STX EU ENLARG TM EUR (PRICE) - 1H - Technical analysis published on 05/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 256.31 EUR
My targets
257.74 EUR (+0.28%)
259.59 EUR (+1.00%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on STX EU ENLARG TM EUR (PRICE). As long as you are above the support located at 256.31 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 257.74 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 259.59 EUR as an objective. Crossing it would then enable buyers to target 260.77 EUR. If the support 256.31 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STX EU ENLARG TM EUR (PRICE) price is 257.02 EUR. The price is lower by -0.05% since the last closing and was traded between 256.73 EUR and 257.14 EUR over the period. The price is currently at +0.11% from its lowest and -0.05% from its highest.256.73
257.14
257.02
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of STX EU ENLARG TM EUR (PRICE) in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
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
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 249.00 | 253.72 | 256.31 | 257.02 | 257.74 | 259.59 | 260.77 |
| Change (%) | -3.12% | -1.28% | -0.28% | - | +0.28% | +1.00% | +1.46% |
| Change | -8.02 | -3.30 | -0.71 | - | +0.72 | +2.57 | +3.75 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 254.72 | 255.82 | 256.48 | 257.58 | 258.24 | 259.34 | 260.00 |
| Camarilla | 256.67 | 256.83 | 256.99 | 257.15 | 257.31 | 257.47 | 257.63 |
| Woodie | 254.51 | 255.71 | 256.27 | 257.47 | 258.03 | 259.23 | 259.79 |
| Fibonacci | 255.82 | 256.49 | 256.90 | 257.58 | 258.25 | 258.66 | 259.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 248.69 | 250.78 | 253.57 | 255.66 | 258.45 | 260.54 | 263.33 |
| Camarilla | 255.01 | 255.46 | 255.90 | 256.35 | 256.80 | 257.25 | 257.69 |
| Woodie | 249.03 | 250.96 | 253.91 | 255.84 | 258.79 | 260.72 | 263.67 |
| Fibonacci | 250.78 | 252.65 | 253.80 | 255.66 | 257.53 | 258.68 | 260.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 236.49 | 242.74 | 250.04 | 256.29 | 263.59 | 269.84 | 277.14 |
| Camarilla | 253.60 | 254.85 | 256.09 | 257.33 | 258.57 | 259.81 | 261.06 |
| Woodie | 237.01 | 243.00 | 250.56 | 256.55 | 264.11 | 270.10 | 277.66 |
| Fibonacci | 242.74 | 247.92 | 251.12 | 256.29 | 261.47 | 264.67 | 269.84 |
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): | 45.99 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -6.95 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 257.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 258.01 | |
| Elder Ray (13): | -0.46 | |
| Super Trend (3,10): | 256.75 | |
| Zig ZAG (10): | 256.98 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 12.43 | |
| TEMA (21): | 257.23 | |
| Williams %R (14): | -85.57 | |
| Chande Momentum Oscillator (20): | -0.28 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.69 |
| MA7: | 256.60 | |
| MA20: | 256.50 | |
| MA50: | 253.10 | |
| MA100: | 246.00 | |
| MAexp7: | 257.20 | |
| MAexp20: | 257.48 | |
| MAexp50: | 257.02 | |
| MAexp100: | 256.44 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | +1.55% | |
| Price / MA100: | +4.48% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +0.23% |
Quotes :
-
15 min delayed data
-
STOXX Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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