PSI20 INDEX
PSI20 INDEX
- EUR (-)
- 15 min delayed data - Euronext Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: PSI20
ISIN: PTING0200002

PSI20 INDEX - 1H - Technical analysis published on 08/04/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 4,361.53 EUR
My targets
4,395.38 EUR (+0.47%)
4,419.93 EUR (+1.03%)
My analysis
The strong short-term increase in PSI20 INDEX calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 4,361.53 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 4,395.38 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4,419.93 EUR as an objective. Crossing it would then enable buyers to target 4,475.13 EUR. Caution, a return under 4,361.53 EUR could jeopardize the reversal.

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
2.9

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

PSI20 INDEX rating 4,374.70 EUR. On the day, this instrument gained +0.62% and was between 4,360.58 EUR and 4,387.80 EUR. This implies that the price is at +0.32% from its lowest and at -0.30% from its highest.

4,360.58
4,387.80
4,374.70

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

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:

Technical


Technical analysis of PSI20 INDEX in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3,958.57 4,260.13 4,361.53 4,374.70 4,395.38 4,419.93 4,475.13
Change (%) -9.51% -2.62% -0.30% - +0.47% +1.03% +2.30%
Change -416.13 -114.57 -13.17 - +20.68 +45.23 +100.43
Level Major Major Minor - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,184.654,220.064,283.964,319.374,383.274,418.684,482.58
Camarilla4,320.544,329.644,338.754,347.854,356.954,366.064,375.16
Woodie4,198.894,227.184,298.204,326.494,397.514,425.804,496.82
Fibonacci4,220.064,258.004,281.444,319.374,357.314,380.754,418.68


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,017.994,150.284,223.054,355.344,428.114,560.404,633.17
Camarilla4,239.434,258.234,277.024,295.824,314.624,333.414,352.21
Woodie3,988.234,135.404,193.294,340.464,398.354,545.524,603.41
Fibonacci4,150.284,228.614,277.014,355.344,433.674,482.074,560.40


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,905.984,094.274,195.054,383.344,484.124,672.414,773.19
Camarilla4,216.334,242.824,269.324,295.824,322.324,348.824,375.31
Woodie3,862.214,072.394,151.294,361.464,440.364,650.534,729.43
Fibonacci4,094.274,204.704,272.924,383.344,493.774,561.994,672.41

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): 58.31
MACD (12,26,9): 0.3700
Directional Movement: 6.67
AROON (14): 64.28
DEMA (21): 4,339.25
Parabolic SAR (0,02-0,02-0,2): 4,279.30
Elder Ray (13): 25.03
Super Trend (3,10): 4,317.07
Zig ZAG (10): 4,370.46
VORTEX (21): 1.1200
Stochastique (14,3,5): 86.08
TEMA (21): 4,357.98
Williams %R (14): -12.92
Chande Momentum Oscillator (20): 74.88
Repulse (5,40,3): -0.0800
ROCnROLL: -1
TRIX (15,9): -0.0300
Courbe Coppock: 1.10
MA7: 4,368.32
MA20: 4,442.95
MA50: 4,438.80
MA100: 4,251.37
MAexp7: 4,356.51
MAexp20: 4,344.54
MAexp50: 4,368.89
MAexp100: 4,401.78
Price / MA7: +0.15%
Price / MA20: -1.54%
Price / MA50: -1.44%
Price / MA100: +2.90%
Price / MAexp7: +0.42%
Price / MAexp20: +0.69%
Price / MAexp50: +0.13%
Price / MAexp100: -0.62%

Quotes : 2020-08-04 09:17:15 - 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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