STXE 600 CNS&MAT EUR (PRICE)

SXOP

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SXOP
ISIN:	EU0009658889

STXE 600 CNS&MAT EUR (PRICE) - 1H - Technical analysis published on 05/30/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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

3.4

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 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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

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 : - 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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