STXE 600 BANKS EUR (PRICE)

SX7P

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SX7P
ISIN:	EU0009658806

STXE 600 BANKS EUR (PRICE) - Daily - Technical analysis published on 08/02/2022 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

83%

17%

My opinion

Neutral between 124.48 EUR and 134.29 EUR

My targets

My analysis

The short-term increase on STXE 600 BANKS EUR (PRICE) remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 134.29 EUR. The first support is located at 124.48 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 BANKS EUR (PRICE) price is 127.96 EUR. The price registered a decrease of -0.03% on the session and was traded between 126.69 EUR and 128.45 EUR over the period. The price is currently at +1.00% from its lowest and -0.38% from its highest.

126.69

128.45

127.96

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of STXE 600 BANKS EUR (PRICE) indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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	105.69	117.32	124.48	127.96	141.87	147.58	151.52
Change (%)	-17.40%	-8.32%	-2.72%	-	+10.87%	+15.33%	+18.41%
Change	-22.27	-10.64	-3.48	-	+13.91	+19.62	+23.56
Level	Minor	Major	Major	-	Intermediate	Minor	Intermediate

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	123.41	125.13	126.56	128.28	129.71	131.43	132.86
Camarilla	127.13	127.42	127.71	128.00	128.29	128.58	128.87
Woodie	123.28	125.06	126.43	128.21	129.58	131.36	132.73
Fibonacci	125.13	126.33	127.07	128.28	129.48	130.22	131.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	118.52	120.37	123.64	125.49	128.76	130.61	133.88
Camarilla	125.51	125.98	126.45	126.92	127.39	127.86	128.33
Woodie	119.24	120.73	124.36	125.85	129.48	130.97	134.60
Fibonacci	120.37	122.32	123.53	125.49	127.44	128.65	130.61

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.32	113.01	119.96	123.65	130.60	134.29	141.24
Camarilla	123.99	124.97	125.95	126.92	127.90	128.87	129.85
Woodie	110.96	113.83	121.60	124.47	132.24	135.11	142.88
Fibonacci	113.01	117.07	119.58	123.65	127.71	130.22	134.29

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):	57.40
MACD (12,26,9):	-0.0200
Directional Movement:	8.72
AROON (14):	78.57
DEMA (21):	124.50
Parabolic SAR (0,02-0,02-0,2):	120.49
Elder Ray (13):	2.32
Super Trend (3,10):	119.66
Zig ZAG (10):	128.34
VORTEX (21):	0.9900
Stochastique (14,3,5):	89.74
TEMA (21):	126.10
Williams %R (14):	-11.80
Chande Momentum Oscillator (20):	9.75
Repulse (5,40,3):	2.3100
ROCnROLL:	1
TRIX (15,9):	-0.1300
Courbe Coppock:	6.65

MA7:	125.90
MA20:	123.56
MA50:	128.38
MA100:	131.25
MAexp7:	126.21
MAexp20:	125.10
MAexp50:	127.27
MAexp100:	131.18
Price / MA7:	+1.64%
Price / MA20:	+3.56%
Price / MA50:	-0.33%
Price / MA100:	-2.51%
Price / MAexp7:	+1.39%
Price / MAexp20:	+2.29%
Price / MAexp50:	+0.54%
Price / MAexp100:	-2.45%

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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