STMICROELECTRONICS

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	STMPA
ISIN:	NL0000226223

STMICROELECTRONICS - Daily - Technical analysis published on 10/28/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 32.551 EUR

My targets

28.126 EUR (-8.74%)

23.612 EUR (-23.39%)

My analysis

The bearish trend is currently very strong for STMICROELECTRONICS. As long as the price remains below the resistance at 32.551 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 28.126 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 23.612 EUR as an objective. Crossing it would then enable sellers to target 21.740 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Baroutrade. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The STMICROELECTRONICS rating is 30.820 EUR. On the day, this instrument lost -5.18% and was traded between 30.355 EUR and 31.960 EUR over the period. The price is currently at +1.53% from its lowest and -3.57% from its highest.

30.355

31.960

30.820

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of STMICROELECTRONICS in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.756	21.740	28.126	30.820	32.551	35.182	38.583
Change (%)	-55.37%	-29.46%	-8.74%	-	+5.62%	+14.15%	+25.19%
Change	-17.064	-9.080	-2.694	-	+1.731	+4.362	+7.763
Level	Minor	Intermediate	Major	-	Major	Major	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	29.028	30.502	31.503	32.977	33.978	35.452	36.453
Camarilla	31.824	32.051	32.278	32.505	32.732	32.959	33.186
Woodie	28.793	30.384	31.268	32.859	33.743	35.334	36.218
Fibonacci	30.502	31.447	32.031	32.977	33.922	34.506	35.452

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.898	30.832	32.073	33.007	34.248	35.182	36.423
Camarilla	32.717	32.916	33.116	33.315	33.514	33.714	33.913
Woodie	30.053	30.909	32.228	33.084	34.403	35.259	36.578
Fibonacci	30.832	31.663	32.176	33.007	33.838	34.351	35.182

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.612	27.418	29.832	33.638	36.052	39.858	42.272
Camarilla	30.535	31.105	31.675	32.245	32.815	33.385	33.956
Woodie	22.915	27.070	29.135	33.290	35.355	39.510	41.575
Fibonacci	27.418	29.794	31.262	33.638	36.014	37.482	39.858

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):	37.51
MACD (12,26,9):	-0.3880
Directional Movement:	-15.597
AROON (14):	57.142
DEMA (21):	32.808
Parabolic SAR (0,02-0,02-0,2):	35.180
Elder Ray (13):	-2.005
Super Trend (3,10):	35.736
Zig ZAG (10):	30.790
VORTEX (21):	0.8640
Stochastique (14,3,5):	52.06
TEMA (21):	32.800
Williams %R (14):	-86.44
Chande Momentum Oscillator (20):	-1.005
Repulse (5,40,3):	-5.1410
ROCnROLL:	2
TRIX (15,9):	-0.1790
Courbe Coppock:	1.04

MA7:	33.481
MA20:	33.261
MA50:	34.385
MA100:	33.945
MAexp7:	32.945
MAexp20:	33.353
MAexp50:	33.998
MAexp100:	34.616
Price / MA7:	-7.95%
Price / MA20:	-7.34%
Price / MA50:	-10.37%
Price / MA100:	-9.21%
Price / MAexp7:	-6.45%
Price / MAexp20:	-7.59%
Price / MAexp50:	-9.35%
Price / MAexp100:	-10.97%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on STMICROELECTRONICS at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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