STXE 600 BANKS EUR (PRICE) - Daily - Technical analysis published on 07/25/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 129.37 EUR
My targets
117.03 EUR (-5.91%)
112.95 EUR (-9.19%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 129.37 EUR remains possible. It is advisable to trade STXE 600 BANKS EUR (PRICE) with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 129.37 EUR. The next bearish objective for sellers is set at 117.03 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 112.95 EUR. In case of crossing, the next objective would be the support located at 105.69 EUR. PS: if there is a bullish break in the resistance located at 129.37 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3
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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 STXE 600 BANKS EUR (PRICE) price is 124.38 EUR. The price registered an increase of +1.58% on the session and was between 122.21 EUR and 125.20 EUR. This implies that the price is at +1.78% from its lowest and at -0.65% from its highest.122.21
125.20
124.38
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by STXE 600 BANKS EUR (PRICE):
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this STXE 600 BANKS EUR (PRICE) chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 89.05 | 105.69 | 117.03 | 124.38 | 124.48 | 141.87 | 147.65 |
| Change (%) | -28.40% | -15.03% | -5.91% | - | +0.08% | +14.06% | +18.71% |
| Change | -35.33 | -18.69 | -7.35 | - | +0.10 | +17.49 | +23.27 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.54 | 120.89 | 121.67 | 123.02 | 123.80 | 125.15 | 125.93 |
| Camarilla | 121.86 | 122.06 | 122.26 | 122.45 | 122.65 | 122.84 | 123.04 |
| Woodie | 119.26 | 120.75 | 121.39 | 122.88 | 123.52 | 125.01 | 125.65 |
| Fibonacci | 120.89 | 121.70 | 122.21 | 123.02 | 123.83 | 124.34 | 125.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.63 | 116.08 | 119.27 | 122.72 | 125.91 | 129.36 | 132.55 |
| Camarilla | 120.62 | 121.23 | 121.84 | 122.45 | 123.06 | 123.67 | 124.28 |
| Woodie | 112.49 | 116.02 | 119.13 | 122.66 | 125.77 | 129.30 | 132.41 |
| Fibonacci | 116.08 | 118.62 | 120.19 | 122.72 | 125.26 | 126.83 | 129.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.50 | 112.95 | 118.92 | 129.37 | 135.34 | 145.79 | 151.76 |
| Camarilla | 120.38 | 121.88 | 123.39 | 124.89 | 126.40 | 127.90 | 129.41 |
| Woodie | 100.26 | 111.83 | 116.68 | 128.25 | 133.10 | 144.67 | 149.52 |
| Fibonacci | 112.95 | 119.22 | 123.10 | 129.37 | 135.64 | 139.52 | 145.79 |
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): | 49.02 | |
| MACD (12,26,9): | -1.6200 | |
| Directional Movement: | -3.06 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 121.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 117.93 | |
| Elder Ray (13): | 0.47 | |
| Super Trend (3,10): | 127.69 | |
| Zig ZAG (10): | 124.54 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 73.41 | |
| TEMA (21): | 121.82 | |
| Williams %R (14): | -17.60 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | 1.8200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 3.11 |
| MA7: | 122.72 | |
| MA20: | 123.34 | |
| MA50: | 129.15 | |
| MA100: | 131.23 | |
| MAexp7: | 123.12 | |
| MAexp20: | 124.00 | |
| MAexp50: | 127.54 | |
| MAexp100: | 131.79 | |
| Price / MA7: | +1.35% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | -3.69% | |
| Price / MA100: | -5.22% | |
| Price / MAexp7: | +1.02% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | -2.48% | |
| Price / MAexp100: | -5.62% |
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.
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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