STXE 600 OIL&GAS EUR (PRICE)

SXEP

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SXEP
ISIN:	EU0009658780

STXE 600 OIL&GAS EUR (PRICE) - Daily - Technical analysis published on 03/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

56%

17%

My opinion

Bearish under 337.52 EUR

My targets

327.91 EUR (-1.56%)

320.04 EUR (-3.93%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on STXE 600 OIL&GAS EUR (PRICE) as long as the price remains well below 337.52 EUR. The sellers' bearish objective is set at 327.91 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 320.04 EUR. In case of crossing, the next objective would be the support located at 301.93 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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 STXE 600 OIL&GAS EUR (PRICE) price is 333.12 EUR. The price registered a decrease of -0.02% on the session and was between 331.71 EUR and 335.22 EUR. This implies that the price is at +0.43% from its lowest and at -0.63% from its highest.

331.71

335.22

333.12

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of STXE 600 OIL&GAS EUR (PRICE) in Daily shows a overall strongly bearish trend. 85.71% 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.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	301.93	320.04	327.91	333.12	337.52	343.86	350.94
Change (%)	-9.36%	-3.93%	-1.56%	-	+1.32%	+3.22%	+5.35%
Change	-31.19	-13.08	-5.21	-	+4.40	+10.74	+17.82
Level	Major	Minor	Major	-	Major	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	317.29	322.18	327.67	332.56	338.05	342.94	348.43
Camarilla	330.32	331.27	332.22	333.17	334.12	335.07	336.03
Woodie	317.60	322.33	327.98	332.71	338.36	343.09	348.74
Fibonacci	322.18	326.14	328.59	332.56	336.52	338.97	342.94

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	265.33	290.61	306.22	331.50	347.11	372.39	388.00
Camarilla	310.58	314.32	318.07	321.82	325.57	329.32	333.07
Woodie	260.49	288.19	301.38	329.08	342.27	369.97	383.16
Fibonacci	290.61	306.23	315.88	331.50	347.12	356.77	372.39

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	306.85	321.58	341.17	355.90	375.49	390.22	409.81
Camarilla	351.31	354.46	357.60	360.75	363.90	367.04	370.19
Woodie	309.27	322.80	343.59	357.12	377.91	391.44	412.23
Fibonacci	321.58	334.69	342.79	355.90	369.01	377.11	390.22

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):	38.70
MACD (12,26,9):	-7.4500
Directional Movement:	-18.98
AROON (14):	-64.28
DEMA (21):	335.86
Parabolic SAR (0,02-0,02-0,2):	347.16
Elder Ray (13):	-5.95
Super Trend (3,10):	351.50
Zig ZAG (10):	333.12
VORTEX (21):	0.8300
Stochastique (14,3,5):	32.52
TEMA (21):	328.44
Williams %R (14):	-62.91
Chande Momentum Oscillator (20):	-31.66
Repulse (5,40,3):	0.1300
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	16.07

MA7:	330.12
MA20:	349.21
MA50:	351.30
MA100:	349.60
MAexp7:	333.43
MAexp20:	343.86
MAexp50:	348.56
MAexp100:	346.54
Price / MA7:	+0.91%
Price / MA20:	-4.61%
Price / MA50:	-5.18%
Price / MA100:	-4.71%
Price / MAexp7:	-0.09%
Price / MAexp20:	-3.12%
Price / MAexp50:	-4.43%
Price / MAexp100:	-3.87%

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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