STXE 600 TECH EUR (PRICE)

SX8P

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SX8P
ISIN:	EU0009658921

STXE 600 TECH EUR (PRICE) - Daily - Technical analysis published on 05/18/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 672.35 EUR

My targets

743.53 EUR (+6.13%)

848.97 EUR (+21.18%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on STXE 600 TECH EUR (PRICE) as long as the price remains well above 672.35 EUR. The buyers' bullish objective is set at 743.53 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 848.97 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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 TECH EUR (PRICE) rating 700.57 EUR. The price registered an increase of +2.54% on the session with the lowest point at 682.80 EUR and the highest point at 700.74 EUR. The deviation from the price is +2.60% for the low point and -0.02% for the high point.

682.80

700.74

700.57

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

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, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of STXE 600 TECH EUR (PRICE) indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong 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.

In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	575.76	639.21	672.35	700.57	701.68	848.97
Change (%)	-17.82%	-8.76%	-4.03%	-	+0.16%	+21.18%
Change	-124.81	-61.36	-28.22	-	+1.11	+148.40
Level	Intermediate	Major	Intermediate	-	Major	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	674.20	676.22	679.72	681.74	685.24	687.26	690.76
Camarilla	681.71	682.22	682.72	683.23	683.74	684.24	684.75
Woodie	674.95	676.59	680.47	682.11	685.99	687.63	691.51
Fibonacci	676.22	678.33	679.63	681.74	683.85	685.15	687.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	646.00	653.85	663.31	671.16	680.62	688.47	697.93
Camarilla	668.00	669.59	671.17	672.76	674.35	675.93	677.52
Woodie	646.80	654.25	664.11	671.56	681.42	688.87	698.73
Fibonacci	653.85	660.47	664.55	671.16	677.78	681.86	688.47

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	590.08	617.71	641.23	668.86	692.38	720.01	743.53
Camarilla	650.68	655.37	660.06	664.75	669.44	674.13	678.82
Woodie	588.03	616.68	639.18	667.83	690.33	718.98	741.48
Fibonacci	617.71	637.25	649.32	668.86	688.40	700.47	720.01

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):	68.16
MACD (12,26,9):	4.0300
Directional Movement:	15.51
AROON (14):	100.00
DEMA (21):	678.09
Parabolic SAR (0,02-0,02-0,2):	662.40
Elder Ray (13):	15.16
Super Trend (3,10):	663.45
Zig ZAG (10):	700.57
VORTEX (21):	1.0400
Stochastique (14,3,5):	98.68
TEMA (21):	681.67
Williams %R (14):	-0.36
Chande Momentum Oscillator (20):	36.51
Repulse (5,40,3):	4.5800
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	5.18

MA7:	679.12
MA20:	669.33
MA50:	669.83
MA100:	662.46
MAexp7:	681.75
MAexp20:	674.20
MAexp50:	669.59
MAexp100:	657.42
Price / MA7:	+3.16%
Price / MA20:	+4.67%
Price / MA50:	+4.59%
Price / MA100:	+5.75%
Price / MAexp7:	+2.76%
Price / MAexp20:	+3.91%
Price / MAexp50:	+4.63%
Price / MAexp100:	+6.56%

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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