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) - 1H - Technical analysis published on 11/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bearish

Technical indicators

56%

11%

33%

My opinion

Bearish under 207.73 EUR

My targets

202.83 EUR (-1.39%)

196.68 EUR (-4.38%)

My analysis

The bearish trend is truly tentative and does not seem to be supported in the short term. 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 207.73 EUR. The next bearish objective for sellers is set at 202.83 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 196.68 EUR. In case of crossing, the next objective would be the support located at 190.82 EUR. In the event of a bullish break in the resistance located at 207.73 EUR a certain indecision would take hold.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

0.4

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

STXE 600 BANKS EUR (PRICE) rating 205.69 EUR. On the day, this instrument lost -0.17% and was traded between 205.62 EUR and 207.34 EUR over the period. The price is currently at +0.03% from its lowest and -0.80% from its highest.

205.62

207.34

205.69

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

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 an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	190.82	196.68	202.83	205.69	205.76	207.73	209.33
Change (%)	-7.23%	-4.38%	-1.39%	-	+0.03%	+0.99%	+1.77%
Change	-14.87	-9.01	-2.86	-	+0.07	+2.04	+3.64
Level	Minor	Intermediate	Major	-	Major	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	201.16	202.29	204.17	205.30	207.18	208.31	210.19
Camarilla	205.21	205.49	205.76	206.04	206.32	206.59	206.87
Woodie	201.53	202.48	204.54	205.49	207.55	208.50	210.56
Fibonacci	202.29	203.44	204.15	205.30	206.45	207.16	208.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	198.42	200.63	204.41	206.62	210.40	212.61	216.39
Camarilla	206.55	207.10	207.65	208.20	208.75	209.30	209.85
Woodie	199.22	201.02	205.21	207.01	211.20	213.00	217.19
Fibonacci	200.63	202.92	204.33	206.62	208.91	210.32	212.61

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	185.29	190.79	197.67	203.17	210.05	215.55	222.43
Camarilla	201.14	202.27	203.41	204.54	205.68	206.81	207.95
Woodie	185.97	191.14	198.35	203.52	210.73	215.90	223.11
Fibonacci	190.79	195.52	198.44	203.17	207.90	210.82	215.55

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):	53.17
MACD (12,26,9):	-0.1000
Directional Movement:	-2.27
AROON (14):	57.14
DEMA (21):	205.68
Parabolic SAR (0,02-0,02-0,2):	203.07
Elder Ray (13):	0.96
Super Trend (3,10):	203.74
Zig ZAG (10):	206.25
VORTEX (21):	1.1100
Stochastique (14,3,5):	71.51
TEMA (21):	205.67
Williams %R (14):	-32.99
Chande Momentum Oscillator (20):	1.03
Repulse (5,40,3):	-0.4300
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	0.65

MA7:	206.72
MA20:	206.71
MA50:	204.53
MA100:	200.99
MAexp7:	205.79
MAexp20:	205.89
MAexp50:	206.16
MAexp100:	206.37
Price / MA7:	-0.50%
Price / MA20:	-0.49%
Price / MA50:	+0.57%
Price / MA100:	+2.34%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.10%
Price / MAexp50:	-0.23%
Price / MAexp100:	-0.33%

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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