ESTOXX50 FULL0624 - 1H - Technical analysis published on 10/20/2021 (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 bullish
Underlying:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 4,117.00 EUR
My targets
4,175.00 EUR (+0.52%)
4,243.00 EUR (+2.15%)
My analysis
The bullish trend is currently very strong on ESTOXX50 FULL1221. As long as the price remains above the support at 4,117.00 EUR, you could try to benefit from the boom. The first bullish objective is located at 4,175.00 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4,243.00 EUR as an objective. Crossing it would then enable buyers to target 4,580.00 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
6.3
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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 FULL1221 rating is 4,153.50 EUR. On the day, this instrument lost -0.12% and was traded between 4,131.50 EUR and 4,160.50 EUR over the period. The price is currently at +0.53% from its lowest and -0.17% from its highest.4,131.50
4,160.50
4,153.50
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a 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 FULL1221 in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 4,051.90 | 4,087.54 | 4,117.00 | 4,153.50 | 4,175.00 | 4,243.00 | 4,580.00 |
| Change (%) | -2.45% | -1.59% | -0.88% | - | +0.52% | +2.15% | +10.27% |
| Change | -101.60 | -65.96 | -36.50 | - | +21.50 | +89.50 | +426.50 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,123.83 | 4,131.17 | 4,144.83 | 4,152.17 | 4,165.83 | 4,173.17 | 4,186.83 |
| Camarilla | 4,152.73 | 4,154.65 | 4,156.58 | 4,158.50 | 4,160.43 | 4,162.35 | 4,164.28 |
| Woodie | 4,127.00 | 4,132.75 | 4,148.00 | 4,153.75 | 4,169.00 | 4,174.75 | 4,190.00 |
| Fibonacci | 4,131.17 | 4,139.19 | 4,144.15 | 4,152.17 | 4,160.19 | 4,165.15 | 4,173.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,890.00 | 3,947.00 | 4,061.00 | 4,118.00 | 4,232.00 | 4,289.00 | 4,403.00 |
| Camarilla | 4,127.98 | 4,143.65 | 4,159.33 | 4,175.00 | 4,190.68 | 4,206.35 | 4,222.03 |
| Woodie | 3,918.50 | 3,961.25 | 4,089.50 | 4,132.25 | 4,260.50 | 4,303.25 | 4,431.50 |
| Fibonacci | 3,947.00 | 4,012.32 | 4,052.68 | 4,118.00 | 4,183.32 | 4,223.68 | 4,289.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,672.33 | 3,823.17 | 3,922.33 | 4,073.17 | 4,172.33 | 4,323.17 | 4,422.33 |
| Camarilla | 3,952.75 | 3,975.67 | 3,998.58 | 4,021.50 | 4,044.42 | 4,067.33 | 4,090.25 |
| Woodie | 3,646.50 | 3,810.25 | 3,896.50 | 4,060.25 | 4,146.50 | 4,310.25 | 4,396.50 |
| Fibonacci | 3,823.17 | 3,918.67 | 3,977.67 | 4,073.17 | 4,168.67 | 4,227.67 | 4,323.17 |
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): | 50.51 | |
| MACD (12,26,9): | 0.7300 | |
| Directional Movement: | -5.13 | |
| AROON (14): | 0 | |
| DEMA (21): | 4,153.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,131.50 | |
| Elder Ray (13): | 2.23 | |
| Super Trend (3,10): | 4,136.32 | |
| Zig ZAG (10): | 4,152.50 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 74.71 | |
| TEMA (21): | 4,152.84 | |
| Williams %R (14): | -24.14 | |
| Chande Momentum Oscillator (20): | -2.00 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 4,126.79 | |
| MA20: | 4,087.85 | |
| MA50: | 4,124.90 | |
| MA100: | 4,092.88 | |
| MAexp7: | 4,151.71 | |
| MAexp20: | 4,151.98 | |
| MAexp50: | 4,147.80 | |
| MAexp100: | 4,131.82 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +1.61% | |
| Price / MA50: | +0.69% | |
| Price / MA100: | +1.48% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.52% |
Quotes :
-
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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