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STEICO SE
STEICO SE
- EUR (-)
- 15 min delayed data - Germany Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ST5
ISIN: DE000A0LR936

STEICO SE - Daily - Technical analysis published on 10/30/2023 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 27.76 EUR
My targets
23.92 EUR (-7.12%)
21.38 EUR (-16.96%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 27.76 EUR remains possible. It is advisable to trade STEICO SE with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 27.76 EUR. The next bearish objective for sellers is set at 23.92 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21.38 EUR. In case of crossing, the next objective would be the support located at 18.18 EUR. PS: if there is a bullish break in the resistance located at 27.76 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.7

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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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
1H Weekly

Additional analysis

Quotes

The STEICO SE price is 25.75 EUR. The price has increased by +7.97% since the last closing with the lowest point at 23.60 EUR and the highest point at 25.90 EUR. The deviation from the price is +9.11% for the low point and -0.58% for the high point.

23.60
25.90
25.75

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of STEICO SE in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 3.82 18.18 25.75 27.76 35.25 38.89
Change (%) -85.17% -29.40% - +7.81% +36.89% +51.03%
Change -21.93 -7.57 - +2.01 +9.50 +13.14
Level Minor Major - Major Minor Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.4021.9522.9023.4524.4024.9525.90
Camarilla23.4423.5823.7123.8523.9924.1324.26
Woodie21.6022.0523.1023.5524.6025.0526.10
Fibonacci21.9522.5222.8823.4524.0224.3824.95


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.5720.4822.1723.0824.7725.6827.37
Camarilla23.1423.3723.6123.8524.0924.3324.57
Woodie19.9520.6822.5523.2825.1525.8827.75
Fibonacci20.4821.4822.0923.0824.0824.6925.68


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.0221.3823.9227.2829.8233.1835.72
Camarilla24.8325.3725.9126.4526.9927.5328.07
Woodie17.6021.1823.5027.0829.4032.9835.30
Fibonacci21.3823.6425.0327.2829.5430.9333.18

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): 53.12
MACD (12,26,9): -0.9300
Directional Movement: 3.46
AROON (14): -78.57
DEMA (21): 23.40
Parabolic SAR (0,02-0,02-0,2): 21.40
Elder Ray (13): 0.54
Super Trend (3,10): 25.88
Zig ZAG (10): 25.75
VORTEX (21): 0.9400
Stochastique (14,3,5): 36.26
TEMA (21): 23.41
Williams %R (14): -41.22
Chande Momentum Oscillator (20): -0.85
Repulse (5,40,3): 14.2700
ROCnROLL: -1
TRIX (15,9): -0.5300
Courbe Coppock: 22.37
MA7: 23.26
MA20: 25.01
MA50: 26.66
MA100: 29.89
MAexp7: 23.94
MAexp20: 24.68
MAexp50: 26.78
MAexp100: 30.42
Price / MA7: +10.71%
Price / MA20: +2.96%
Price / MA50: -3.41%
Price / MA100: -13.85%
Price / MAexp7: +7.56%
Price / MAexp20: +4.34%
Price / MAexp50: -3.85%
Price / MAexp100: -15.35%

Quotes : - 15 min delayed data - Germany Stocks

News


Don't forget to follow the news on STEICO SE. At the time of publication of this analysis, the latest news was as follows:

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

About author

Londinia
Londinia AI

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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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