PSI20 INDEX - 1H - Technical analysis published on 10/07/2020 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 4,156.82 EUR
My targets
4,267.25 EUR (+2.00%)
4,298.83 EUR (+2.76%)
My analysis
PSI20 INDEX 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 4,156.82 EUR. The next resistance located at 4,267.25 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 4,298.83 EUR. After this resistance, buyers could then target 4,362.66 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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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
PSI20 INDEX rating 4,183.40 EUR. On the day, this instrument gained +0.01% and was between 4,160.38 EUR and 4,187.73 EUR. This implies that the price is at +0.55% from its lowest and at -0.10% from its highest.4,160.38
4,187.73
4,183.40
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:
Technical
Technical analysis of PSI20 INDEX in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,047.62 | 4,121.02 | 4,156.82 | 4,183.40 | 4,267.25 | 4,298.83 | 4,362.66 |
| Change (%) | -3.25% | -1.49% | -0.64% | - | +2.00% | +2.76% | +4.29% |
| Change | -135.78 | -62.38 | -26.58 | - | +83.85 | +115.43 | +179.26 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,080.28 | 4,102.70 | 4,142.83 | 4,165.25 | 4,205.38 | 4,227.80 | 4,267.93 |
| Camarilla | 4,165.77 | 4,171.50 | 4,177.24 | 4,182.97 | 4,188.70 | 4,194.44 | 4,200.17 |
| Woodie | 4,089.15 | 4,107.13 | 4,151.70 | 4,169.68 | 4,214.25 | 4,232.23 | 4,276.80 |
| Fibonacci | 4,102.70 | 4,126.59 | 4,141.35 | 4,165.25 | 4,189.14 | 4,203.90 | 4,227.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,922.36 | 3,968.85 | 4,027.91 | 4,074.40 | 4,133.46 | 4,179.95 | 4,239.01 |
| Camarilla | 4,057.93 | 4,067.61 | 4,077.29 | 4,086.96 | 4,096.64 | 4,106.31 | 4,115.99 |
| Woodie | 3,928.64 | 3,971.99 | 4,034.19 | 4,077.54 | 4,139.74 | 4,183.09 | 4,245.29 |
| Fibonacci | 3,968.85 | 4,009.17 | 4,034.08 | 4,074.40 | 4,114.72 | 4,139.63 | 4,179.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,477.23 | 3,731.01 | 3,899.01 | 4,152.79 | 4,320.79 | 4,574.57 | 4,742.57 |
| Camarilla | 3,951.03 | 3,989.69 | 4,028.36 | 4,067.02 | 4,105.68 | 4,144.35 | 4,183.01 |
| Woodie | 3,434.35 | 3,709.57 | 3,856.13 | 4,131.35 | 4,277.91 | 4,553.13 | 4,699.69 |
| Fibonacci | 3,731.01 | 3,892.13 | 3,991.67 | 4,152.79 | 4,313.91 | 4,413.45 | 4,574.57 |
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): | 66.14 | |
| MACD (12,26,9): | 22.3400 | |
| Directional Movement: | 14.80 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 4,184.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,160.95 | |
| Elder Ray (13): | 17.76 | |
| Super Trend (3,10): | 4,143.99 | |
| Zig ZAG (10): | 4,185.49 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 97.99 | |
| TEMA (21): | 4,193.10 | |
| Williams %R (14): | -1.13 | |
| Chande Momentum Oscillator (20): | 44.96 | |
| Repulse (5,40,3): | 0.5200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 2.53 |
| MA7: | 4,114.06 | |
| MA20: | 4,166.97 | |
| MA50: | 4,287.03 | |
| MA100: | 4,360.04 | |
| MAexp7: | 4,178.63 | |
| MAexp20: | 4,155.71 | |
| MAexp50: | 4,126.24 | |
| MAexp100: | 4,128.35 | |
| Price / MA7: | +1.69% | |
| Price / MA20: | +0.39% | |
| Price / MA50: | -2.42% | |
| Price / MA100: | -4.05% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | +1.39% | |
| Price / MAexp100: | +1.33% |
Quotes :
2020-10-07 10:17:30
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15 min delayed data
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Euronext Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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