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 03/29/2023 (GMT)

Londinia

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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

61%

11%

28%

My opinion

Bullish above 45.440 EUR

My targets

48.962 EUR (+4.05%)

51.038 EUR (+8.47%)

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 45.440 EUR. The next resistance located at 48.962 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 51.038 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.7

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The STMICROELECTRONICS rating is 47.055 EUR. The price registered an increase of +5.72% on the session and was traded between 45.960 EUR and 47.060 EUR over the period. The price is currently at +2.38% from its lowest and -0.01% from its highest.

45.960

47.060

47.055

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

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 resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	38.526	45.440	47.040	47.055
Change (%)	-18.13%	-3.43%	-0.03%	-
Change	-8.529	-1.615	-0.015	-
Level	Major	Major	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41.917	43.153	43.832	45.068	45.747	46.983	47.662
Camarilla	43.983	44.159	44.335	44.510	44.686	44.861	45.037
Woodie	41.638	43.014	43.553	44.929	45.468	46.844	47.383
Fibonacci	43.153	43.885	44.337	45.068	45.800	46.252	46.983

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40.173	42.012	43.708	45.547	47.243	49.082	50.778
Camarilla	44.433	44.757	45.081	45.405	45.729	46.053	46.377
Woodie	40.103	41.976	43.638	45.511	47.173	49.046	50.708
Fibonacci	42.012	43.362	44.196	45.547	46.897	47.731	49.082

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.60
MACD (12,26,9):	0.4260
Directional Movement:	-2.885
AROON (14):	-35.714
DEMA (21):	46.257
Parabolic SAR (0,02-0,02-0,2):	44.328
Elder Ray (13):	0.724
Super Trend (3,10):	42.930
Zig ZAG (10):	47.010
VORTEX (21):	0.9660
Stochastique (14,3,5):	56.87
TEMA (21):	45.799
Williams %R (14):	-9.51
Chande Momentum Oscillator (20):	2.625
Repulse (5,40,3):	-1.4870
ROCnROLL:	1
TRIX (15,9):	0.1430
Courbe Coppock:	0.87

MA7:	46.030
MA20:	45.638
MA50:	44.663
MA100:	40.320
MAexp7:	45.911
MAexp20:	45.606
MAexp50:	43.986
MAexp100:	41.417
Price / MA7:	+2.23%
Price / MA20:	+3.10%
Price / MA50:	+5.36%
Price / MA100:	+16.70%
Price / MAexp7:	+2.49%
Price / MAexp20:	+3.18%
Price / MAexp50:	+6.98%
Price / MAexp100:	+13.61%

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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