STXE 600 TECH EUR (PRICE) - 1H - Technical analysis published on 03/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 657.55 EUR
My targets
672.23 EUR (+1.63%)
681.01 EUR (+2.95%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 657.55 EUR remains possible. It is advisable to trade STXE 600 TECH EUR (PRICE) with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 657.55 EUR. The next bullish objective for buyers is set at 672.23 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 681.01 EUR. If there is any crossing, the next objective would be the resistance located at 702.96 EUR. PS: if there is a bearish break in the support located at 657.55 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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Additional analysis
Quotes
The STXE 600 TECH EUR (PRICE) rating is 661.48 EUR. The price is lower by -0.09% since the last closing and was between 661.35 EUR and 671.22 EUR. This implies that the price is at +0.02% from its lowest and at -1.45% from its highest.661.35
671.22
661.48
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
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of STXE 600 TECH EUR (PRICE) indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 645.26 | 651.42 | 657.55 | 661.48 | 672.23 | 681.01 | 702.96 |
| Change (%) | -2.45% | -1.52% | -0.59% | - | +1.63% | +2.95% | +6.27% |
| Change | -16.22 | -10.06 | -3.93 | - | +10.75 | +19.53 | +41.48 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Minor |
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 | 629.30 | 637.28 | 649.68 | 657.66 | 670.06 | 678.04 | 690.44 |
| Camarilla | 656.48 | 658.34 | 660.21 | 662.08 | 663.95 | 665.82 | 667.69 |
| Woodie | 631.51 | 638.39 | 651.89 | 658.77 | 672.27 | 679.15 | 692.65 |
| Fibonacci | 637.28 | 645.07 | 649.88 | 657.66 | 665.45 | 670.26 | 678.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 599.18 | 615.78 | 637.23 | 653.83 | 675.28 | 691.88 | 713.33 |
| Camarilla | 648.22 | 651.70 | 655.19 | 658.68 | 662.17 | 665.66 | 669.14 |
| Woodie | 601.61 | 616.99 | 639.66 | 655.04 | 677.71 | 693.09 | 715.76 |
| Fibonacci | 615.78 | 630.32 | 639.30 | 653.83 | 668.37 | 677.35 | 691.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 587.62 | 619.53 | 639.13 | 671.04 | 690.64 | 722.55 | 742.15 |
| Camarilla | 644.56 | 649.28 | 654.00 | 658.72 | 663.44 | 668.16 | 672.89 |
| Woodie | 581.46 | 616.45 | 632.97 | 667.96 | 684.48 | 719.47 | 735.99 |
| Fibonacci | 619.53 | 639.21 | 651.37 | 671.04 | 690.72 | 702.88 | 722.55 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.66 | |
| MACD (12,26,9): | 3.5800 | |
| Directional Movement: | 1.44 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 668.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 651.18 | |
| Elder Ray (13): | 1.79 | |
| Super Trend (3,10): | 656.91 | |
| Zig ZAG (10): | 664.47 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 76.11 | |
| TEMA (21): | 669.46 | |
| Williams %R (14): | -62.03 | |
| Chande Momentum Oscillator (20): | 0.22 | |
| Repulse (5,40,3): | -1.2700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 1.75 |
| MA7: | 654.40 | |
| MA20: | 659.26 | |
| MA50: | 667.08 | |
| MA100: | 637.46 | |
| MAexp7: | 665.88 | |
| MAexp20: | 664.10 | |
| MAexp50: | 659.25 | |
| MAexp100: | 658.67 | |
| Price / MA7: | +1.08% | |
| Price / MA20: | +0.34% | |
| Price / MA50: | -0.84% | |
| Price / MA100: | +3.77% | |
| Price / MAexp7: | -0.66% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.43% |
Quotes :
-
15 min delayed data
-
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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