STXE 600 BAS RES EUR (PRICE) - 1H - Technical analysis published on 01/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 637.00 EUR
My targets
644.15 EUR (+0.75%)
656.34 EUR (+2.66%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on STXE 600 BAS RES EUR (PRICE). This is a positive signal for buyers. As long as the price remains above 637.00 EUR, a purchase could be considered. The first bullish objective is located at 644.15 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 656.34 EUR as an objective. Crossing it would then enable buyers to target 713.84 EUR. In the event of a return below 637.00 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.4
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Additional analysis
Quotes
The STXE 600 BAS RES EUR (PRICE) rating is 639.34 EUR. The price registered an increase of +2.54% on the session with the lowest point at 620.78 EUR and the highest point at 641.11 EUR. The deviation from the price is +2.99% for the low point and -0.28% for the high point.620.78
641.11
639.34
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of STXE 600 BAS RES EUR (PRICE) in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 621.42 | 626.26 | 637.00 | 639.34 | 644.15 | 656.34 | 713.84 |
| Change (%) | -2.80% | -2.05% | -0.37% | - | +0.75% | +2.66% | +11.65% |
| Change | -17.92 | -13.08 | -2.34 | - | +4.81 | +17.00 | +74.50 |
| Level | Minor | Minor | Intermediate | - | 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 | 597.50 | 609.46 | 616.49 | 628.45 | 635.48 | 647.44 | 654.47 |
| Camarilla | 618.30 | 620.04 | 621.78 | 623.52 | 625.26 | 627.00 | 628.74 |
| Woodie | 595.04 | 608.23 | 614.03 | 627.22 | 633.02 | 646.21 | 652.01 |
| Fibonacci | 609.46 | 616.71 | 621.20 | 628.45 | 635.70 | 640.19 | 647.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 602.58 | 614.45 | 620.42 | 632.29 | 638.26 | 650.13 | 656.10 |
| Camarilla | 621.49 | 623.13 | 624.77 | 626.40 | 628.04 | 629.67 | 631.31 |
| Woodie | 599.64 | 612.98 | 617.48 | 630.82 | 635.32 | 648.66 | 653.16 |
| Fibonacci | 614.45 | 621.26 | 625.47 | 632.29 | 639.10 | 643.31 | 650.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 549.83 | 580.67 | 603.53 | 634.37 | 657.23 | 688.07 | 710.93 |
| Camarilla | 611.63 | 616.56 | 621.48 | 626.40 | 631.32 | 636.25 | 641.17 |
| Woodie | 545.85 | 578.68 | 599.55 | 632.38 | 653.25 | 686.08 | 706.95 |
| Fibonacci | 580.67 | 601.18 | 613.85 | 634.37 | 654.88 | 667.55 | 688.07 |
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): | 63.04 | |
| MACD (12,26,9): | 0.5600 | |
| Directional Movement: | 9.31 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 631.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 622.44 | |
| Elder Ray (13): | 6.65 | |
| Super Trend (3,10): | 626.63 | |
| Zig ZAG (10): | 639.29 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 86.84 | |
| TEMA (21): | 632.83 | |
| Williams %R (14): | -5.76 | |
| Chande Momentum Oscillator (20): | 10.54 | |
| Repulse (5,40,3): | 1.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.42 |
| MA7: | 631.89 | |
| MA20: | 633.44 | |
| MA50: | 621.67 | |
| MA100: | 595.31 | |
| MAexp7: | 633.64 | |
| MAexp20: | 631.34 | |
| MAexp50: | 631.73 | |
| MAexp100: | 632.43 | |
| Price / MA7: | +1.18% | |
| Price / MA20: | +0.93% | |
| Price / MA50: | +2.84% | |
| Price / MA100: | +7.40% | |
| Price / MAexp7: | +0.90% | |
| Price / MAexp20: | +1.27% | |
| Price / MAexp50: | +1.20% | |
| Price / MAexp100: | +1.09% |
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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