STMICROELECTRONICS
STMICROELECTRONICS
- EUR (-)
- 15 min delayed data - Italy Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: STMMI
ISIN: NL0000226223

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

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:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard35.42836.25236.88337.70738.33839.16239.793
Camarilla37.11537.24837.38237.51537.64837.78237.915
Woodie35.33336.20436.78837.65938.24339.11439.698
Fibonacci36.25236.80837.15137.70738.26338.60639.162


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard30.99733.04835.28237.33339.56741.61843.852
Camarilla36.33736.72937.12237.51537.90838.30138.693
Woodie31.08833.09435.37337.37939.65841.66443.943
Fibonacci33.04834.68535.69737.33338.97039.98241.618


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard34.44237.00138.99341.55243.54446.10348.095
Camarilla39.73440.15140.56840.98541.40241.81942.237
Woodie34.15936.85938.71041.41043.26145.96147.812
Fibonacci37.00138.74039.81441.55243.29144.36546.103

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 : - 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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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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