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 12/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

33%

56%

11%

My opinion

Bearish under 24.699 EUR

My targets

24.296 EUR (-0.55%)

24.039 EUR (-1.60%)

My analysis

STMICROELECTRONICS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 24.699 EUR. The next support located at 24.296 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 24.039 EUR. Below this support, sellers could then target 23.545 EUR.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

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 price is 24.430 EUR. The price has increased by +0.16% since the last closing and was between 24.265 EUR and 24.550 EUR. This implies that the price is at +0.68% from its lowest and at -0.49% from its highest.

24.265

24.550

24.430

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 bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23.545	24.039	24.296	24.430	24.699	24.996	25.266
Change (%)	-3.62%	-1.60%	-0.55%	-	+1.10%	+2.32%	+3.42%
Change	-0.885	-0.391	-0.134	-	+0.269	+0.566	+0.836
Level	Intermediate	Intermediate	Minor	-	Major	Intermediate	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	23.107	23.553	23.972	24.418	24.837	25.283	25.702
Camarilla	24.152	24.231	24.311	24.390	24.469	24.549	24.628
Woodie	23.093	23.546	23.958	24.411	24.823	25.276	25.688
Fibonacci	23.553	23.884	24.088	24.418	24.749	24.953	25.283

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.661	24.184	24.483	25.006	25.305	25.828	26.127
Camarilla	24.556	24.631	24.707	24.782	24.857	24.933	25.008
Woodie	23.549	24.128	24.371	24.950	25.193	25.772	26.015
Fibonacci	24.184	24.498	24.692	25.006	25.320	25.514	25.828

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.089	20.826	22.513	24.250	25.937	27.674	29.361
Camarilla	23.257	23.571	23.885	24.199	24.513	24.827	25.141
Woodie	19.063	20.814	22.487	24.238	25.911	27.662	29.335
Fibonacci	20.826	22.134	22.942	24.250	25.558	26.366	27.674

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):	37.80
MACD (12,26,9):	-0.1840
Directional Movement:	-17.116
AROON (14):	-85.714
DEMA (21):	24.403
Parabolic SAR (0,02-0,02-0,2):	24.415
Elder Ray (13):	-0.178
Super Trend (3,10):	24.709
Zig ZAG (10):	24.390
VORTEX (21):	0.8220
Stochastique (14,3,5):	25.74
TEMA (21):	24.263
Williams %R (14):	-63.07
Chande Momentum Oscillator (20):	-0.646
Repulse (5,40,3):	0.4900
ROCnROLL:	2
TRIX (15,9):	-0.0770
Courbe Coppock:	5.04

MA7:	24.893
MA20:	24.269
MA50:	24.816
MA100:	25.801
MAexp7:	24.388
MAexp20:	24.618
MAexp50:	24.766
MAexp100:	24.701
Price / MA7:	-1.86%
Price / MA20:	+0.66%
Price / MA50:	-1.56%
Price / MA100:	-5.31%
Price / MAexp7:	+0.17%
Price / MAexp20:	-0.76%
Price / MAexp50:	-1.36%
Price / MAexp100:	-1.10%

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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