STXE 600 BAS RES EUR (PRICE) - 1H - Technical analysis published on 12/23/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 625.58 EUR
My targets
643.06 EUR (+1.18%)
656.34 EUR (+3.27%)
My analysis
STXE 600 BAS RES EUR (PRICE) is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 625.58 EUR. The next resistance located at 643.06 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 656.34 EUR. After this resistance, buyers could then target 665.20 EUR.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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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Additional analysis
Quotes
The STXE 600 BAS RES EUR (PRICE) rating is 635.55 EUR. The price registered an increase of +1.03% on the session with the lowest point at 629.33 EUR and the highest point at 637.21 EUR. The deviation from the price is +0.99% for the low point and -0.26% for the high point.629.33
637.21
635.55
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
Here is a more detailed summary of the historical variations registered by STXE 600 BAS RES EUR (PRICE):
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this STXE 600 BAS RES EUR (PRICE) chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 611.50 | 616.55 | 625.58 | 635.55 | 637.01 | 643.06 | 656.34 |
| Change (%) | -3.78% | -2.99% | -1.57% | - | +0.23% | +1.18% | +3.27% |
| Change | -24.05 | -19.00 | -9.97 | - | +1.46 | +7.51 | +20.79 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Major |
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 | 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 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): | 59.09 | |
| MACD (12,26,9): | 1.9500 | |
| Directional Movement: | 14.19 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 635.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 627.83 | |
| Elder Ray (13): | 1.93 | |
| Super Trend (3,10): | 637.11 | |
| Zig ZAG (10): | 635.89 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 56.83 | |
| TEMA (21): | 636.27 | |
| Williams %R (14): | -44.67 | |
| Chande Momentum Oscillator (20): | -1.21 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.40 |
| MA7: | 626.56 | |
| MA20: | 638.77 | |
| MA50: | 611.41 | |
| MA100: | 592.31 | |
| MAexp7: | 634.48 | |
| MAexp20: | 632.81 | |
| MAexp50: | 630.97 | |
| MAexp100: | 632.41 | |
| Price / MA7: | +1.43% | |
| Price / MA20: | -0.50% | |
| Price / MA50: | +3.95% | |
| Price / MA100: | +7.30% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +0.73% | |
| Price / MAexp100: | +0.50% |
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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