STOXX600 PRICE EUR INDEX

SXXP

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	SXXP
ISIN:	EU0009658202

STOXX600 PRICE EUR INDEX - Daily - Technical analysis published on 07/14/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

61%

33%

My opinion

Bullish above 451.96 EUR

My targets

468.98 EUR (+1.77%)

494.35 EUR (+7.27%)

My analysis

The basic trend is currently slightly bullish on STOXX600 PRICE EUR INDEX and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 451.96 EUR, purchases could be favourable. The first bullish objective would be the resistance located at 468.98 EUR. Then the price could move towards 494.35 EUR. A return under the support to 451.96 EUR could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.3

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.

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Additional analysis

Quotes

The STOXX600 PRICE EUR INDEX rating is 460.83 EUR. The price is lower by -0.12% since the last closing and was traded between 460.24 EUR and 462.46 EUR over the period. The price is currently at +0.13% from its lowest and -0.35% from its highest.

460.24

462.46

460.83

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by STOXX600 PRICE EUR INDEX:

The Central Records scanner for higher/lower results shows the following items:

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

A technical analysis in Daily of this STOXX600 PRICE EUR INDEX chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	424.32	435.02	451.96	460.83	462.03	468.98	494.35
Change (%)	-7.92%	-5.60%	-1.92%	-	+0.26%	+1.77%	+7.27%
Change	-36.51	-25.81	-8.87	-	+1.20	+8.15	+33.52
Level	Intermediate	Major	Intermediate	-	Intermediate	Major	Major

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	455.28	456.99	459.18	460.89	463.08	464.79	466.98
Camarilla	460.29	460.65	461.00	461.36	461.72	462.08	462.43
Woodie	455.51	457.11	459.41	461.01	463.31	464.91	467.21
Fibonacci	456.99	458.48	459.40	460.89	462.38	463.30	464.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	421.36	433.14	440.39	452.17	459.42	471.20	478.45
Camarilla	442.42	444.16	445.91	447.65	449.39	451.14	452.88
Woodie	419.11	432.01	438.14	451.04	457.17	470.07	476.20
Fibonacci	433.14	440.41	444.90	452.17	459.44	463.93	471.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	433.89	442.02	451.98	460.11	470.07	478.20	488.16
Camarilla	456.96	458.61	460.27	461.93	463.59	465.25	466.91
Woodie	434.80	442.48	452.89	460.57	470.98	478.66	489.07
Fibonacci	442.02	448.93	453.20	460.11	467.02	471.29	478.20

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):	54.98
MACD (12,26,9):	-0.8300
Directional Movement:	3.54
AROON (14):	-28.58
DEMA (21):	455.48
Parabolic SAR (0,02-0,02-0,2):	445.26
Elder Ray (13):	4.85
Super Trend (3,10):	448.45
Zig ZAG (10):	460.83
VORTEX (21):	0.9800
Stochastique (14,3,5):	80.57
TEMA (21):	455.66
Williams %R (14):	-16.34
Chande Momentum Oscillator (20):	4.78
Repulse (5,40,3):	1.1200
ROCnROLL:	1
TRIX (15,9):	-0.0500
Courbe Coppock:	0.30

MA7:	453.68
MA20:	456.12
MA50:	459.95
MA100:	458.70
MAexp7:	457.01
MAexp20:	456.89
MAexp50:	458.30
MAexp100:	456.36
Price / MA7:	+1.58%
Price / MA20:	+1.03%
Price / MA50:	+0.19%
Price / MA100:	+0.46%
Price / MAexp7:	+0.84%
Price / MAexp20:	+0.86%
Price / MAexp50:	+0.55%
Price / MAexp100:	+0.98%

Quotes : - 15 min delayed data - STOXX Indices

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

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