STMICROELECTRONICS - 1H - Technical analysis published on 10/30/2023 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 37.477 EUR
My targets
35.100 EUR (-4.28%)
33.048 EUR (-9.88%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on STMICROELECTRONICS as long as the price remains well below 37.477 EUR. The sellers' bearish objective is set at 35.100 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 33.048 EUR. In case of crossing, the next objective would be the support located at 27.957 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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Additional analysis
Quotes
STMICROELECTRONICS rating 36.670 EUR. The price registered a decrease of -2.25% on the session and was between 36.550 EUR and 38.250 EUR. This implies that the price is at +0.33% from its lowest and at -4.13% from its highest.36.550
38.250
36.670
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 STMICROELECTRONICS in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
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 | 21.656 | 27.957 | 35.100 | 36.670 | 37.477 | 39.725 | 41.211 |
| Change (%) | -40.94% | -23.76% | -4.28% | - | +2.20% | +8.33% | +12.38% |
| Change | -15.014 | -8.713 | -1.570 | - | +0.807 | +3.055 | +4.541 |
| Level | Intermediate | Major | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.428 | 36.252 | 36.883 | 37.707 | 38.338 | 39.162 | 39.793 |
| Camarilla | 37.115 | 37.248 | 37.382 | 37.515 | 37.648 | 37.782 | 37.915 |
| Woodie | 35.333 | 36.204 | 36.788 | 37.659 | 38.243 | 39.114 | 39.698 |
| Fibonacci | 36.252 | 36.808 | 37.151 | 37.707 | 38.263 | 38.606 | 39.162 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.997 | 33.048 | 35.282 | 37.333 | 39.567 | 41.618 | 43.852 |
| Camarilla | 36.337 | 36.729 | 37.122 | 37.515 | 37.908 | 38.301 | 38.693 |
| Woodie | 31.088 | 33.094 | 35.373 | 37.379 | 39.658 | 41.664 | 43.943 |
| Fibonacci | 33.048 | 34.685 | 35.697 | 37.333 | 38.970 | 39.982 | 41.618 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.442 | 37.001 | 38.993 | 41.552 | 43.544 | 46.103 | 48.095 |
| Camarilla | 39.734 | 40.151 | 40.568 | 40.985 | 41.402 | 41.819 | 42.237 |
| Woodie | 34.159 | 36.859 | 38.710 | 41.410 | 43.261 | 45.961 | 47.812 |
| Fibonacci | 37.001 | 38.740 | 39.814 | 41.552 | 43.291 | 44.365 | 46.103 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.06 | |
| MACD (12,26,9): | -0.0930 | |
| Directional Movement: | -18.049 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 37.691 | |
| Parabolic SAR (0,02-0,02-0,2): | 38.465 | |
| Elder Ray (13): | -0.498 | |
| Super Trend (3,10): | 38.541 | |
| Zig ZAG (10): | 37.130 | |
| VORTEX (21): | 0.9020 | |
| Stochastique (14,3,5): | 17.94 | |
| TEMA (21): | 37.622 | |
| Williams %R (14): | -95.29 | |
| Chande Momentum Oscillator (20): | -1.070 | |
| Repulse (5,40,3): | -1.9480 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 4.57 |
| MA7: | 37.669 | |
| MA20: | 39.974 | |
| MA50: | 41.051 | |
| MA100: | 43.128 | |
| MAexp7: | 37.562 | |
| MAexp20: | 37.782 | |
| MAexp50: | 38.012 | |
| MAexp100: | 38.680 | |
| Price / MA7: | -2.65% | |
| Price / MA20: | -8.27% | |
| Price / MA50: | -10.67% | |
| Price / MA100: | -14.97% | |
| Price / MAexp7: | -2.37% | |
| Price / MAexp20: | -2.94% | |
| Price / MAexp50: | -3.53% | |
| Price / MAexp100: | -5.20% |
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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