STXE 600 CHEM EUR (PRICE) - 1H - Technical analysis published on 05/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 1,309.29 EUR
My targets
1,276.31 EUR (-0.90%)
1,266.52 EUR (-1.66%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on STXE 600 CHEM EUR (PRICE) as long as the price remains well below 1,309.29 EUR. The sellers' bearish objective is set at 1,276.31 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,266.52 EUR. In case of crossing, the next objective would be the support located at 1,207.30 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
The STXE 600 CHEM EUR (PRICE) rating is 1,287.94 EUR. The price registered a decrease of -0.03% on the session and was traded between 1,279.86 EUR and 1,289.28 EUR over the period. The price is currently at +0.63% from its lowest and -0.10% from its highest.1,279.86
1,289.28
1,287.94
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of STXE 600 CHEM EUR (PRICE) indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,207.30 | 1,266.52 | 1,276.31 | 1,287.94 | 1,309.29 | 1,331.21 | 1,345.07 |
| Change (%) | -6.26% | -1.66% | -0.90% | - | +1.66% | +3.36% | +4.44% |
| Change | -80.64 | -21.42 | -11.63 | - | +21.35 | +43.27 | +57.13 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,275.74 | 1,281.77 | 1,285.03 | 1,291.06 | 1,294.32 | 1,300.35 | 1,303.61 |
| Camarilla | 1,285.75 | 1,286.60 | 1,287.45 | 1,288.30 | 1,289.15 | 1,290.00 | 1,290.86 |
| Woodie | 1,274.37 | 1,281.08 | 1,283.66 | 1,290.37 | 1,292.95 | 1,299.66 | 1,302.24 |
| Fibonacci | 1,281.77 | 1,285.32 | 1,287.51 | 1,291.06 | 1,294.61 | 1,296.80 | 1,300.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,218.67 | 1,247.49 | 1,268.85 | 1,297.67 | 1,319.03 | 1,347.85 | 1,369.21 |
| Camarilla | 1,276.41 | 1,281.01 | 1,285.61 | 1,290.21 | 1,294.81 | 1,299.41 | 1,304.01 |
| Woodie | 1,214.94 | 1,245.63 | 1,265.12 | 1,295.81 | 1,315.30 | 1,345.99 | 1,365.48 |
| Fibonacci | 1,247.49 | 1,266.66 | 1,278.50 | 1,297.67 | 1,316.84 | 1,328.68 | 1,347.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,163.66 | 1,219.99 | 1,254.14 | 1,310.47 | 1,344.62 | 1,400.95 | 1,435.10 |
| Camarilla | 1,263.42 | 1,271.71 | 1,280.01 | 1,288.30 | 1,296.59 | 1,304.89 | 1,313.18 |
| Woodie | 1,152.58 | 1,214.45 | 1,243.06 | 1,304.93 | 1,333.54 | 1,395.41 | 1,424.02 |
| Fibonacci | 1,219.99 | 1,254.55 | 1,275.90 | 1,310.47 | 1,345.03 | 1,366.38 | 1,400.95 |
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): | 45.37 | |
| MACD (12,26,9): | -2.3700 | |
| Directional Movement: | -11.73 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 1,285.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,291.24 | |
| Elder Ray (13): | -0.74 | |
| Super Trend (3,10): | 1,296.29 | |
| Zig ZAG (10): | 1,287.81 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 32.09 | |
| TEMA (21): | 1,286.54 | |
| Williams %R (14): | -53.08 | |
| Chande Momentum Oscillator (20): | -4.41 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.85 |
| MA7: | 1,298.10 | |
| MA20: | 1,317.54 | |
| MA50: | 1,316.60 | |
| MA100: | 1,283.78 | |
| MAexp7: | 1,286.66 | |
| MAexp20: | 1,288.82 | |
| MAexp50: | 1,294.82 | |
| MAexp100: | 1,304.24 | |
| Price / MA7: | -0.78% | |
| Price / MA20: | -2.25% | |
| Price / MA50: | -2.18% | |
| Price / MA100: | +0.32% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.53% | |
| Price / MAexp100: | -1.25% |
Quotes :
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15 min delayed data
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STOXX Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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