STXE 600 CNS&MAT EUR (PRICE) - 1H - Technical analysis published on 05/30/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 587.16 EUR
My targets
576.81 EUR (-0.93%)
573.81 EUR (-1.44%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on STXE 600 CNS&MAT EUR (PRICE) as long as the price remains well below 587.16 EUR. The next bearish objective for sellers is set at 576.81 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 573.81 EUR. If there is any crossing, the next objective would be the support located at 559.74 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 over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.4
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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 CNS&MAT EUR (PRICE) rating 582.20 EUR. The price is lower by -0.03% since the last closing and was between 580.90 EUR and 584.87 EUR. This implies that the price is at +0.22% from its lowest and at -0.46% from its highest.580.90
584.87
582.20
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of STXE 600 CNS&MAT EUR (PRICE) in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Aroon indicator bullish trend
Type : Bullish
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 | 573.81 | 576.81 | 580.82 | 582.20 | 587.16 | 590.24 | 594.06 |
| Change (%) | -1.44% | -0.93% | -0.24% | - | +0.85% | +1.38% | +2.04% |
| Change | -8.39 | -5.39 | -1.38 | - | +4.96 | +8.04 | +11.86 |
| Level | Minor | Major | Minor | - | Major | Minor | Intermediate |
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 | 577.79 | 579.85 | 581.12 | 583.18 | 584.45 | 586.51 | 587.78 |
| Camarilla | 581.47 | 581.78 | 582.09 | 582.39 | 582.70 | 583.00 | 583.31 |
| Woodie | 577.40 | 579.65 | 580.73 | 582.98 | 584.06 | 586.31 | 587.39 |
| Fibonacci | 579.85 | 581.12 | 581.91 | 583.18 | 584.45 | 585.24 | 586.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 544.44 | 559.12 | 570.87 | 585.55 | 597.30 | 611.98 | 623.73 |
| Camarilla | 575.34 | 577.77 | 580.19 | 582.61 | 585.03 | 587.46 | 589.88 |
| Woodie | 542.97 | 558.39 | 569.40 | 584.82 | 595.83 | 611.25 | 622.26 |
| Fibonacci | 559.12 | 569.22 | 575.46 | 585.55 | 595.65 | 601.89 | 611.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 535.03 | 547.42 | 569.35 | 581.74 | 603.67 | 616.06 | 637.99 |
| Camarilla | 581.83 | 584.98 | 588.12 | 591.27 | 594.42 | 597.56 | 600.71 |
| Woodie | 539.79 | 549.81 | 574.11 | 584.13 | 608.43 | 618.45 | 642.75 |
| Fibonacci | 547.42 | 560.53 | 568.63 | 581.74 | 594.85 | 602.95 | 616.06 |
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): | 53.53 | |
| MACD (12,26,9): | 0.3700 | |
| Directional Movement: | 0.99 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 582.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 584.87 | |
| Elder Ray (13): | 0.47 | |
| Super Trend (3,10): | 580.47 | |
| Zig ZAG (10): | 583.42 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 69.02 | |
| TEMA (21): | 584.30 | |
| Williams %R (14): | -40.05 | |
| Chande Momentum Oscillator (20): | 0.44 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.29 |
| MA7: | 585.07 | |
| MA20: | 588.84 | |
| MA50: | 583.22 | |
| MA100: | 581.97 | |
| MAexp7: | 583.34 | |
| MAexp20: | 582.68 | |
| MAexp50: | 583.90 | |
| MAexp100: | 586.21 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | -0.17% | |
| Price / MA100: | +0.04% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.68% |
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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