ESTOXX50 FULL0624 - 1H - Technical analysis published on 05/11/2021 (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
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
56%
11%
My opinion
Bearish under 3,955.50 EUR
My targets
3,882.00 EUR (-1.10%)
3,856.89 EUR (-1.74%)
My analysis
ESTOXX50 FULL0621 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3,955.50 EUR. The next support located at 3,882.00 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3,856.89 EUR. Below this support, sellers could then target 3,394.45 EUR.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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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 FULL0621 price is 3,925.00 EUR. On the day, this instrument lost -2.14% and was between 3,903.00 EUR and 3,984.00 EUR. This implies that the price is at +0.56% from its lowest and at -1.48% from its highest.3,903.00
3,984.00
3,925.00
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
Here is a more detailed summary of the historical variations registered by ESTOXX50 FULL0621:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ESTOXX50 FULL0621 in 1H shows an overall bearish trend. 78.57% 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 bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,856.89 | 3,882.00 | 3,922.00 | 3,925.00 | 3,955.50 | 3,995.00 | 4,012.00 |
| Change (%) | -1.74% | -1.10% | -0.08% | - | +0.78% | +1.78% | +2.22% |
| Change | -68.11 | -43.00 | -3.00 | - | +30.50 | +70.00 | +87.00 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,929.33 | 3,955.67 | 3,983.33 | 4,009.67 | 4,037.33 | 4,063.67 | 4,091.33 |
| Camarilla | 3,996.15 | 4,001.10 | 4,006.05 | 4,011.00 | 4,015.95 | 4,020.90 | 4,025.85 |
| Woodie | 3,930.00 | 3,956.00 | 3,984.00 | 4,010.00 | 4,038.00 | 4,064.00 | 4,092.00 |
| Fibonacci | 3,955.67 | 3,976.30 | 3,989.04 | 4,009.67 | 4,030.30 | 4,043.04 | 4,063.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,787.33 | 3,834.67 | 3,926.33 | 3,973.67 | 4,065.33 | 4,112.67 | 4,204.33 |
| Camarilla | 3,979.78 | 3,992.52 | 4,005.26 | 4,018.00 | 4,030.74 | 4,043.48 | 4,056.23 |
| Woodie | 3,809.50 | 3,845.75 | 3,948.50 | 3,984.75 | 4,087.50 | 4,123.75 | 4,226.50 |
| Fibonacci | 3,834.67 | 3,887.77 | 3,920.57 | 3,973.67 | 4,026.77 | 4,059.57 | 4,112.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,738.33 | 3,802.67 | 3,871.33 | 3,935.67 | 4,004.33 | 4,068.67 | 4,137.33 |
| Camarilla | 3,903.43 | 3,915.62 | 3,927.81 | 3,940.00 | 3,952.19 | 3,964.38 | 3,976.58 |
| Woodie | 3,740.50 | 3,803.75 | 3,873.50 | 3,936.75 | 4,006.50 | 4,069.75 | 4,139.50 |
| Fibonacci | 3,802.67 | 3,853.47 | 3,884.86 | 3,935.67 | 3,986.47 | 4,017.86 | 4,068.67 |
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): | 32.69 | |
| MACD (12,26,9): | -21.4700 | |
| Directional Movement: | -21.82 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 3,925.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,933.73 | |
| Elder Ray (13): | -24.00 | |
| Super Trend (3,10): | 3,954.42 | |
| Zig ZAG (10): | 3,932.00 | |
| VORTEX (21): | 0.6600 | |
| Stochastique (14,3,5): | 15.74 | |
| TEMA (21): | 3,912.52 | |
| Williams %R (14): | -61.73 | |
| Chande Momentum Oscillator (20): | -20.00 | |
| Repulse (5,40,3): | 0.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 2.62 |
| MA7: | 3,972.00 | |
| MA20: | 3,960.15 | |
| MA50: | 3,860.84 | |
| MA100: | 3,702.64 | |
| MAexp7: | 3,931.41 | |
| MAexp20: | 3,950.08 | |
| MAexp50: | 3,972.48 | |
| MAexp100: | 3,974.19 | |
| Price / MA7: | -1.18% | |
| Price / MA20: | -0.89% | |
| Price / MA50: | +1.66% | |
| Price / MA100: | +6.01% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.63% | |
| Price / MAexp50: | -1.20% | |
| Price / MAexp100: | -1.24% |
Quotes :
-
15 min delayed data
-
EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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