STXE 600 CHEM EUR (PRICE)

SX4P

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SX4P
ISIN:	EU0009658608

STXE 600 CHEM EUR (PRICE) - 1H - Technical analysis published on 03/28/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 1,344.07 EUR

My targets

1,363.35 EUR (+0.72%)

1,398.38 EUR (+3.31%)

My analysis

STXE 600 CHEM EUR (PRICE) 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 1,344.07 EUR. The next resistance located at 1,363.35 EUR is the next bullish objective 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 1,398.38 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.9

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 STXE 600 CHEM EUR (PRICE) price is 1,353.57 EUR. The price registered a decrease of -0.04% on the session and was between 1,351.05 EUR and 1,358.93 EUR. This implies that the price is at +0.19% from its lowest and at -0.39% from its highest.

1,351.05

1,358.93

1,353.57

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of STXE 600 CHEM EUR (PRICE) in 1H shows a strongly overall bullish trend. 89.29% 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.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,320.42	1,331.21	1,344.07	1,353.57	1,354.64	1,363.35	1,398.38
Change (%)	-2.45%	-1.65%	-0.70%	-	+0.08%	+0.72%	+3.31%
Change	-33.15	-22.36	-9.50	-	+1.07	+9.78	+44.81
Level	Minor	Minor	Intermediate	-	Major	Intermediate	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	1,335.21	1,339.50	1,346.77	1,351.06	1,358.33	1,362.62	1,369.89
Camarilla	1,350.86	1,351.92	1,352.98	1,354.04	1,355.10	1,356.16	1,357.22
Woodie	1,336.70	1,340.25	1,348.26	1,351.81	1,359.82	1,363.37	1,371.38
Fibonacci	1,339.50	1,343.92	1,346.64	1,351.06	1,355.48	1,358.20	1,362.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,284.12	1,302.19	1,327.22	1,345.29	1,370.32	1,388.39	1,413.42
Camarilla	1,340.41	1,344.36	1,348.31	1,352.26	1,356.21	1,360.16	1,364.11
Woodie	1,287.61	1,303.93	1,330.71	1,347.03	1,373.81	1,390.13	1,416.91
Fibonacci	1,302.19	1,318.65	1,328.82	1,345.29	1,361.75	1,371.92	1,388.39

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,158.00	1,189.23	1,232.78	1,264.01	1,307.56	1,338.79	1,382.34
Camarilla	1,255.77	1,262.62	1,269.48	1,276.33	1,283.19	1,290.04	1,296.90
Woodie	1,164.16	1,192.31	1,238.94	1,267.09	1,313.72	1,341.87	1,388.50
Fibonacci	1,189.23	1,217.80	1,235.44	1,264.01	1,292.58	1,310.22	1,338.79

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):	57.30
MACD (12,26,9):	1.0700
Directional Movement:	17.57
AROON (14):	57.14
DEMA (21):	1,351.10
Parabolic SAR (0,02-0,02-0,2):	1,346.53
Elder Ray (13):	4.41
Super Trend (3,10):	1,344.77
Zig ZAG (10):	1,352.30
VORTEX (21):	1.0200
Stochastique (14,3,5):	77.30
TEMA (21):	1,351.42
Williams %R (14):	-43.72
Chande Momentum Oscillator (20):	4.24
Repulse (5,40,3):	-0.2300
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.39

MA7:	1,351.92
MA20:	1,325.85
MA50:	1,278.59
MA100:	1,257.67
MAexp7:	1,352.02
MAexp20:	1,350.20
MAexp50:	1,347.24
MAexp100:	1,338.58
Price / MA7:	+0.12%
Price / MA20:	+2.09%
Price / MA50:	+5.86%
Price / MA100:	+7.63%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.25%
Price / MAexp50:	+0.47%
Price / MAexp100:	+1.12%

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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