SCHNEIDER ELECTRIC - Daily - Technical analysis published on 07/31/2024 (GMT)
- 120
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
33%
39%
28%
My opinion
Neutral between 201.50 EUR and 236.60 EUR
My targets
-
My analysis
The short-term decline on SCHNEIDER ELECTRIC remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 201.50 EUR. The first resistance is located at 236.60 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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Additional analysis
Quotes
SCHNEIDER ELECTRIC rating 223.70 EUR. The price registered an increase of +3.52% on the session and was traded between 221.90 EUR and 226.25 EUR over the period. The price is currently at +0.81% from its lowest and -1.13% from its highest.221.90
226.25
223.70
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SCHNEIDER ELECTRIC:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SCHNEIDER ELECTRIC chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 179.07 | 201.50 | 221.20 | 223.70 | 236.60 |
| Change (%) | -19.95% | -9.92% | -1.12% | - | +5.77% |
| Change | -44.63 | -22.20 | -2.50 | - | +12.90 |
| Level | Minor | Major | Intermediate | - | 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 | 210.77 | 213.43 | 214.77 | 217.43 | 218.77 | 221.43 | 222.77 |
| Camarilla | 215.00 | 215.37 | 215.73 | 216.10 | 216.47 | 216.83 | 217.20 |
| Woodie | 210.10 | 213.10 | 214.10 | 217.10 | 218.10 | 221.10 | 222.10 |
| Fibonacci | 213.43 | 214.96 | 215.91 | 217.43 | 218.96 | 219.91 | 221.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 192.00 | 201.75 | 210.65 | 220.40 | 229.30 | 239.05 | 247.95 |
| Camarilla | 214.42 | 216.13 | 217.84 | 219.55 | 221.26 | 222.97 | 224.68 |
| Woodie | 191.58 | 201.54 | 210.23 | 220.19 | 228.88 | 238.84 | 247.53 |
| Fibonacci | 201.75 | 208.87 | 213.28 | 220.40 | 227.52 | 231.93 | 239.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 199.10 | 209.30 | 216.80 | 227.00 | 234.50 | 244.70 | 252.20 |
| Camarilla | 219.43 | 221.06 | 222.68 | 224.30 | 225.92 | 227.55 | 229.17 |
| Woodie | 197.75 | 208.63 | 215.45 | 226.33 | 233.15 | 244.03 | 250.85 |
| Fibonacci | 209.30 | 216.06 | 220.24 | 227.00 | 233.76 | 237.94 | 244.70 |
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): | 50.41 | |
| MACD (12,26,9): | -1.8500 | |
| Directional Movement: | -6.92 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 222.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 230.42 | |
| Elder Ray (13): | 0.91 | |
| Super Trend (3,10): | 232.95 | |
| Zig ZAG (10): | 225.25 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 34.16 | |
| TEMA (21): | 219.97 | |
| Williams %R (14): | -46.06 | |
| Chande Momentum Oscillator (20): | -7.40 | |
| Repulse (5,40,3): | -0.9700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 7.04 |
| MA7: | 221.31 | |
| MA20: | 225.87 | |
| MA50: | 227.08 | |
| MA100: | 220.19 | |
| MAexp7: | 221.24 | |
| MAexp20: | 224.25 | |
| MAexp50: | 224.26 | |
| MAexp100: | 217.52 | |
| Price / MA7: | +1.08% | |
| Price / MA20: | -0.96% | |
| Price / MA50: | -1.49% | |
| Price / MA100: | +1.59% | |
| Price / MAexp7: | +1.11% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | +2.84% |
Quotes :
-
15 min delayed data
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Euronext Paris
News
Don't forget to follow the news on SCHNEIDER ELECTRIC. At the time of publication of this analysis, the latest news was as follows:
- Schneider Electric Pursues Its Ambitious Sustainability Transformation Program With Unwavering Determination
- Celebrating Boston's Leadership in Climate Technology
- Towards Net Zero Buildings: Decarbonizing Buildings to the Benefits of Consumers and System Operators
- Schneider Electric(TM) Sustainability Research Institute, Towards New Energy Systems and Process Electrification: Optimizing Renewable Energy Integration and Grid Costs for Electrified Ammonia Production
- Schneider Electric Sustainability Impact Awards Return, Underscoring a Commitment to Partners' Sustainability Efforts
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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