STXE 600 CNS&MAT EUR (PRICE) - Daily - Technical analysis published on 08/25/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 604.67 EUR
My targets
570.74 EUR (-1.46%)
559.63 EUR (-3.38%)
My analysis
STXE 600 CNS&MAT EUR (PRICE) is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 604.67 EUR. The next support located at 570.74 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 559.63 EUR. Below this support, sellers could then target 529.60 EUR.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5
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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 CNS&MAT EUR (PRICE) rating is 579.20 EUR. The price is lower by -0.02% since the last closing and was traded between 577.92 EUR and 583.66 EUR over the period. The price is currently at +0.22% from its lowest and -0.76% from its highest.577.92
583.66
579.20
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of STXE 600 CNS&MAT EUR (PRICE) in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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 | 529.60 | 559.63 | 570.74 | 579.20 | 581.35 | 604.67 | 619.88 |
| Change (%) | -8.56% | -3.38% | -1.46% | - | +0.37% | +4.40% | +7.02% |
| Change | -49.60 | -19.57 | -8.46 | - | +2.15 | +25.47 | +40.68 |
| Level | Major | Intermediate | Major | - | Minor | Major | Intermediate |
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 | 565.88 | 572.35 | 575.82 | 582.29 | 585.76 | 592.23 | 595.70 |
| Camarilla | 576.56 | 577.47 | 578.38 | 579.29 | 580.20 | 581.11 | 582.02 |
| Woodie | 564.38 | 571.60 | 574.32 | 581.54 | 584.26 | 591.48 | 594.20 |
| Fibonacci | 572.35 | 576.15 | 578.49 | 582.29 | 586.09 | 588.43 | 592.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 542.63 | 559.05 | 569.94 | 586.36 | 597.25 | 613.67 | 624.56 |
| Camarilla | 573.31 | 575.81 | 578.32 | 580.82 | 583.32 | 585.83 | 588.33 |
| Woodie | 539.86 | 557.67 | 567.17 | 584.98 | 594.48 | 612.29 | 621.79 |
| Fibonacci | 559.05 | 569.49 | 575.93 | 586.36 | 596.80 | 603.24 | 613.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 515.86 | 538.63 | 577.23 | 600.00 | 638.60 | 661.37 | 699.97 |
| Camarilla | 598.96 | 604.59 | 610.21 | 615.84 | 621.47 | 627.09 | 632.72 |
| Woodie | 523.79 | 542.59 | 585.16 | 603.96 | 646.53 | 665.33 | 707.90 |
| Fibonacci | 538.63 | 562.07 | 576.55 | 600.00 | 623.44 | 637.92 | 661.37 |
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): | 36.91 | |
| MACD (12,26,9): | -5.0200 | |
| Directional Movement: | -12.80 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 586.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 593.26 | |
| Elder Ray (13): | -7.48 | |
| Super Trend (3,10): | 602.33 | |
| Zig ZAG (10): | 579.66 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 15.18 | |
| TEMA (21): | 579.91 | |
| Williams %R (14): | -88.18 | |
| Chande Momentum Oscillator (20): | -23.56 | |
| Repulse (5,40,3): | -1.6300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 8.37 |
| MA7: | 581.29 | |
| MA20: | 596.62 | |
| MA50: | 592.15 | |
| MA100: | 589.11 | |
| MAexp7: | 583.34 | |
| MAexp20: | 591.44 | |
| MAexp50: | 592.69 | |
| MAexp100: | 587.12 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -2.92% | |
| Price / MA50: | -2.19% | |
| Price / MA100: | -1.68% | |
| Price / MAexp7: | -0.71% | |
| Price / MAexp20: | -2.07% | |
| Price / MAexp50: | -2.28% | |
| Price / MAexp100: | -1.35% |
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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