STXE 600 CNS&MAT EUR (PRICE) - 1H - Technical analysis published on 04/18/2024 (GMT)
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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
17%
44%
39%
My opinion
Bearish under 688.36 EUR
My targets
666.07 EUR (-2.17%)
653.17 EUR (-4.06%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on STXE 600 CNS&MAT EUR (PRICE) as long as the price remains well below 688.36 EUR. The sellers' bearish objective is set at 666.07 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 653.17 EUR. In case of crossing, the next objective would be the support located at 636.92 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7
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Additional analysis
Quotes
The STXE 600 CNS&MAT EUR (PRICE) rating is 680.84 EUR. The price is lower by -0.02% since the last closing and was traded between 679.56 EUR and 682.73 EUR over the period. The price is currently at +0.19% from its lowest and -0.28% from its highest.679.56
682.73
680.84
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by STXE 600 CNS&MAT EUR (PRICE):
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this STXE 600 CNS&MAT EUR (PRICE) chart shows a sharp bearish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 636.92 | 653.17 | 666.07 | 680.84 | 682.42 | 688.36 | 691.98 |
| Change (%) | -6.45% | -4.06% | -2.17% | - | +0.23% | +1.10% | +1.64% |
| Change | -43.92 | -27.67 | -14.77 | - | +1.58 | +7.52 | +11.14 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 670.47 | 675.71 | 678.32 | 683.56 | 686.17 | 691.41 | 694.02 |
| Camarilla | 678.78 | 679.50 | 680.22 | 680.94 | 681.66 | 682.38 | 683.10 |
| Woodie | 669.17 | 675.05 | 677.02 | 682.90 | 684.87 | 690.75 | 692.72 |
| Fibonacci | 675.71 | 678.71 | 680.56 | 683.56 | 686.56 | 688.41 | 691.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 657.98 | 670.20 | 681.15 | 693.37 | 704.32 | 716.54 | 727.49 |
| Camarilla | 685.73 | 687.85 | 689.98 | 692.10 | 694.22 | 696.35 | 698.47 |
| Woodie | 657.35 | 669.88 | 680.52 | 693.05 | 703.69 | 716.22 | 726.86 |
| Fibonacci | 670.20 | 679.05 | 684.52 | 693.37 | 702.22 | 707.69 | 716.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 653.63 | 666.67 | 689.64 | 702.68 | 725.65 | 738.69 | 761.66 |
| Camarilla | 702.70 | 706.00 | 709.30 | 712.60 | 715.90 | 719.20 | 722.50 |
| Woodie | 658.59 | 669.15 | 694.60 | 705.16 | 730.61 | 741.17 | 766.62 |
| Fibonacci | 666.67 | 680.43 | 688.93 | 702.68 | 716.44 | 724.94 | 738.69 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.03 | |
| MACD (12,26,9): | -2.1700 | |
| Directional Movement: | -14.05 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 681.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 687.43 | |
| Elder Ray (13): | -2.80 | |
| Super Trend (3,10): | 688.73 | |
| Zig ZAG (10): | 680.30 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 11.43 | |
| TEMA (21): | 681.08 | |
| Williams %R (14): | -94.15 | |
| Chande Momentum Oscillator (20): | -1.45 | |
| Repulse (5,40,3): | -0.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.28 |
| MA7: | 686.97 | |
| MA20: | 699.51 | |
| MA50: | 687.81 | |
| MA100: | 666.76 | |
| MAexp7: | 681.69 | |
| MAexp20: | 684.55 | |
| MAexp50: | 688.36 | |
| MAexp100: | 692.64 | |
| Price / MA7: | -0.89% | |
| Price / MA20: | -2.67% | |
| Price / MA50: | -1.01% | |
| Price / MA100: | +2.11% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.54% | |
| Price / MAexp50: | -1.09% | |
| Price / MAexp100: | -1.70% |
Quotes :
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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.
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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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