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 06/16/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

28%

My opinion

Bullish above 42.693 EUR

My targets

47.069 EUR (+3.49%)

48.955 EUR (+7.64%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on STMICROELECTRONICS. This is a positive signal for buyers. As long as the price remains above 42.693 EUR, a purchase could be considered. The first bullish objective is located at 47.069 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 48.955 EUR as an objective. In the event of a return below 42.693 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 45.480 EUR. On the day, this instrument lost -0.01% with the lowest point at 45.095 EUR and the highest point at 45.700 EUR. The deviation from the price is +0.85% for the low point and -0.48% for the high point.

45.095

45.700

45.480

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, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this STMICROELECTRONICS chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

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	R1	R2
ProTrendLines	35.139	38.526	45.440	45.480	47.069	48.955
Change (%)	-22.74%	-15.29%	-0.09%	-	+3.49%	+7.64%
Change	-10.341	-6.954	-0.040	-	+1.589	+3.475
Level	Minor	Major	Major	-	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43.157	44.018	44.752	45.613	46.347	47.208	47.942
Camarilla	45.046	45.193	45.339	45.485	45.631	45.777	45.924
Woodie	43.093	43.986	44.688	45.581	46.283	47.176	47.878
Fibonacci	44.018	44.628	45.004	45.613	46.223	46.599	47.208

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.027	39.413	41.757	43.143	45.487	46.873	49.217
Camarilla	43.074	43.416	43.758	44.100	44.442	44.784	45.126
Woodie	38.505	39.653	42.235	43.383	45.965	47.113	49.695
Fibonacci	39.413	40.838	41.719	43.143	44.568	45.449	46.873

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.063	35.162	37.878	39.977	42.693	44.792	47.508
Camarilla	39.271	39.712	40.154	40.595	41.036	41.478	41.919
Woodie	33.373	35.316	38.188	40.131	43.003	44.946	47.818
Fibonacci	35.162	37.001	38.137	39.977	41.816	42.952	44.792

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):	66.83
MACD (12,26,9):	1.2280
Directional Movement:	11.816
AROON (14):	78.571
DEMA (21):	44.505
Parabolic SAR (0,02-0,02-0,2):	43.497
Elder Ray (13):	1.460
Super Trend (3,10):	42.470
Zig ZAG (10):	45.495
VORTEX (21):	1.1830
Stochastique (14,3,5):	89.96
TEMA (21):	45.910
Williams %R (14):	-14.22
Chande Momentum Oscillator (20):	4.915
Repulse (5,40,3):	1.0740
ROCnROLL:	1
TRIX (15,9):	0.2530
Courbe Coppock:	22.06

MA7:	45.117
MA20:	42.502
MA50:	42.029
MA100:	43.742
MAexp7:	44.926
MAexp20:	43.195
MAexp50:	42.545
MAexp100:	42.005
Price / MA7:	+0.80%
Price / MA20:	+7.01%
Price / MA50:	+8.21%
Price / MA100:	+3.97%
Price / MAexp7:	+1.23%
Price / MAexp20:	+5.29%
Price / MAexp50:	+6.90%
Price / MAexp100:	+8.27%

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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