ESTOXX50 FULL0624 - Daily - Technical analysis published on 11/29/2021 (GMT)
- 190
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 4,241.39 EUR
My targets
4,064.17 EUR (-1.82%)
3,993.00 EUR (-3.54%)
My analysis
The strong short-term decline of ESTOXX50 FULL1221 reinforces the current slightly bearish trend. As long as the price remains below 4,241.39 EUR, you could take advantage of this bearish acceleration. The first bearish objective is located at 4,064.17 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3,993.00 EUR as an objective. Crossing it would then enable sellers to target 3,921.33 EUR. A return to above 4,241.39 EUR would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.9
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ESTOXX50 FULL1221 price is 4,139.50 EUR. On the day, this instrument gained +1.36% with the lowest point at 4,120.00 EUR and the highest point at 4,168.00 EUR. The deviation from the price is +0.47% for the low point and -0.68% for the high point.4,120.00
4,168.00
4,139.50
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ESTOXX50 FULL1221:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ESTOXX50 FULL1221 chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Long black line
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,921.33 | 3,993.00 | 4,064.17 | 4,139.50 | 4,162.95 | 4,241.39 | 4,396.50 |
| Change (%) | -5.27% | -3.54% | -1.82% | - | +0.57% | +2.46% | +6.21% |
| Change | -218.17 | -146.50 | -75.33 | - | +23.45 | +101.89 | +257.00 |
| Level | Intermediate | Major | Minor | - | Major | 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 | 3,733.67 | 3,882.83 | 3,973.17 | 4,122.33 | 4,212.67 | 4,361.83 | 4,452.17 |
| Camarilla | 3,997.64 | 4,019.59 | 4,041.55 | 4,063.50 | 4,085.45 | 4,107.41 | 4,129.36 |
| Woodie | 3,704.25 | 3,868.13 | 3,943.75 | 4,107.63 | 4,183.25 | 4,347.13 | 4,422.75 |
| Fibonacci | 3,882.83 | 3,974.32 | 4,030.84 | 4,122.33 | 4,213.82 | 4,270.34 | 4,361.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,604.33 | 3,818.17 | 3,940.83 | 4,154.67 | 4,277.33 | 4,491.17 | 4,613.83 |
| Camarilla | 3,970.96 | 4,001.81 | 4,032.65 | 4,063.50 | 4,094.35 | 4,125.19 | 4,156.04 |
| Woodie | 3,558.75 | 3,795.38 | 3,895.25 | 4,131.88 | 4,231.75 | 4,468.38 | 4,568.25 |
| Fibonacci | 3,818.17 | 3,946.71 | 4,026.12 | 4,154.67 | 4,283.21 | 4,362.62 | 4,491.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,742.17 | 3,845.83 | 4,049.67 | 4,153.33 | 4,357.17 | 4,460.83 | 4,664.67 |
| Camarilla | 4,168.94 | 4,197.13 | 4,225.31 | 4,253.50 | 4,281.69 | 4,309.88 | 4,338.06 |
| Woodie | 3,792.25 | 3,870.88 | 4,099.75 | 4,178.38 | 4,407.25 | 4,485.88 | 4,714.75 |
| Fibonacci | 3,845.83 | 3,963.30 | 4,035.87 | 4,153.33 | 4,270.80 | 4,343.37 | 4,460.83 |
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): | 38.07 | |
| MACD (12,26,9): | -3.0400 | |
| Directional Movement: | -31.39 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 4,284.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,338.52 | |
| Elder Ray (13): | -120.61 | |
| Super Trend (3,10): | 4,342.96 | |
| Zig ZAG (10): | 4,149.50 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 22.93 | |
| TEMA (21): | 4,243.65 | |
| Williams %R (14): | -69.93 | |
| Chande Momentum Oscillator (20): | -206.50 | |
| Repulse (5,40,3): | -4.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 3.87 |
| MA7: | 4,248.86 | |
| MA20: | 4,314.77 | |
| MA50: | 4,198.44 | |
| MA100: | 4,156.12 | |
| MAexp7: | 4,225.71 | |
| MAexp20: | 4,270.19 | |
| MAexp50: | 4,227.42 | |
| MAexp100: | 4,156.98 | |
| Price / MA7: | -2.57% | |
| Price / MA20: | -4.06% | |
| Price / MA50: | -1.40% | |
| Price / MA100: | -0.40% | |
| Price / MAexp7: | -2.04% | |
| Price / MAexp20: | -3.06% | |
| Price / MAexp50: | -2.08% | |
| Price / MAexp100: | -0.42% |
Quotes :
-
15 min delayed data
-
EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ESTOXX50 FULL0624 - Daily