STXE 600 TECH EUR (PRICE)

SX8P

- EUR (-)

- 15 min delayed data - STOXX Indices

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Change:	-
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Type:	Indices
Ticker:	SX8P
ISIN:	EU0009658921

STXE 600 TECH EUR (PRICE) - Daily - Technical analysis published on 10/05/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 575.44 EUR

My targets

540.53 EUR (-2.29%)

503.82 EUR (-8.92%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on STXE 600 TECH EUR (PRICE). As long as you are under the resistance located at 575.44 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 540.53 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 503.82 EUR as an objective. Crossing it would then enable sellers to target 456.61 EUR. If the resistance 575.44 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

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.

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Additional analysis

Quotes

The STXE 600 TECH EUR (PRICE) rating is 553.18 EUR. The price registered a decrease of -0.10% on the session and was between 549.99 EUR and 553.73 EUR. This implies that the price is at +0.58% from its lowest and at -0.10% from its highest.

549.99

553.73

553.18

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of STXE 600 TECH EUR (PRICE) indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	456.61	503.82	550.61	553.18	575.44	639.21	693.07
Change (%)	-17.46%	-8.92%	-0.46%	-	+4.02%	+15.55%	+25.29%
Change	-96.57	-49.36	-2.57	-	+22.26	+86.03	+139.89
Level	Minor	Major	Intermediate	-	Intermediate	Intermediate	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	511.88	520.26	537.00	545.38	562.12	570.50	587.24
Camarilla	546.84	549.15	551.45	553.75	556.05	558.36	560.66
Woodie	516.07	522.35	541.19	547.47	566.31	572.59	591.43
Fibonacci	520.26	529.85	535.78	545.38	554.97	560.90	570.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	477.29	492.27	506.74	521.72	536.19	551.17	565.64
Camarilla	513.10	515.80	518.50	521.20	523.90	526.60	529.30
Woodie	477.03	492.14	506.48	521.59	535.93	551.04	565.38
Fibonacci	492.27	503.52	510.47	521.72	532.97	539.92	551.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	402.07	454.67	487.93	540.53	573.79	626.39	659.65
Camarilla	497.59	505.46	513.33	521.20	529.07	536.94	544.81
Woodie	392.41	449.84	478.27	535.70	564.13	621.56	649.99
Fibonacci	454.67	487.47	507.73	540.53	573.33	593.59	626.39

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):	51.42
MACD (12,26,9):	-13.8000
Directional Movement:	-3.63
AROON (14):	-92.86
DEMA (21):	524.98
Parabolic SAR (0,02-0,02-0,2):	507.04
Elder Ray (13):	4.67
Super Trend (3,10):	562.46
Zig ZAG (10):	553.75
VORTEX (21):	0.9100
Stochastique (14,3,5):	40.34
TEMA (21):	520.33
Williams %R (14):	-24.77
Chande Momentum Oscillator (20):	6.50
Repulse (5,40,3):	8.2500
ROCnROLL:	-1
TRIX (15,9):	-0.4000
Courbe Coppock:	12.95

MA7:	527.01
MA20:	545.60
MA50:	580.50
MA100:	574.91
MAexp7:	532.58
MAexp20:	543.75
MAexp50:	563.52
MAexp100:	583.63
Price / MA7:	+4.97%
Price / MA20:	+1.39%
Price / MA50:	-4.71%
Price / MA100:	-3.78%
Price / MAexp7:	+3.87%
Price / MAexp20:	+1.73%
Price / MAexp50:	-1.83%
Price / MAexp100:	-5.22%

Quotes : - 15 min delayed data - STOXX Indices

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

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