STXE 600 BAS RES EUR (PRICE) - Daily - Technical analysis published on 01/18/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 656.34 EUR
My targets
713.84 EUR (+4.01%)
748.64 EUR (+9.08%)
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 656.34 EUR. The next resistance located at 713.84 EUR is the next bullish objective 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 748.64 EUR. After this resistance, buyers could then target 836.59 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
STXE 600 BAS RES EUR (PRICE) rating 686.34 EUR. The price has increased by +2.18% since the last closing and was traded between 673.45 EUR and 687.97 EUR over the period. The price is currently at +1.91% from its lowest and -0.24% from its highest.673.45
687.97
686.34
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by STXE 600 BAS RES EUR (PRICE):
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of STXE 600 BAS RES EUR (PRICE) indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 623.58 | 656.34 | 686.26 | 686.34 | 713.84 | 748.64 | 836.59 |
| Change (%) | -9.14% | -4.37% | -0.01% | - | +4.01% | +9.08% | +21.89% |
| Change | -62.76 | -30.00 | -0.08 | - | +27.50 | +62.30 | +150.25 |
| Level | Major | Major | Minor | - | Major | Major | Intermediate |
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 | 653.96 | 657.51 | 664.61 | 668.16 | 675.26 | 678.81 | 685.91 |
| Camarilla | 668.78 | 669.76 | 670.73 | 671.71 | 672.69 | 673.66 | 674.64 |
| Woodie | 655.74 | 658.40 | 666.39 | 669.05 | 677.04 | 679.70 | 687.69 |
| Fibonacci | 657.51 | 661.58 | 664.09 | 668.16 | 672.23 | 674.74 | 678.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 636.29 | 645.25 | 657.96 | 666.92 | 679.63 | 688.59 | 701.30 |
| Camarilla | 664.70 | 666.69 | 668.67 | 670.66 | 672.65 | 674.63 | 676.62 |
| Woodie | 638.16 | 646.19 | 659.83 | 667.86 | 681.50 | 689.53 | 703.17 |
| Fibonacci | 645.25 | 653.53 | 658.65 | 666.92 | 675.20 | 680.32 | 688.59 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 68.42 | |
| MACD (12,26,9): | 12.3200 | |
| Directional Movement: | 18.68 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 668.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 645.64 | |
| Elder Ray (13): | 19.98 | |
| Super Trend (3,10): | 643.09 | |
| Zig ZAG (10): | 687.37 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 90.30 | |
| TEMA (21): | 673.45 | |
| Williams %R (14): | -0.12 | |
| Chande Momentum Oscillator (20): | 56.10 | |
| Repulse (5,40,3): | 3.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 11.98 |
| MA7: | 668.84 | |
| MA20: | 647.61 | |
| MA50: | 636.88 | |
| MA100: | 601.52 | |
| MAexp7: | 669.24 | |
| MAexp20: | 653.38 | |
| MAexp50: | 634.74 | |
| MAexp100: | 619.68 | |
| Price / MA7: | +2.62% | |
| Price / MA20: | +5.98% | |
| Price / MA50: | +7.77% | |
| Price / MA100: | +14.10% | |
| Price / MAexp7: | +2.56% | |
| Price / MAexp20: | +5.04% | |
| Price / MAexp50: | +8.13% | |
| Price / MAexp100: | +10.76% |
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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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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