PSI20 INDEX - 1H - Technical analysis published on 04/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
44%
39%
17%
My opinion
Bearish under 4,098.86 EUR
My targets
4,036.23 EUR (-1.27%)
3,972.71 EUR (-2.83%)
My analysis
There is a bearish trend on PSI20 INDEX both at the basic level and in the short term. A sale could be considered, so long as the price remains below 4,098.86 EUR. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 4,036.23 EUR. Then the price could move towards 3,972.71 EUR. Then 3,848.45 EUR by extension. Be careful, a return to above the resistance 4,098.86 EUR would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
3
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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 PSI20 INDEX price is 4,088.26 EUR. On the day, this instrument lost -1.46% with the lowest point at 4,079.48 EUR and the highest point at 4,118.79 EUR. The deviation from the price is +0.22% for the low point and -0.74% for the high point.4,079.48
4,118.79
4,088.26
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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
Abnormal volumes on PSI20 INDEX were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of PSI20 INDEX indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 3 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,848.45 | 3,972.71 | 4,036.23 | 4,088.26 | 4,098.86 | 4,231.03 | 4,727.99 |
| Change (%) | -5.87% | -2.83% | -1.27% | - | +0.26% | +3.49% | +15.65% |
| Change | -239.81 | -115.55 | -52.03 | - | +10.60 | +142.77 | +639.73 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Major |
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 | 4,078.19 | 4,097.92 | 4,123.41 | 4,143.14 | 4,168.63 | 4,188.36 | 4,213.85 |
| Camarilla | 4,136.48 | 4,140.62 | 4,144.77 | 4,148.91 | 4,153.06 | 4,157.20 | 4,161.35 |
| Woodie | 4,081.08 | 4,099.36 | 4,126.30 | 4,144.58 | 4,171.52 | 4,189.80 | 4,216.74 |
| Fibonacci | 4,097.92 | 4,115.19 | 4,125.86 | 4,143.14 | 4,160.41 | 4,171.08 | 4,188.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,875.94 | 3,982.00 | 4,077.11 | 4,183.17 | 4,278.28 | 4,384.34 | 4,479.45 |
| Camarilla | 4,116.89 | 4,135.33 | 4,153.77 | 4,172.21 | 4,190.65 | 4,209.09 | 4,227.53 |
| Woodie | 3,870.46 | 3,979.26 | 4,071.63 | 4,180.43 | 4,272.80 | 4,381.60 | 4,473.97 |
| Fibonacci | 3,982.00 | 4,058.85 | 4,106.33 | 4,183.17 | 4,260.02 | 4,307.50 | 4,384.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,875.87 | 2,687.94 | 3,378.75 | 4,190.82 | 4,881.63 | 5,693.70 | 6,384.51 |
| Camarilla | 3,656.26 | 3,794.02 | 3,931.79 | 4,069.55 | 4,207.31 | 4,345.08 | 4,482.84 |
| Woodie | 1,815.23 | 2,657.63 | 3,318.11 | 4,160.51 | 4,820.99 | 5,663.39 | 6,323.87 |
| Fibonacci | 2,687.94 | 3,262.04 | 3,616.72 | 4,190.82 | 4,764.92 | 5,119.60 | 5,693.70 |
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): | 42.65 | |
| MACD (12,26,9): | 8.9300 | |
| Directional Movement: | -9.19 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 4,127.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,162.86 | |
| Elder Ray (13): | -24.91 | |
| Super Trend (3,10): | 4,170.19 | |
| Zig ZAG (10): | 4,088.26 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 63.51 | |
| TEMA (21): | 4,141.55 | |
| Williams %R (14): | -88.50 | |
| Chande Momentum Oscillator (20): | 1.51 | |
| Repulse (5,40,3): | -0.7700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.74 |
| MA7: | 4,112.26 | |
| MA20: | 4,073.76 | |
| MA50: | 4,373.58 | |
| MA100: | 4,803.89 | |
| MAexp7: | 4,129.68 | |
| MAexp20: | 4,118.30 | |
| MAexp50: | 4,116.01 | |
| MAexp100: | 4,099.42 | |
| Price / MA7: | -0.58% | |
| Price / MA20: | +0.36% | |
| Price / MA50: | -6.52% | |
| Price / MA100: | -14.90% | |
| Price / MAexp7: | -1.00% | |
| Price / MAexp20: | -0.73% | |
| Price / MAexp50: | -0.67% | |
| Price / MAexp100: | -0.27% |
This member declared not having a position on this financial instrument or a related financial instrument.
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