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 03/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 41.272 EUR

My targets

47.040 EUR (+2.63%)

My analysis

STMICROELECTRONICS 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 41.272 EUR. The next resistance located at 47.040 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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.

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

7.3

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.

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Additional analysis

Quotes

The STMICROELECTRONICS price is 45.835 EUR. The price is lower by -0.04% since the last closing and was between 45.805 EUR and 46.000 EUR. This implies that the price is at +0.07% from its lowest and at -0.36% from its highest.

45.805

46.000

45.835

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

Here is a more detailed summary of the historical variations registered by STMICROELECTRONICS:

The Central Records scanner for higher/lower results shows the following items:

Near a 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

A technical analysis in Daily of this STMICROELECTRONICS chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	35.187	38.526	45.440	45.835	47.040
Change (%)	-23.23%	-15.95%	-0.86%	-	+2.63%
Change	-10.648	-7.309	-0.395	-	+1.205
Level	Minor	Major	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	44.483	45.042	45.448	46.007	46.413	46.972	47.378
Camarilla	45.590	45.678	45.767	45.855	45.944	46.032	46.120
Woodie	44.408	45.004	45.373	45.969	46.338	46.934	47.303
Fibonacci	45.042	45.410	45.638	46.007	46.375	46.603	46.972

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41.177	42.413	43.917	45.153	46.657	47.893	49.397
Camarilla	44.667	44.918	45.169	45.420	45.671	45.922	46.174
Woodie	41.310	42.480	44.050	45.220	46.790	47.960	49.530
Fibonacci	42.413	43.460	44.107	45.153	46.200	46.847	47.893

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.503	41.272	43.348	45.117	47.193	48.962	51.038
Camarilla	44.368	44.720	45.073	45.425	45.778	46.130	46.482
Woodie	39.658	41.349	43.503	45.194	47.348	49.039	51.193
Fibonacci	41.272	42.741	43.648	45.117	46.586	47.493	48.962

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):	54.65
MACD (12,26,9):	0.4510
Directional Movement:	-1.798
AROON (14):	35.714
DEMA (21):	46.068
Parabolic SAR (0,02-0,02-0,2):	43.617
Elder Ray (13):	0.407
Super Trend (3,10):	42.930
Zig ZAG (10):	45.895
VORTEX (21):	1.0090
Stochastique (14,3,5):	64.31
TEMA (21):	45.438
Williams %R (14):	-41.62
Chande Momentum Oscillator (20):	0.065
Repulse (5,40,3):	0.4600
ROCnROLL:	1
TRIX (15,9):	0.1810
Courbe Coppock:	1.48

MA7:	45.399
MA20:	45.442
MA50:	43.885
MA100:	39.612
MAexp7:	45.567
MAexp20:	45.322
MAexp50:	43.526
MAexp100:	40.943
Price / MA7:	+0.96%
Price / MA20:	+0.86%
Price / MA50:	+4.44%
Price / MA100:	+15.71%
Price / MAexp7:	+0.59%
Price / MAexp20:	+1.13%
Price / MAexp50:	+5.30%
Price / MAexp100:	+11.95%

Quotes : - 15 min delayed data - Euronext Paris

News

Don't forget to follow the news on STMICROELECTRONICS. At the time of publication of this analysis, the latest news was as follows:

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

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