STXE 600 INSUR EUR (PRICE) - 1H - Technical analysis published on 10/13/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 275.48 EUR
My targets
270.11 EUR (-0.48%)
261.05 EUR (-3.82%)
My analysis
The bearish trend is currently very strong for STXE 600 INSUR EUR (PRICE). As long as the price remains below the resistance at 275.48 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 270.11 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 261.05 EUR as an objective. Crossing it would then enable sellers to target 242.51 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
STXE 600 INSUR EUR (PRICE) rating 271.41 EUR. The price is lower by -0.05% since the last closing and was between 268.65 EUR and 276.97 EUR. This implies that the price is at +1.03% from its lowest and at -2.01% from its highest.268.65
276.97
271.41
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of STXE 600 INSUR EUR (PRICE) indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 216.77 | 242.51 | 270.11 | 271.41 | 275.48 | 286.48 | 290.42 |
| Change (%) | -20.13% | -10.65% | -0.48% | - | +1.50% | +5.55% | +7.00% |
| Change | -54.64 | -28.90 | -1.30 | - | +4.07 | +15.07 | +19.01 |
| 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 | 264.06 | 266.55 | 269.04 | 271.53 | 274.02 | 276.51 | 279.00 |
| Camarilla | 270.17 | 270.63 | 271.08 | 271.54 | 272.00 | 272.45 | 272.91 |
| Woodie | 264.07 | 266.55 | 269.05 | 271.53 | 274.03 | 276.51 | 279.01 |
| Fibonacci | 266.55 | 268.45 | 269.62 | 271.53 | 273.43 | 274.60 | 276.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 252.48 | 261.05 | 269.34 | 277.91 | 286.20 | 294.77 | 303.06 |
| Camarilla | 272.99 | 274.54 | 276.09 | 277.63 | 279.18 | 280.72 | 282.27 |
| Woodie | 252.34 | 260.98 | 269.20 | 277.84 | 286.06 | 294.70 | 302.92 |
| Fibonacci | 261.05 | 267.49 | 271.47 | 277.91 | 284.35 | 288.33 | 294.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 218.68 | 243.23 | 259.03 | 283.58 | 299.38 | 323.93 | 339.73 |
| Camarilla | 263.72 | 267.42 | 271.12 | 274.82 | 278.52 | 282.22 | 285.92 |
| Woodie | 214.30 | 241.04 | 254.65 | 281.39 | 295.00 | 321.74 | 335.35 |
| Fibonacci | 243.23 | 258.65 | 268.17 | 283.58 | 299.00 | 308.52 | 323.93 |
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): | 40.66 | |
| MACD (12,26,9): | -0.9400 | |
| Directional Movement: | -4.57 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 271.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 268.98 | |
| Elder Ray (13): | -0.98 | |
| Super Trend (3,10): | 275.38 | |
| Zig ZAG (10): | 270.56 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 50.00 | |
| TEMA (21): | 271.94 | |
| Williams %R (14): | -71.75 | |
| Chande Momentum Oscillator (20): | -2.00 | |
| Repulse (5,40,3): | -1.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.05 |
| MA7: | 276.54 | |
| MA20: | 282.73 | |
| MA50: | 291.55 | |
| MA100: | 290.67 | |
| MAexp7: | 272.56 | |
| MAexp20: | 273.01 | |
| MAexp50: | 275.12 | |
| MAexp100: | 277.85 | |
| Price / MA7: | -1.86% | |
| Price / MA20: | -4.00% | |
| Price / MA50: | -6.91% | |
| Price / MA100: | -6.63% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -0.59% | |
| Price / MAexp50: | -1.35% | |
| Price / MAexp100: | -2.32% |
Quotes :
-
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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