STXE 600 TECH EUR (PRICE) - Daily - Technical analysis published on 10/05/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 575.44 EUR
My targets
540.53 EUR (-2.29%)
503.82 EUR (-8.92%)
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 TECH EUR (PRICE). As long as you are under the resistance located at 575.44 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 540.53 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 503.82 EUR as an objective. Crossing it would then enable sellers to target 456.61 EUR. If the resistance 575.44 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.
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
2
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Additional analysis
Quotes
The STXE 600 TECH EUR (PRICE) rating is 553.18 EUR. The price registered a decrease of -0.10% on the session and was between 549.99 EUR and 553.73 EUR. This implies that the price is at +0.58% from its lowest and at -0.10% from its highest.549.99
553.73
553.18
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of STXE 600 TECH EUR (PRICE) indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 456.61 | 503.82 | 550.61 | 553.18 | 575.44 | 639.21 | 693.07 |
| Change (%) | -17.46% | -8.92% | -0.46% | - | +4.02% | +15.55% | +25.29% |
| Change | -96.57 | -49.36 | -2.57 | - | +22.26 | +86.03 | +139.89 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 511.88 | 520.26 | 537.00 | 545.38 | 562.12 | 570.50 | 587.24 |
| Camarilla | 546.84 | 549.15 | 551.45 | 553.75 | 556.05 | 558.36 | 560.66 |
| Woodie | 516.07 | 522.35 | 541.19 | 547.47 | 566.31 | 572.59 | 591.43 |
| Fibonacci | 520.26 | 529.85 | 535.78 | 545.38 | 554.97 | 560.90 | 570.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 477.29 | 492.27 | 506.74 | 521.72 | 536.19 | 551.17 | 565.64 |
| Camarilla | 513.10 | 515.80 | 518.50 | 521.20 | 523.90 | 526.60 | 529.30 |
| Woodie | 477.03 | 492.14 | 506.48 | 521.59 | 535.93 | 551.04 | 565.38 |
| Fibonacci | 492.27 | 503.52 | 510.47 | 521.72 | 532.97 | 539.92 | 551.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 402.07 | 454.67 | 487.93 | 540.53 | 573.79 | 626.39 | 659.65 |
| Camarilla | 497.59 | 505.46 | 513.33 | 521.20 | 529.07 | 536.94 | 544.81 |
| Woodie | 392.41 | 449.84 | 478.27 | 535.70 | 564.13 | 621.56 | 649.99 |
| Fibonacci | 454.67 | 487.47 | 507.73 | 540.53 | 573.33 | 593.59 | 626.39 |
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): | 51.42 | |
| MACD (12,26,9): | -13.8000 | |
| Directional Movement: | -3.63 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 524.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 507.04 | |
| Elder Ray (13): | 4.67 | |
| Super Trend (3,10): | 562.46 | |
| Zig ZAG (10): | 553.75 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 40.34 | |
| TEMA (21): | 520.33 | |
| Williams %R (14): | -24.77 | |
| Chande Momentum Oscillator (20): | 6.50 | |
| Repulse (5,40,3): | 8.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4000 | |
| Courbe Coppock: | 12.95 |
| MA7: | 527.01 | |
| MA20: | 545.60 | |
| MA50: | 580.50 | |
| MA100: | 574.91 | |
| MAexp7: | 532.58 | |
| MAexp20: | 543.75 | |
| MAexp50: | 563.52 | |
| MAexp100: | 583.63 | |
| Price / MA7: | +4.97% | |
| Price / MA20: | +1.39% | |
| Price / MA50: | -4.71% | |
| Price / MA100: | -3.78% | |
| Price / MAexp7: | +3.87% | |
| Price / MAexp20: | +1.73% | |
| Price / MAexp50: | -1.83% | |
| Price / MAexp100: | -5.22% |
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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