ESTOXX50 FULL0624 - 1H - Technical analysis published on 09/30/2020 (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 bearish
De fond:
Bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 3,233.00 EUR
My targets
3,137.22 EUR (-1.47%)
3,117.00 EUR (-2.10%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ESTOXX50 FULL1220 as long as the price remains well below 3,233.00 EUR. The sellers” bearish objective is set at 3,137.22 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,117.00 EUR. In case of crossing, the next objective would be the support located at 3,086.00 EUR.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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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 ESTOXX50 FULL1220 price is 3,184.00 EUR. On the day, this instrument lost -0.59% and was traded between 3,165.00 EUR and 3,223.00 EUR over the period. The price is currently at +0.60% from its lowest and -1.21% from its highest.3,165.00
3,223.00
3,184.00
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this ESTOXX50 FULL1220 chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,117.00 | 3,137.22 | 3,177.33 | 3,184.00 | 3,233.00 | 3,284.00 | 3,325.50 |
| Change (%) | -2.10% | -1.47% | -0.21% | - | +1.54% | +3.14% | +4.44% |
| Change | -67.00 | -46.78 | -6.67 | - | +49.00 | +100.00 | +141.50 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,136.33 | 3,161.67 | 3,182.33 | 3,207.67 | 3,228.33 | 3,253.67 | 3,274.33 |
| Camarilla | 3,190.35 | 3,194.57 | 3,198.78 | 3,203.00 | 3,207.22 | 3,211.43 | 3,215.65 |
| Woodie | 3,134.00 | 3,160.50 | 3,180.00 | 3,206.50 | 3,226.00 | 3,252.50 | 3,272.00 |
| Fibonacci | 3,161.67 | 3,179.24 | 3,190.10 | 3,207.67 | 3,225.24 | 3,236.10 | 3,253.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,876.00 | 2,981.00 | 3,067.00 | 3,172.00 | 3,258.00 | 3,363.00 | 3,449.00 |
| Camarilla | 3,100.48 | 3,117.98 | 3,135.49 | 3,153.00 | 3,170.51 | 3,188.02 | 3,205.53 |
| Woodie | 2,866.50 | 2,976.25 | 3,057.50 | 3,167.25 | 3,248.50 | 3,358.25 | 3,439.50 |
| Fibonacci | 2,981.00 | 3,053.96 | 3,099.04 | 3,172.00 | 3,244.96 | 3,290.04 | 3,363.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,928.33 | 3,035.67 | 3,144.33 | 3,251.67 | 3,360.33 | 3,467.67 | 3,576.33 |
| Camarilla | 3,193.60 | 3,213.40 | 3,233.20 | 3,253.00 | 3,272.80 | 3,292.60 | 3,312.40 |
| Woodie | 2,929.00 | 3,036.00 | 3,145.00 | 3,252.00 | 3,361.00 | 3,468.00 | 3,577.00 |
| Fibonacci | 3,035.67 | 3,118.18 | 3,169.16 | 3,251.67 | 3,334.18 | 3,385.16 | 3,467.67 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.95 | |
| MACD (12,26,9): | -4.6500 | |
| Directional Movement: | -0.91 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 3,189.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,208.20 | |
| Elder Ray (13): | -11.66 | |
| Super Trend (3,10): | 3,211.02 | |
| Zig ZAG (10): | 3,182.00 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 35.06 | |
| TEMA (21): | 3,180.77 | |
| Williams %R (14): | -72.41 | |
| Chande Momentum Oscillator (20): | -20.00 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.08 |
| MA7: | 3,174.57 | |
| MA20: | 3,241.65 | |
| MA50: | 3,262.02 | |
| MA100: | 3,210.34 | |
| MAexp7: | 3,186.06 | |
| MAexp20: | 3,193.42 | |
| MAexp50: | 3,191.61 | |
| MAexp100: | 3,189.67 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | -1.78% | |
| Price / MA50: | -2.39% | |
| Price / MA100: | -0.82% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.18% |
Quotes :
2020-09-30 10:32:49
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15 min delayed data
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EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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