STXE 600 TELECOM EUR (PRICE) - Daily - Technical analysis published on 04/28/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 212.04 EUR
My targets
223.43 EUR (+2.50%)
232.65 EUR (+6.73%)
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 TELECOM EUR (PRICE) as long as the price remains well above 212.04 EUR. The buyers' bullish objective is set at 223.43 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 232.65 EUR. If there is any crossing, the next objective would be the resistance located at 244.39 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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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) rating is 217.98 EUR. On the day, this instrument lost -0.04% and was traded between 216.52 EUR and 219.38 EUR over the period. The price is currently at +0.67% from its lowest and -0.64% from its highest.216.52
219.38
217.98
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
Here is a more detailed summary of the historical variations registered by STXE 600 TELECOM EUR (PRICE):
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 Daily 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 slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 201.31 | 212.04 | 216.47 | 217.98 | 223.43 | 232.65 | 244.39 |
| Change (%) | -7.65% | -2.73% | -0.69% | - | +2.50% | +6.73% | +12.12% |
| Change | -16.67 | -5.94 | -1.51 | - | +5.45 | +14.67 | +26.41 |
| Level | Major | Intermediate | Intermediate | - | Major | 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 | 214.14 | 215.04 | 216.56 | 217.46 | 218.98 | 219.88 | 221.40 |
| Camarilla | 217.41 | 217.63 | 217.85 | 218.07 | 218.29 | 218.51 | 218.74 |
| Woodie | 214.44 | 215.20 | 216.86 | 217.62 | 219.28 | 220.04 | 221.70 |
| Fibonacci | 215.04 | 215.97 | 216.54 | 217.46 | 218.39 | 218.96 | 219.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 207.00 | 211.15 | 213.65 | 217.80 | 220.30 | 224.45 | 226.95 |
| Camarilla | 214.33 | 214.94 | 215.55 | 216.16 | 216.77 | 217.38 | 217.99 |
| Woodie | 206.19 | 210.74 | 212.84 | 217.39 | 219.49 | 224.04 | 226.14 |
| Fibonacci | 211.15 | 213.69 | 215.26 | 217.80 | 220.34 | 221.91 | 224.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 199.98 | 203.46 | 210.01 | 213.49 | 220.04 | 223.52 | 230.07 |
| Camarilla | 213.81 | 214.73 | 215.65 | 216.57 | 217.49 | 218.41 | 219.33 |
| Woodie | 201.53 | 204.23 | 211.56 | 214.26 | 221.59 | 224.29 | 231.62 |
| Fibonacci | 203.46 | 207.29 | 209.66 | 213.49 | 217.32 | 219.69 | 223.52 |
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): | 55.10 | |
| MACD (12,26,9): | 0.7900 | |
| Directional Movement: | 5.72 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 218.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 213.60 | |
| Elder Ray (13): | 0.64 | |
| Super Trend (3,10): | 213.54 | |
| Zig ZAG (10): | 217.98 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 48.04 | |
| TEMA (21): | 217.56 | |
| Williams %R (14): | -47.48 | |
| Chande Momentum Oscillator (20): | -2.42 | |
| Repulse (5,40,3): | 0.9900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 1.06 |
| MA7: | 216.41 | |
| MA20: | 218.06 | |
| MA50: | 215.11 | |
| MA100: | 207.24 | |
| MAexp7: | 217.25 | |
| MAexp20: | 216.98 | |
| MAexp50: | 214.20 | |
| MAexp100: | 211.22 | |
| Price / MA7: | +0.73% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | +1.33% | |
| Price / MA100: | +5.18% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +1.76% | |
| Price / MAexp100: | +3.20% |
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.
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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