STXE 600 BAS RES EUR (PRICE) - Daily - Technical analysis published on 12/23/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 616.55 EUR
My targets
656.34 EUR (+3.21%)
713.84 EUR (+12.25%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on STXE 600 BAS RES EUR (PRICE) as long as the price remains well above 616.55 EUR. The buyers' bullish objective is set at 656.34 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 713.84 EUR. If there is any crossing, the next objective would be the resistance located at 748.64 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 overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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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 BAS RES EUR (PRICE) price is 635.95 EUR. The price has increased by +1.09% since the last closing and was between 629.33 EUR and 637.21 EUR. This implies that the price is at +1.05% from its lowest and at -0.20% from its highest.629.33
637.21
635.95
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this STXE 600 BAS RES EUR (PRICE) chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 555.64 | 595.51 | 616.55 | 635.95 | 656.34 | 713.84 | 748.64 |
| Change (%) | -12.63% | -6.36% | -3.05% | - | +3.21% | +12.25% | +17.72% |
| Change | -80.31 | -40.44 | -19.40 | - | +20.39 | +77.89 | +112.69 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Major |
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 | 607.79 | 617.61 | 623.35 | 633.17 | 638.91 | 648.73 | 654.47 |
| Camarilla | 624.80 | 626.23 | 627.65 | 629.08 | 630.51 | 631.93 | 633.36 |
| Woodie | 605.74 | 616.59 | 621.30 | 632.15 | 636.86 | 647.71 | 652.42 |
| Fibonacci | 617.61 | 623.56 | 627.23 | 633.17 | 639.12 | 642.79 | 648.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 552.40 | 582.41 | 599.69 | 629.70 | 646.98 | 676.99 | 694.27 |
| Camarilla | 603.96 | 608.29 | 612.63 | 616.96 | 621.30 | 625.63 | 629.97 |
| Woodie | 546.03 | 579.23 | 593.32 | 626.52 | 640.61 | 673.81 | 687.90 |
| Fibonacci | 582.41 | 600.48 | 611.64 | 629.70 | 647.77 | 658.93 | 676.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 493.45 | 526.11 | 587.48 | 620.14 | 681.51 | 714.17 | 775.54 |
| Camarilla | 623.00 | 631.62 | 640.24 | 648.86 | 657.48 | 666.10 | 674.72 |
| Woodie | 507.82 | 533.29 | 601.85 | 627.32 | 695.88 | 721.35 | 789.91 |
| Fibonacci | 526.11 | 562.03 | 584.22 | 620.14 | 656.06 | 678.25 | 714.17 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.66 | |
| MACD (12,26,9): | 4.0000 | |
| Directional Movement: | 4.77 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 639.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 643.00 | |
| Elder Ray (13): | 0.35 | |
| Super Trend (3,10): | 614.21 | |
| Zig ZAG (10): | 636.39 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 44.69 | |
| TEMA (21): | 632.76 | |
| Williams %R (14): | -48.86 | |
| Chande Momentum Oscillator (20): | -4.88 | |
| Repulse (5,40,3): | 1.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 4.71 |
| MA7: | 626.69 | |
| MA20: | 638.76 | |
| MA50: | 611.40 | |
| MA100: | 592.30 | |
| MAexp7: | 631.98 | |
| MAexp20: | 631.53 | |
| MAexp50: | 616.62 | |
| MAexp100: | 606.50 | |
| Price / MA7: | +1.48% | |
| Price / MA20: | -0.44% | |
| Price / MA50: | +4.02% | |
| Price / MA100: | +7.37% | |
| Price / MAexp7: | +0.63% | |
| Price / MAexp20: | +0.70% | |
| Price / MAexp50: | +3.13% | |
| Price / MAexp100: | +4.86% |
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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