STMICROELECTRONICS N.V.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	STM
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STMICROELECTRONICS N.V. - Daily - Technical analysis published on 11/29/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 23.72 USD

My targets

26.24 USD (+5.42%)

29.90 USD (+20.13%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on STMICROELECTRONICS N.V. as long as the price remains well above 23.72 USD. The buyers” bullish objective is set at 26.24 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 29.90 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

STMICROELECTRONICS N.V. rating 24.89 USD. On the day, this instrument gained +0.20% and was traded between 24.70 USD and 24.89 USD over the period. The price is currently at +0.77% from its lowest and 0% from its highest.

24.70

24.89

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead 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 study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of STMICROELECTRONICS N.V. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	18.64	20.73	23.72	24.89	26.24	29.90
Change (%)	-25.11%	-16.71%	-4.70%	-	+5.42%	+20.13%
Change	-6.25	-4.16	-1.17	-	+1.35	+5.01
Level	Minor	Major	Major	-	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.44	24.52	24.68	24.77	24.93	25.01	25.17
Camarilla	24.77	24.80	24.82	24.84	24.86	24.89	24.91
Woodie	24.47	24.54	24.72	24.78	24.96	25.03	25.21
Fibonacci	24.52	24.61	24.67	24.77	24.86	24.92	25.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.63	23.10	23.49	23.96	24.34	24.81	25.20
Camarilla	23.64	23.71	23.79	23.87	23.95	24.03	24.11
Woodie	22.59	23.08	23.44	23.93	24.30	24.79	25.15
Fibonacci	23.10	23.43	23.63	23.96	24.28	24.48	24.81

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.08	16.88	19.78	21.58	24.48	26.28	29.18
Camarilla	21.39	21.82	22.25	22.68	23.11	23.54	23.97
Woodie	15.63	17.16	20.33	21.86	25.03	26.56	29.73
Fibonacci	16.88	18.68	19.79	21.58	23.38	24.49	26.28

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):	73.31
MACD (12,26,9):	0.7500
Directional Movement:	23.79
AROON (14):	92.86
DEMA (21):	24.81
Parabolic SAR (0,02-0,02-0,2):	23.64
Elder Ray (13):	0.67
Super Trend (3,10):	23.58
Zig ZAG (10):	24.89
VORTEX (21):	0.9800
Stochastique (14,3,5):	99.48
TEMA (21):	24.77
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	1.11
Repulse (5,40,3):	0.8200
ROCnROLL:	1
TRIX (15,9):	0.5300
Courbe Coppock:	7.44

MA7:	24.27
MA20:	23.90
MA50:	21.83
MA100:	20.01
MAexp7:	24.41
MAexp20:	23.75
MAexp50:	22.23
MAexp100:	20.62
Price / MA7:	+2.55%
Price / MA20:	+4.14%
Price / MA50:	+14.02%
Price / MA100:	+24.39%
Price / MAexp7:	+1.97%
Price / MAexp20:	+4.80%
Price / MAexp50:	+11.97%
Price / MAexp100:	+20.71%

This member declared not having a position on this financial instrument or a related financial instrument.

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