STXE 600 OIL&GAS EUR (PRICE)

SXEP

- EUR (-)

- 15 min delayed data - STOXX Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SXEP
ISIN:	EU0009658780

STXE 600 OIL&GAS EUR (PRICE) - Daily - Technical analysis published on 09/21/2022 (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

17%

67%

17%

My opinion

Bearish under 334.26 EUR

My targets

319.84 EUR (-1.02%)

307.33 EUR (-4.89%)

My analysis

STXE 600 OIL&GAS 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 334.26 EUR. The next support located at 319.84 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 307.33 EUR. Below this support, sellers could then target 299.43 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

5.2

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.

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Additional analysis

Quotes

The STXE 600 OIL&GAS EUR (PRICE) price is 323.12 EUR. The price has increased by +1.71% since the last closing and was between 318.25 EUR and 324.25 EUR. This implies that the price is at +1.53% from its lowest and at -0.35% from its highest.

318.25

324.25

323.12

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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:

Technical

Technical analysis of STXE 600 OIL&GAS EUR (PRICE) in Daily shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	299.43	307.33	319.84	323.12	334.26	350.89	363.38
Change (%)	-7.33%	-4.89%	-1.02%	-	+3.45%	+8.59%	+12.46%
Change	-23.69	-15.79	-3.28	-	+11.14	+27.77	+40.26
Level	Major	Intermediate	Minor	-	Major	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	306.65	311.52	314.61	319.48	322.57	327.44	330.53
Camarilla	315.51	316.24	316.97	317.70	318.43	319.16	319.89
Woodie	305.76	311.08	313.72	319.04	321.68	327.00	329.64
Fibonacci	311.52	314.56	316.44	319.48	322.52	324.40	327.44

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	298.80	309.29	315.35	325.84	331.90	342.39	348.45
Camarilla	316.86	318.38	319.89	321.41	322.93	324.44	325.96
Woodie	296.59	308.18	313.14	324.73	329.69	341.28	346.24
Fibonacci	309.29	315.61	319.52	325.84	332.16	336.07	342.39

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	276.42	296.08	314.44	334.10	352.46	372.12	390.48
Camarilla	322.35	325.83	329.32	332.80	336.29	339.77	343.26
Woodie	275.77	295.76	313.79	333.78	351.81	371.80	389.83
Fibonacci	296.08	310.60	319.58	334.10	348.62	357.60	372.12

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):	39.33
MACD (12,26,9):	-2.4000
Directional Movement:	-7.57
AROON (14):	-71.43
DEMA (21):	327.96
Parabolic SAR (0,02-0,02-0,2):	332.94
Elder Ray (13):	-7.50
Super Trend (3,10):	341.87
Zig ZAG (10):	317.70
VORTEX (21):	0.8800
Stochastique (14,3,5):	8.93
TEMA (21):	322.97
Williams %R (14):	-92.09
Chande Momentum Oscillator (20):	-19.22
Repulse (5,40,3):	-2.8800
ROCnROLL:	2
TRIX (15,9):	0.0200
Courbe Coppock:	10.12

MA7:	326.42
MA20:	334.20
MA50:	325.98
MA100:	327.33
MAexp7:	324.30
MAexp20:	329.56
MAexp50:	328.42
MAexp100:	324.55
Price / MA7:	-1.01%
Price / MA20:	-3.32%
Price / MA50:	-0.88%
Price / MA100:	-1.29%
Price / MAexp7:	-0.36%
Price / MAexp20:	-1.95%
Price / MAexp50:	-1.61%
Price / MAexp100:	-0.44%

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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