STMICROELECTRONICS - 1H - Technical analysis published on 02/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 44.075 EUR
My targets
45.830 EUR (+0.71%)
47.970 EUR (+5.42%)
My analysis
The bullish trend is currently very strong on STMICROELECTRONICS. As long as the price remains above the support at 44.075 EUR, you could try to benefit from the boom. The first bullish objective is located at 45.830 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 47.970 EUR as an objective. Crossing it would then enable buyers to target 51.865 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
The STMICROELECTRONICS rating is 45.505 EUR. The price is lower by -0.02% since the last closing and was traded between 45.210 EUR and 45.875 EUR over the period. The price is currently at +0.65% from its lowest and -0.81% from its highest.45.210
45.875
45.505
Here is a more detailed summary of the historical variations registered by STMICROELECTRONICS:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of STMICROELECTRONICS in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 40.030 | 44.075 | 45.440 | 45.505 |
| Change (%) | -12.03% | -3.14% | -0.14% | - |
| Change | -5.475 | -1.430 | -0.065 | - |
| Level | Minor | 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 | 43.563 | 44.322 | 44.918 | 45.677 | 46.273 | 47.032 | 47.628 |
| Camarilla | 45.142 | 45.267 | 45.391 | 45.515 | 45.639 | 45.763 | 45.888 |
| Woodie | 43.483 | 44.281 | 44.838 | 45.636 | 46.193 | 46.991 | 47.548 |
| Fibonacci | 44.322 | 44.839 | 45.159 | 45.677 | 46.194 | 46.514 | 47.032 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.760 | 35.900 | 39.795 | 41.935 | 45.830 | 47.970 | 51.865 |
| Camarilla | 42.030 | 42.584 | 43.137 | 43.690 | 44.243 | 44.796 | 45.350 |
| Woodie | 34.638 | 36.339 | 40.673 | 42.374 | 46.708 | 48.409 | 52.743 |
| Fibonacci | 35.900 | 38.205 | 39.630 | 41.935 | 44.240 | 45.665 | 47.970 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.248 | 29.207 | 36.158 | 40.117 | 47.068 | 51.027 | 57.978 |
| Camarilla | 40.110 | 41.110 | 42.110 | 43.110 | 44.110 | 45.110 | 46.110 |
| Woodie | 26.745 | 29.955 | 37.655 | 40.865 | 48.565 | 51.775 | 59.475 |
| Fibonacci | 29.207 | 33.374 | 35.949 | 40.117 | 44.284 | 46.859 | 51.027 |
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): | 62.33 | |
| MACD (12,26,9): | 0.5910 | |
| Directional Movement: | 21.275 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 45.873 | |
| Parabolic SAR (0,02-0,02-0,2): | 46.173 | |
| Elder Ray (13): | 0.148 | |
| Super Trend (3,10): | 44.748 | |
| Zig ZAG (10): | 45.500 | |
| VORTEX (21): | 1.1750 | |
| Stochastique (14,3,5): | 55.15 | |
| TEMA (21): | 45.896 | |
| Williams %R (14): | -68.64 | |
| Chande Momentum Oscillator (20): | -0.295 | |
| Repulse (5,40,3): | -0.2650 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2200 | |
| Courbe Coppock: | 6.05 |
| MA7: | 44.046 | |
| MA20: | 40.263 | |
| MA50: | 37.260 | |
| MA100: | 35.668 | |
| MAexp7: | 45.517 | |
| MAexp20: | 45.050 | |
| MAexp50: | 43.819 | |
| MAexp100: | 42.154 | |
| Price / MA7: | +3.31% | |
| Price / MA20: | +13.02% | |
| Price / MA50: | +22.13% | |
| Price / MA100: | +27.58% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +1.01% | |
| Price / MAexp50: | +3.85% | |
| Price / MAexp100: | +7.95% |
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:
- STMicroelectronics unveils world’s first MCU Edge-AI Developer Cloud
- STMicroelectronics Announces Status of Common Share Repurchase Program
- NextNav Announces STMicroelectronics Has Joined its Barometer Testing Program to Certify Sensor Accuracy and Performance Quality under Rigorous Standards
- STMicroelectronics Announces Status of Common Share Repurchase Program
- STMicroelectronics Announces Status of Common Share Repurchase Program
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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