STMICROELECTRONICS - 1H - Technical analysis published on 06/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 44.085 EUR
My targets
42.640 EUR (-0.95%)
41.751 EUR (-3.02%)
My analysis
The basic trend is very bearish on STMICROELECTRONICS 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 STMICROELECTRONICS. As long as you stay below the resistance 44.085 EUR, sellers' retain the upper hand. A break in the support at 42.640 EUR would be a signal that the basic trend will reverse. Sellers would then use the next support located at 41.751 EUR as an objective. Crossing it would then enable sellers to target 40.766 EUR. If the price were to depress the resistance 44.085 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
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
STMICROELECTRONICS rating 43.050 EUR. On the day, this instrument gained +1.08% with the lowest point at 42.320 EUR and the highest point at 43.080 EUR. The deviation from the price is +1.72% for the low point and -0.07% for the high point.42.320
43.080
43.050
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of STMICROELECTRONICS in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 5 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 40.766 | 41.751 | 42.640 | 43.050 | 44.085 | 45.509 | 46.420 |
| Change (%) | -5.31% | -3.02% | -0.95% | - | +2.40% | +5.71% | +7.83% |
| Change | -2.284 | -1.299 | -0.410 | - | +1.035 | +2.459 | +3.370 |
| Level | Major | Minor | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.955 | 41.677 | 42.134 | 42.856 | 43.313 | 44.035 | 44.492 |
| Camarilla | 42.266 | 42.374 | 42.482 | 42.590 | 42.698 | 42.806 | 42.914 |
| Woodie | 40.822 | 41.611 | 42.001 | 42.790 | 43.180 | 43.969 | 44.359 |
| Fibonacci | 41.677 | 42.128 | 42.406 | 42.856 | 43.307 | 43.585 | 44.035 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.052 | 40.226 | 41.408 | 43.582 | 44.764 | 46.938 | 48.120 |
| Camarilla | 41.667 | 41.975 | 42.282 | 42.590 | 42.898 | 43.205 | 43.513 |
| Woodie | 37.556 | 39.978 | 40.912 | 43.334 | 44.268 | 46.690 | 47.624 |
| Fibonacci | 40.226 | 41.508 | 42.300 | 43.582 | 44.864 | 45.656 | 46.938 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.987 | 35.095 | 37.806 | 39.914 | 42.625 | 44.733 | 47.444 |
| Camarilla | 39.193 | 39.635 | 40.076 | 40.518 | 40.960 | 41.402 | 41.843 |
| Woodie | 33.290 | 35.246 | 38.109 | 40.065 | 42.928 | 44.884 | 47.747 |
| Fibonacci | 35.095 | 36.936 | 38.073 | 39.914 | 41.755 | 42.892 | 44.733 |
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): | 45.14 | |
| MACD (12,26,9): | -0.3320 | |
| Directional Movement: | -14.109 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 42.579 | |
| Parabolic SAR (0,02-0,02-0,2): | 43.406 | |
| Elder Ray (13): | 0.109 | |
| Super Trend (3,10): | 43.448 | |
| Zig ZAG (10): | 43.015 | |
| VORTEX (21): | 1.0330 | |
| Stochastique (14,3,5): | 38.81 | |
| TEMA (21): | 42.623 | |
| Williams %R (14): | -45.84 | |
| Chande Momentum Oscillator (20): | -0.124 | |
| Repulse (5,40,3): | 0.7750 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1340 | |
| Courbe Coppock: | 2.28 |
| MA7: | 43.966 | |
| MA20: | 43.441 | |
| MA50: | 41.704 | |
| MA100: | 43.745 | |
| MAexp7: | 42.833 | |
| MAexp20: | 43.064 | |
| MAexp50: | 43.687 | |
| MAexp100: | 43.835 | |
| Price / MA7: | -2.08% | |
| Price / MA20: | -0.90% | |
| Price / MA50: | +3.23% | |
| Price / MA100: | -1.59% | |
| Price / MAexp7: | +0.51% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -1.46% | |
| Price / MAexp100: | -1.79% |
Quotes :
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15 min delayed data
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Italy Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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