Post an Analysis Request an analysis AI Londinia analysis

Londinia Opportunities Analyses - 04/30/2024 (GMT) PSI20 INDEX - 1H

Back to the list
PSI20 INDEX
- EUR (-)
- 15 min delayed data - Euronext Indices
Type: Indices
Ticker: PSI20
ISIN: PTING0200002

Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 6,607.34 EUR
My targets
6,914.80 EUR (+3.27%)
7,144.25 EUR (+6.70%)
My analysis
The bullish trend is currently very strong on PSI20 INDEX. As long as the price remains above the support at 6,607.34 EUR, you could try to benefit from the boom. The first bullish objective is located at 6,914.80 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7,144.25 EUR as an objective. Crossing it would then enable buyers to target 7,285.87 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
8.6

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.

Additional analysis

Quotes

The PSI20 INDEX rating is 6,695.84 EUR. The price has increased by +0.23% since the last closing with the lowest point at 6,695.09 EUR and the highest point at 6,711.24 EUR. The deviation from the price is +0.01% for the low point and -0.23% for the high point.

6,695.09
6,711.24
6,695.84

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this PSI20 INDEX chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6,511.11 6,607.34 6,691.71 6,695.84 7,285.87 7,734.95 8,882.69
Change (%) -2.76% -1.32% -0.06% - +8.81% +15.52% +32.66%
Change -184.73 -88.50 -4.13 - +590.03 +1,039.11 +2,186.85
Level Minor Major Intermediate - Minor Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6,622.956,638.926,659.776,675.746,696.596,712.566,733.41
Camarilla6,670.506,673.876,677.256,680.626,684.006,687.376,690.75
Woodie6,625.396,640.146,662.216,676.966,699.036,713.786,735.85
Fibonacci6,638.926,652.996,661.686,675.746,689.816,698.506,712.56


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6,002.456,153.606,383.056,534.206,763.656,914.807,144.25
Camarilla6,507.856,542.736,577.626,612.516,647.406,682.296,717.18
Woodie6,041.616,173.186,422.216,553.786,802.816,934.387,183.41
Fibonacci6,153.606,298.996,388.816,534.206,679.596,769.416,914.80


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,867.445,958.736,119.626,210.916,371.806,463.096,623.98
Camarilla6,211.156,234.276,257.386,280.506,303.626,326.736,349.85
Woodie5,902.235,976.136,154.416,228.316,406.596,480.496,658.77
Fibonacci5,958.736,055.076,114.586,210.916,307.256,366.766,463.09

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): 70.81
MACD (12,26,9): 36.3900
Directional Movement: 30.46
AROON (14): 100.00
DEMA (21): 6,692.21
Parabolic SAR (0,02-0,02-0,2): 6,631.16
Elder Ray (13): 42.77
Super Trend (3,10): 6,636.30
Zig ZAG (10): 6,700.09
VORTEX (21): 1.0900
Stochastique (14,3,5): 88.91
TEMA (21): 6,693.97
Williams %R (14): -9.46
Chande Momentum Oscillator (20): 82.66
Repulse (5,40,3): -0.1500
ROCnROLL: 1
TRIX (15,9): 0.0700
Courbe Coppock: 2.22
MA7: 6,596.33
MA20: 6,370.94
MA50: 6,261.54
MA100: 6,315.92
MAexp7: 6,678.12
MAexp20: 6,638.62
MAexp50: 6,573.37
MAexp100: 6,487.01
Price / MA7: +1.51%
Price / MA20: +5.10%
Price / MA50: +6.94%
Price / MA100: +6.02%
Price / MAexp7: +0.27%
Price / MAexp20: +0.86%
Price / MAexp50: +1.86%
Price / MAexp100: +3.22%

Quotes : - 15 min delayed data - Indices Euronext

NEW !