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 02/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 41.712 EUR

My targets

42.840 EUR (+0.81%)

43.206 EUR (+1.67%)

My analysis

STMICROELECTRONICS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 41.712 EUR. The next resistance located at 42.840 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 43.206 EUR. After this resistance, buyers could then target 43.992 EUR.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

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

The STMICROELECTRONICS rating is 42.495 EUR. The price has increased by +3.70% since the last closing and was traded between 42.065 EUR and 42.990 EUR over the period. The price is currently at +1.02% from its lowest and -1.15% from its highest.

42.065

42.990

42.495

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of STMICROELECTRONICS in 1H shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	40.677	41.323	41.712	42.495	42.573	42.840	43.206
Change (%)	-4.28%	-2.76%	-1.84%	-	+0.18%	+0.81%	+1.67%
Change	-1.818	-1.172	-0.783	-	+0.078	+0.345	+0.711
Level	Intermediate	Intermediate	Minor	-	Intermediate	Minor	Intermediate

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	39.303	39.827	40.403	40.927	41.503	42.027	42.603
Camarilla	40.678	40.778	40.879	40.980	41.081	41.182	41.283
Woodie	39.330	39.840	40.430	40.940	41.530	42.040	42.630
Fibonacci	39.827	40.247	40.507	40.927	41.347	41.607	42.027

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.643	40.487	41.523	42.367	43.403	44.247	45.283
Camarilla	42.043	42.215	42.388	42.560	42.732	42.905	43.077
Woodie	39.740	40.535	41.620	42.415	43.500	44.295	45.380
Fibonacci	40.487	41.205	41.649	42.367	43.085	43.529	44.247

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.463	34.522	37.713	41.772	44.963	49.022	52.213
Camarilla	38.911	39.576	40.240	40.905	41.570	42.234	42.899
Woodie	30.030	34.305	37.280	41.555	44.530	48.805	51.780
Fibonacci	34.522	37.291	39.002	41.772	44.541	46.252	49.022

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):	66.19
MACD (12,26,9):	0.0530
Directional Movement:	13.284
AROON (14):	35.714
DEMA (21):	41.610
Parabolic SAR (0,02-0,02-0,2):	40.455
Elder Ray (13):	0.842
Super Trend (3,10):	41.325
Zig ZAG (10):	42.515
VORTEX (21):	0.9500
Stochastique (14,3,5):	83.21
TEMA (21):	41.814
Williams %R (14):	-17.80
Chande Momentum Oscillator (20):	1.585
Repulse (5,40,3):	0.1840
ROCnROLL:	1
TRIX (15,9):	-0.0580
Courbe Coppock:	2.02

MA7:	41.799
MA20:	41.475
MA50:	42.305
MA100:	41.424
MAexp7:	41.918
MAexp20:	41.635
MAexp50:	41.749
MAexp100:	41.720
Price / MA7:	+1.67%
Price / MA20:	+2.46%
Price / MA50:	+0.45%
Price / MA100:	+2.59%
Price / MAexp7:	+1.38%
Price / MAexp20:	+2.07%
Price / MAexp50:	+1.79%
Price / MAexp100:	+1.86%

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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