ESTOXX50 FULL0624 - 1H - Technical analysis published on 12/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 4,176.88 EUR
My targets
4,117.00 EUR (-0.59%)
4,076.50 EUR (-1.57%)
My analysis
The bearish trend is currently very strong for ESTOXX50 FULL0322. As long as the price remains below the resistance at 4,176.88 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 4,117.00 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4,076.50 EUR as an objective. Crossing it would then enable sellers to target 4,053.50 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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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 FULL0322 rating is 4,141.50 EUR. On the day, this instrument lost -0.55% with the lowest point at 4,133.50 EUR and the highest point at 4,179.00 EUR. The deviation from the price is +0.19% for the low point and -0.90% for the high point.4,133.50
4,179.00
4,141.50
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ESTOXX50 FULL0322:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ESTOXX50 FULL0322 indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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 on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
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 this inversion signal that could impact the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,076.50 | 4,117.00 | 4,134.78 | 4,141.50 | 4,176.88 | 4,219.60 | 4,251.54 |
| Change (%) | -1.57% | -0.59% | -0.16% | - | +0.85% | +1.89% | +2.66% |
| Change | -65.00 | -24.50 | -6.72 | - | +35.38 | +78.10 | +110.04 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Intermediate |
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 | 4,088.67 | 4,129.33 | 4,169.67 | 4,210.33 | 4,250.67 | 4,291.33 | 4,331.67 |
| Camarilla | 4,187.73 | 4,195.15 | 4,202.58 | 4,210.00 | 4,217.43 | 4,224.85 | 4,232.28 |
| Woodie | 4,088.50 | 4,129.25 | 4,169.50 | 4,210.25 | 4,250.50 | 4,291.25 | 4,331.50 |
| Fibonacci | 4,129.33 | 4,160.28 | 4,179.39 | 4,210.33 | 4,241.28 | 4,260.39 | 4,291.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,879.50 | 3,978.00 | 4,092.00 | 4,190.50 | 4,304.50 | 4,403.00 | 4,517.00 |
| Camarilla | 4,147.56 | 4,167.04 | 4,186.52 | 4,206.00 | 4,225.48 | 4,244.96 | 4,264.44 |
| Woodie | 3,887.25 | 3,981.88 | 4,099.75 | 4,194.38 | 4,312.25 | 4,406.88 | 4,524.75 |
| Fibonacci | 3,978.00 | 4,059.18 | 4,109.33 | 4,190.50 | 4,271.68 | 4,321.83 | 4,403.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,490.67 | 3,742.83 | 3,905.17 | 4,157.33 | 4,319.67 | 4,571.83 | 4,734.17 |
| Camarilla | 3,953.51 | 3,991.51 | 4,029.50 | 4,067.50 | 4,105.50 | 4,143.49 | 4,181.49 |
| Woodie | 3,445.75 | 3,720.38 | 3,860.25 | 4,134.88 | 4,274.75 | 4,549.38 | 4,689.25 |
| Fibonacci | 3,742.83 | 3,901.17 | 3,998.99 | 4,157.33 | 4,315.67 | 4,413.49 | 4,571.83 |
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): | 34.77 | |
| MACD (12,26,9): | -13.9000 | |
| Directional Movement: | -16.44 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 4,157.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,174.00 | |
| Elder Ray (13): | -18.70 | |
| Super Trend (3,10): | 4,196.98 | |
| Zig ZAG (10): | 4,140.50 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 19.37 | |
| TEMA (21): | 4,145.98 | |
| Williams %R (14): | -82.17 | |
| Chande Momentum Oscillator (20): | -30.00 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.42 |
| MA7: | 4,177.50 | |
| MA20: | 4,181.88 | |
| MA50: | 4,222.90 | |
| MA100: | 4,174.97 | |
| MAexp7: | 4,155.57 | |
| MAexp20: | 4,173.63 | |
| MAexp50: | 4,184.45 | |
| MAexp100: | 4,188.19 | |
| Price / MA7: | -0.86% | |
| Price / MA20: | -0.97% | |
| Price / MA50: | -1.93% | |
| Price / MA100: | -0.80% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -0.77% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -1.11% |
Quotes :
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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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