953.44 | |
| MAexp7: | 2,906.57 | |
| MAexp20: | 2,885.40 | |
| MAexp50: | 2,845.00 | |
| MAexp100: | 2,827.70 | |
| Price / MA7: | +2.68% | |
| Price / MA20: | +2.57% | |
| Price / MA50: | -0.04% | |
| Price / MA100: | -1.55% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.77% | |
| Price / MAexp50: | +2.20% | |
| Price / MAexp100: | +2.83% |
Quotes :
-
15 min delayed data
-
Euronext Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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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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