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STXE 600 UTIL EUR (PRICE)
SX6P
- EUR (-)
- 15 min delayed data - STOXX Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: SX6P
ISIN: EU0009658962

STXE 600 UTIL EUR (PRICE) - 1H - Technical analysis published on 10/06/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 342.81 EUR
My targets
337.19 EUR (-1.23%)
332.60 EUR (-2.58%)
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 STXE 600 UTIL EUR (PRICE). As long as you are under the resistance located at 342.81 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 337.19 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 332.60 EUR as an objective. Crossing it would then enable sellers to target 309.19 EUR. If the resistance 342.81 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.3

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

STXE 600 UTIL EUR (PRICE) rating 341.40 EUR. The price registered a decrease of -0.08% on the session and was traded between 334.33 EUR and 342.51 EUR over the period. The price is currently at +2.11% from its lowest and -0.32% from its highest.

334.33
342.51
341.40

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

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

Central Records

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of STXE 600 UTIL EUR (PRICE) indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 278.90 309.19 337.19 341.40 342.81 352.94 359.73
Change (%) -18.31% -9.43% -1.23% - +0.41% +3.38% +5.37%
Change -62.50 -32.21 -4.21 - +1.41 +11.54 +18.33
Level Minor Major Intermediate - Major Minor 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
Standard335.44337.08339.38341.02343.32344.96347.26
Camarilla340.59340.95341.31341.67342.03342.39342.75
Woodie335.76337.25339.70341.19343.64345.13347.58
Fibonacci337.08338.59339.52341.02342.53343.46344.96


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard332.60342.77349.48359.65366.36376.53383.24
Camarilla351.55353.10354.64356.19357.74359.29360.83
Woodie330.87341.91347.75358.79364.63375.67381.51
Fibonacci342.77349.22353.20359.65366.10370.08376.53


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard318.09335.52345.85363.28373.61391.04401.37
Camarilla348.56351.10353.65356.19358.74361.28363.82
Woodie314.55333.75342.31361.51370.07389.27397.83
Fibonacci335.52346.12352.67363.28373.88380.43391.04

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): 50.73
MACD (12,26,9): -1.2300
Directional Movement: -8.51
AROON (14): -50.00
DEMA (21): 338.46
Parabolic SAR (0,02-0,02-0,2): 341.92
Elder Ray (13): 0.42
Super Trend (3,10): 344.23
Zig ZAG (10): 341.40
VORTEX (21): 0.9500
Stochastique (14,3,5): 55.80
TEMA (21): 339.46
Williams %R (14): -15.23
Chande Momentum Oscillator (20): 0.54
Repulse (5,40,3): 1.0100
ROCnROLL: -1
TRIX (15,9): -0.0600
Courbe Coppock: 0.71
MA7: 344.88
MA20: 361.90
MA50: 366.37
MA100: 376.24
MAexp7: 339.43
MAexp20: 340.31
MAexp50: 344.49
MAexp100: 351.33
Price / MA7: -1.01%
Price / MA20: -5.66%
Price / MA50: -6.82%
Price / MA100: -9.26%
Price / MAexp7: +0.58%
Price / MAexp20: +0.32%
Price / MAexp50: -0.90%
Price / MAexp100: -2.83%

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

Londinia
Londinia AI

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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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