STMICROELECTRONICS

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	STMMI
ISIN:	NL0000226223

STMICROELECTRONICS - 1H - Technical analysis published on 01/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

28%

50%

My opinion

Bearish under 40.262 EUR

My targets

38.413 EUR (-3.25%)

37.430 EUR (-5.73%)

My analysis

STMICROELECTRONICS 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 40.262 EUR. The next support located at 38.413 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 37.430 EUR. Below this support, sellers could then target 35.141 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.3

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The STMICROELECTRONICS price is 39.705 EUR. The price is lower by -0.04% since the last closing and was traded between 39.470 EUR and 39.930 EUR over the period. The price is currently at +0.60% from its lowest and -0.56% from its highest.

39.470

39.930

39.705

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of STMICROELECTRONICS indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back under 0

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	35.141	37.430	39.676	39.705	40.262	41.160	42.551
Change (%)	-11.49%	-5.73%	-0.07%	-	+1.40%	+3.66%	+7.17%
Change	-4.564	-2.275	-0.029	-	+0.557	+1.455	+2.846
Level	Major	Intermediate	Minor	-	Intermediate	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.492	39.023	39.372	39.903	40.252	40.783	41.132
Camarilla	39.478	39.559	39.639	39.720	39.801	39.881	39.962
Woodie	38.400	38.978	39.280	39.858	40.160	40.738	41.040
Fibonacci	39.023	39.360	39.567	39.903	40.240	40.447	40.783

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.272	38.413	39.067	40.208	40.862	42.003	42.657
Camarilla	39.226	39.391	39.556	39.720	39.885	40.049	40.214
Woodie	37.028	38.291	38.823	40.086	40.618	41.881	42.413
Fibonacci	38.413	39.099	39.523	40.208	40.894	41.318	42.003

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.570	41.418	43.314	45.162	47.058	48.906	50.802
Camarilla	44.180	44.524	44.867	45.210	45.553	45.896	46.240
Woodie	39.594	41.430	43.338	45.174	47.082	48.918	50.826
Fibonacci	41.418	42.848	43.732	45.162	46.592	47.476	48.906

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):	41.45
MACD (12,26,9):	-0.1710
Directional Movement:	-4.495
AROON (14):	-64.286
DEMA (21):	39.622
Parabolic SAR (0,02-0,02-0,2):	39.496
Elder Ray (13):	-0.042
Super Trend (3,10):	40.343
Zig ZAG (10):	39.690
VORTEX (21):	0.9160
Stochastique (14,3,5):	48.84
TEMA (21):	39.687
Williams %R (14):	-62.39
Chande Momentum Oscillator (20):	-0.125
Repulse (5,40,3):	-0.2580
ROCnROLL:	2
TRIX (15,9):	-0.0730
Courbe Coppock:	1.22

MA7:	40.374
MA20:	43.429
MA50:	42.321
MA100:	41.491
MAexp7:	39.755
MAexp20:	39.871
MAexp50:	40.404
MAexp100:	41.424
Price / MA7:	-1.66%
Price / MA20:	-8.57%
Price / MA50:	-6.18%
Price / MA100:	-4.30%
Price / MAexp7:	-0.13%
Price / MAexp20:	-0.42%
Price / MAexp50:	-1.73%
Price / MAexp100:	-4.15%

Quotes : - 15 min delayed data - Italy Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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