EURONEXT

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ENX
ISIN:	NL0006294274

EURONEXT - Daily - Technical analysis published on 11/09/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 70.38 EUR

My targets

74.31 EUR (+3.07%)

75.57 EUR (+4.81%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EURONEXT as long as the price remains well above 70.38 EUR. The buyers' bullish objective is set at 74.31 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 75.57 EUR. If there is any crossing, the next objective would be the resistance located at 79.99 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

9.1

Comment on the analysis

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 Pier6. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EURONEXT rating 72.10 EUR. The price has increased by +3.44% since the last closing and was traded between 70.55 EUR and 72.50 EUR over the period. The price is currently at +2.20% from its lowest and -0.55% from its highest.

70.55

72.50

72.10

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EURONEXT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	68.83	70.38	71.90	72.10	74.31	75.57	79.99
Change (%)	-4.54%	-2.39%	-0.28%	-	+3.07%	+4.81%	+10.94%
Change	-3.27	-1.72	-0.20	-	+2.21	+3.47	+7.89
Level	Major	Major	Minor	-	Minor	Intermediate	Minor

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	66.87	67.43	68.57	69.13	70.27	70.83	71.97
Camarilla	69.23	69.39	69.54	69.70	69.86	70.01	70.17
Woodie	67.15	67.58	68.85	69.28	70.55	70.98	72.25
Fibonacci	67.43	68.08	68.48	69.13	69.78	70.18	70.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.05	64.20	66.05	67.20	69.05	70.20	72.05
Camarilla	67.08	67.35	67.63	67.90	68.18	68.45	68.73
Woodie	63.40	64.38	66.40	67.38	69.40	70.38	72.40
Fibonacci	64.20	65.35	66.05	67.20	68.35	69.05	70.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58.75	61.50	63.65	66.40	68.55	71.30	73.45
Camarilla	64.45	64.90	65.35	65.80	66.25	66.70	67.15
Woodie	58.45	61.35	63.35	66.25	68.25	71.15	73.15
Fibonacci	61.50	63.37	64.53	66.40	68.27	69.43	71.30

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):	75.54
MACD (12,26,9):	0.9400
Directional Movement:	27.22
AROON (14):	78.57
DEMA (21):	68.57
Parabolic SAR (0,02-0,02-0,2):	65.63
Elder Ray (13):	3.44
Super Trend (3,10):	67.66
Zig ZAG (10):	72.00
VORTEX (21):	1.0700
Stochastique (14,3,5):	96.69
TEMA (21):	69.32
Williams %R (14):	-4.32
Chande Momentum Oscillator (20):	6.05
Repulse (5,40,3):	4.7900
ROCnROLL:	1
TRIX (15,9):	0.0900
Courbe Coppock:	5.93

MA7:	68.69
MA20:	67.20
MA50:	66.24
MA100:	65.54
MAexp7:	69.09
MAexp20:	67.54
MAexp50:	66.65
MAexp100:	66.31
Price / MA7:	+4.96%
Price / MA20:	+7.29%
Price / MA50:	+8.85%
Price / MA100:	+10.01%
Price / MAexp7:	+4.36%
Price / MAexp20:	+6.75%
Price / MAexp50:	+8.18%
Price / MAexp100:	+8.73%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on EURONEXT. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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