STMICROELECTRONICS

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	STMMI
ISIN:	NL0000226223

STMICROELECTRONICS - Daily - Technical analysis published on 01/24/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 38.615 EUR

My targets

41.319 EUR (+5.06%)

45.568 EUR (+15.86%)

My analysis

The bullish trend is currently very strong on STMICROELECTRONICS. As long as the price remains above the support at 38.615 EUR, you could try to benefit from the boom. The first bullish objective is located at 41.319 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 45.568 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

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

STMICROELECTRONICS rating 39.330 EUR. The price registered an increase of +0.69% on the session and was traded between 39.275 EUR and 39.645 EUR over the period. The price is currently at +0.14% from its lowest and -0.79% from its highest.

39.275

39.645

39.330

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by STMICROELECTRONICS:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of STMICROELECTRONICS in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	35.215	37.725	38.615	39.330	41.319	45.568
Change (%)	-10.46%	-4.08%	-1.82%	-	+5.06%	+15.86%
Change	-4.115	-1.605	-0.715	-	+1.989	+6.238
Level	Major	Major	Major	-	Minor	Major

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	37.205	37.620	38.340	38.755	39.475	39.890	40.610
Camarilla	38.748	38.852	38.956	39.060	39.164	39.268	39.372
Woodie	37.358	37.696	38.493	38.831	39.628	39.966	40.763
Fibonacci	37.620	38.054	38.321	38.755	39.189	39.456	39.890

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.393	35.912	36.988	38.507	39.583	41.102	42.178
Camarilla	37.351	37.589	37.827	38.065	38.303	38.541	38.779
Woodie	34.173	35.801	36.768	38.396	39.363	40.991	41.958
Fibonacci	35.912	36.903	37.515	38.507	39.498	40.110	41.102

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.182	28.968	30.987	34.773	36.792	40.578	42.597
Camarilla	31.409	31.941	32.473	33.005	33.537	34.069	34.601
Woodie	24.298	28.526	30.103	34.331	35.908	40.136	41.713
Fibonacci	28.968	31.186	32.556	34.773	36.991	38.361	40.578

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):	67.06
MACD (12,26,9):	1.0590
Directional Movement:	22.754
AROON (14):	71.429
DEMA (21):	38.443
Parabolic SAR (0,02-0,02-0,2):	37.480
Elder Ray (13):	1.623
Super Trend (3,10):	36.453
Zig ZAG (10):	39.465
VORTEX (21):	1.2450
Stochastique (14,3,5):	82.24
TEMA (21):	39.246
Williams %R (14):	-8.77
Chande Momentum Oscillator (20):	4.040
Repulse (5,40,3):	1.8680
ROCnROLL:	1
TRIX (15,9):	0.2870
Courbe Coppock:	26.58

MA7:	38.694
MA20:	36.433
MA50:	36.260
MA100:	35.106
MAexp7:	38.576
MAexp20:	37.231
MAexp50:	36.151
MAexp100:	35.603
Price / MA7:	+1.64%
Price / MA20:	+7.95%
Price / MA50:	+8.47%
Price / MA100:	+12.03%
Price / MAexp7:	+1.95%
Price / MAexp20:	+5.64%
Price / MAexp50:	+8.79%
Price / MAexp100:	+10.47%

Quotes : - 15 min delayed data - Italy Stocks

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

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