STXE 600 OIL&GAS EUR (PRICE) - 1H - Technical analysis published on 08/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 333.41 EUR
My targets
330.25 EUR (-0.68%)
325.63 EUR (-2.07%)
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 333.41 EUR. The next support located at 330.25 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 325.63 EUR. Below this support, sellers could then target 323.25 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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Additional analysis
Quotes
The STXE 600 OIL&GAS EUR (PRICE) rating is 332.51 EUR. The price registered a decrease of -0.01% on the session with the lowest point at 328.71 EUR and the highest point at 334.69 EUR. The deviation from the price is +1.16% for the low point and -0.65% for the high point.328.71
334.69
332.51
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by STXE 600 OIL&GAS EUR (PRICE):
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this STXE 600 OIL&GAS EUR (PRICE) chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
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 | 323.25 | 325.63 | 330.25 | 332.51 | 333.41 | 337.51 | 343.20 |
| Change (%) | -2.78% | -2.07% | -0.68% | - | +0.27% | +1.50% | +3.21% |
| Change | -9.26 | -6.88 | -2.26 | - | +0.90 | +5.00 | +10.69 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 323.75 | 327.90 | 330.21 | 334.36 | 336.67 | 340.82 | 343.13 |
| Camarilla | 330.75 | 331.35 | 331.94 | 332.53 | 333.12 | 333.71 | 334.31 |
| Woodie | 322.84 | 327.44 | 329.30 | 333.90 | 335.76 | 340.36 | 342.22 |
| Fibonacci | 327.90 | 330.36 | 331.89 | 334.36 | 336.82 | 338.35 | 340.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 322.63 | 328.93 | 332.83 | 339.13 | 343.03 | 349.33 | 353.23 |
| Camarilla | 333.92 | 334.85 | 335.79 | 336.72 | 337.66 | 338.59 | 339.53 |
| Woodie | 321.42 | 328.33 | 331.62 | 338.53 | 341.82 | 348.73 | 352.02 |
| Fibonacci | 328.93 | 332.83 | 335.24 | 339.13 | 343.03 | 345.44 | 349.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 299.29 | 309.44 | 325.15 | 335.30 | 351.01 | 361.16 | 376.87 |
| Camarilla | 333.76 | 336.13 | 338.50 | 340.87 | 343.24 | 345.61 | 347.98 |
| Woodie | 302.08 | 310.83 | 327.94 | 336.69 | 353.80 | 362.55 | 379.66 |
| Fibonacci | 309.44 | 319.32 | 325.42 | 335.30 | 345.18 | 351.28 | 361.16 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.08 | |
| MACD (12,26,9): | -1.9900 | |
| Directional Movement: | -6.45 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 331.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 328.82 | |
| Elder Ray (13): | 0.45 | |
| Super Trend (3,10): | 334.85 | |
| Zig ZAG (10): | 333.59 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 44.05 | |
| TEMA (21): | 330.82 | |
| Williams %R (14): | -46.42 | |
| Chande Momentum Oscillator (20): | -3.98 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 3.73 |
| MA7: | 337.51 | |
| MA20: | 334.18 | |
| MA50: | 332.83 | |
| MA100: | 336.31 | |
| MAexp7: | 332.44 | |
| MAexp20: | 334.25 | |
| MAexp50: | 336.50 | |
| MAexp100: | 336.52 | |
| Price / MA7: | -1.48% | |
| Price / MA20: | -0.50% | |
| Price / MA50: | -0.10% | |
| Price / MA100: | -1.13% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -1.19% | |
| Price / MAexp100: | -1.19% |
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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