STXE 600 BANKS EUR (PRICE) - 1H - Technical analysis published on 01/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 153.69 EUR
My targets
160.13 EUR (+2.73%)
166.36 EUR (+6.73%)
My analysis
The bullish trend is currently very strong on STXE 600 BANKS EUR (PRICE). As long as the price remains above the support at 153.69 EUR, you could try to benefit from the boom. The first bullish objective is located at 160.13 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 166.36 EUR as an objective. Crossing it would then enable buyers to target 227.10 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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Additional analysis
Quotes
STXE 600 BANKS EUR (PRICE) rating 155.87 EUR. On the day, this instrument lost -0.05% and was between 154.50 EUR and 155.98 EUR. This implies that the price is at +0.89% from its lowest and at -0.07% from its highest.154.50
155.98
155.87
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 BANKS EUR (PRICE) in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 8 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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 | 141.99 | 148.84 | 151.49 | 155.87 | 155.95 | 166.36 | 227.10 |
| Change (%) | -8.90% | -4.51% | -2.81% | - | +0.05% | +6.73% | +45.70% |
| Change | -13.88 | -7.03 | -4.38 | - | +0.08 | +10.49 | +71.23 |
| Level | Minor | Minor | Major | - | Intermediate | 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 | 153.49 | 154.10 | 155.03 | 155.64 | 156.57 | 157.18 | 158.11 |
| Camarilla | 155.53 | 155.67 | 155.81 | 155.95 | 156.09 | 156.23 | 156.37 |
| Woodie | 153.64 | 154.18 | 155.18 | 155.72 | 156.72 | 157.26 | 158.26 |
| Fibonacci | 154.10 | 154.69 | 155.06 | 155.64 | 156.23 | 156.60 | 157.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 147.77 | 149.57 | 151.89 | 153.69 | 156.01 | 157.81 | 160.13 |
| Camarilla | 153.08 | 153.46 | 153.83 | 154.21 | 154.59 | 154.97 | 155.34 |
| Woodie | 148.03 | 149.70 | 152.15 | 153.82 | 156.27 | 157.94 | 160.39 |
| Fibonacci | 149.57 | 151.14 | 152.12 | 153.69 | 155.26 | 156.24 | 157.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.99 | 132.04 | 136.23 | 139.28 | 143.47 | 146.52 | 150.71 |
| Camarilla | 138.42 | 139.08 | 139.75 | 140.41 | 141.07 | 141.74 | 142.40 |
| Woodie | 129.55 | 132.33 | 136.79 | 139.57 | 144.03 | 146.81 | 151.27 |
| Fibonacci | 132.04 | 134.81 | 136.52 | 139.28 | 142.05 | 143.76 | 146.52 |
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): | 54.57 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | -1.14 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 155.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 155.97 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 154.52 | |
| Zig ZAG (10): | 155.47 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 56.06 | |
| TEMA (21): | 155.69 | |
| Williams %R (14): | -44.32 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.63 |
| MA7: | 154.66 | |
| MA20: | 151.09 | |
| MA50: | 143.51 | |
| MA100: | 135.40 | |
| MAexp7: | 155.46 | |
| MAexp20: | 155.23 | |
| MAexp50: | 154.63 | |
| MAexp100: | 153.35 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | +3.16% | |
| Price / MA50: | +8.61% | |
| Price / MA100: | +15.12% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | +0.80% | |
| Price / MAexp100: | +1.64% |
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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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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