STXE 600 TELECOM EUR (PRICE) - 1H - Technical analysis published on 07/11/2022 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 232.44 EUR
My targets
235.01 EUR (+0.43%)
237.57 EUR (+1.53%)
My analysis
STXE 600 TELECOM EUR (PRICE) is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 232.44 EUR. The next resistance located at 235.01 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 237.57 EUR. After this resistance, buyers could then target 244.39 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STXE 600 TELECOM EUR (PRICE) price is 234.00 EUR. The price is lower by -0.03% since the last closing and was between 232.15 EUR and 234.34 EUR. This implies that the price is at +0.80% from its lowest and at -0.15% from its highest.232.15
234.34
234.00
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:
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 TELECOM EUR (PRICE) indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 228.25 | 232.44 | 233.81 | 234.00 | 235.01 | 237.57 | 244.39 |
| Change (%) | -2.46% | -0.67% | -0.08% | - | +0.43% | +1.53% | +4.44% |
| Change | -5.75 | -1.56 | -0.19 | - | +1.01 | +3.57 | +10.39 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Major |
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 | 230.28 | 231.12 | 232.60 | 233.44 | 234.92 | 235.76 | 237.24 |
| Camarilla | 233.44 | 233.66 | 233.87 | 234.08 | 234.29 | 234.51 | 234.72 |
| Woodie | 230.60 | 231.28 | 232.92 | 233.60 | 235.24 | 235.92 | 237.56 |
| Fibonacci | 231.12 | 232.01 | 232.55 | 233.44 | 234.33 | 234.87 | 235.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 225.74 | 227.78 | 230.93 | 232.97 | 236.12 | 238.16 | 241.31 |
| Camarilla | 232.65 | 233.13 | 233.60 | 234.08 | 234.56 | 235.03 | 235.51 |
| Woodie | 226.30 | 228.06 | 231.49 | 233.25 | 236.68 | 238.44 | 241.87 |
| Fibonacci | 227.78 | 229.76 | 230.99 | 232.97 | 234.95 | 236.18 | 238.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 204.58 | 213.43 | 221.74 | 230.59 | 238.90 | 247.75 | 256.06 |
| Camarilla | 225.33 | 226.90 | 228.48 | 230.05 | 231.62 | 233.20 | 234.77 |
| Woodie | 204.31 | 213.30 | 221.47 | 230.46 | 238.63 | 247.62 | 255.79 |
| Fibonacci | 213.43 | 219.99 | 224.04 | 230.59 | 237.15 | 241.20 | 247.75 |
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): | 54.29 | |
| MACD (12,26,9): | 0.3700 | |
| Directional Movement: | 4.47 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 233.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 231.99 | |
| Elder Ray (13): | 0.30 | |
| Super Trend (3,10): | 231.21 | |
| Zig ZAG (10): | 233.56 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 75.43 | |
| TEMA (21): | 233.83 | |
| Williams %R (14): | -31.00 | |
| Chande Momentum Oscillator (20): | 1.10 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.75 |
| MA7: | 232.43 | |
| MA20: | 229.68 | |
| MA50: | 232.21 | |
| MA100: | 231.84 | |
| MAexp7: | 233.59 | |
| MAexp20: | 233.20 | |
| MAexp50: | 232.62 | |
| MAexp100: | 231.94 | |
| Price / MA7: | +0.68% | |
| Price / MA20: | +1.88% | |
| Price / MA50: | +0.77% | |
| Price / MA100: | +0.93% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +0.89% |
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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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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