STXE 600 TECH EUR (PRICE) - 1H - Technical analysis published on 03/02/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 669.06 EUR
My targets
652.36 EUR (-0.57%)
639.21 EUR (-2.57%)
My analysis
The basic trend is very bearish on STXE 600 TECH EUR (PRICE) but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on STXE 600 TECH EUR (PRICE). As long as you stay below the resistance 669.06 EUR, sellers' retain the upper hand. A break in the support at 652.36 EUR would be a signal that the basic trend will reverse. Sellers would then use the next support located at 639.21 EUR as an objective. Crossing it would then enable sellers to target 616.81 EUR. If the price were to depress the resistance 669.06 EUR in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
STXE 600 TECH EUR (PRICE) rating 656.08 EUR. The price registered a decrease of -0.02% on the session with the lowest point at 643.60 EUR and the highest point at 656.28 EUR. The deviation from the price is +1.94% for the low point and -0.03% for the high point.643.60
656.28
656.08
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by STXE 600 TECH EUR (PRICE):
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of STXE 600 TECH EUR (PRICE) in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 616.81 | 639.21 | 652.36 | 656.08 | 656.30 | 675.46 | 683.98 |
| Change (%) | -5.99% | -2.57% | -0.57% | - | +0.03% | +2.95% | +4.25% |
| Change | -39.27 | -16.87 | -3.72 | - | +0.22 | +19.38 | +27.90 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 639.04 | 647.10 | 651.65 | 659.71 | 664.26 | 672.32 | 676.87 |
| Camarilla | 652.73 | 653.89 | 655.04 | 656.20 | 657.36 | 658.51 | 659.67 |
| Woodie | 637.29 | 646.22 | 649.90 | 658.83 | 662.51 | 671.44 | 675.12 |
| Fibonacci | 647.10 | 651.92 | 654.89 | 659.71 | 664.53 | 667.50 | 672.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 616.24 | 633.84 | 642.65 | 660.25 | 669.06 | 686.66 | 695.47 |
| Camarilla | 644.19 | 646.61 | 649.03 | 651.45 | 653.87 | 656.29 | 658.71 |
| Woodie | 611.84 | 631.64 | 638.25 | 658.05 | 664.66 | 684.46 | 691.07 |
| Fibonacci | 633.84 | 643.93 | 650.17 | 660.25 | 670.34 | 676.58 | 686.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 587.62 | 619.53 | 639.13 | 671.04 | 690.64 | 722.55 | 742.15 |
| Camarilla | 644.56 | 649.28 | 654.00 | 658.72 | 663.44 | 668.16 | 672.89 |
| Woodie | 581.46 | 616.45 | 632.97 | 667.96 | 684.48 | 719.47 | 735.99 |
| Fibonacci | 619.53 | 639.21 | 651.37 | 671.04 | 690.72 | 702.88 | 722.55 |
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): | 48.72 | |
| MACD (12,26,9): | -2.6800 | |
| Directional Movement: | -9.92 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 652.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 658.84 | |
| Elder Ray (13): | 1.46 | |
| Super Trend (3,10): | 658.92 | |
| Zig ZAG (10): | 656.08 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 45.99 | |
| TEMA (21): | 651.07 | |
| Williams %R (14): | -48.37 | |
| Chande Momentum Oscillator (20): | -7.73 | |
| Repulse (5,40,3): | 0.9000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 3.65 |
| MA7: | 658.76 | |
| MA20: | 675.40 | |
| MA50: | 651.69 | |
| MA100: | 621.34 | |
| MAexp7: | 653.17 | |
| MAexp20: | 655.57 | |
| MAexp50: | 659.92 | |
| MAexp100: | 665.03 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | -2.86% | |
| Price / MA50: | +0.67% | |
| Price / MA100: | +5.59% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | -1.35% |
Quotes :
-
15 min delayed data
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STOXX Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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