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STMICROELECTRONICS
STMICROELECTRONICS
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: STMPA
ISIN: NL0000226223

STMICROELECTRONICS - 1H - Technical analysis published on 09/14/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 41.755 EUR
My targets
40.720 EUR (-1.43%)
38.476 EUR (-6.86%)
My analysis
The basic trend is bearish on STMICROELECTRONICS and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 41.755 EUR. Buyers would then use the next resistance located at 42.150 EUR as an objective. Crossing it would then enable buyers to target 43.347 EUR. If there is a return to below the support located at 40.720 EUR, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 38.476 EUR and 35.561 EUR by extension.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The STMICROELECTRONICS rating is 41.310 EUR. The price registered a decrease of -0.01% on the session and was between 41.010 EUR and 41.585 EUR. This implies that the price is at +0.73% from its lowest and at -0.66% from its highest.

41.010
41.585
41.310

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

Central Gaps

Opening Gap UP

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 an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of STMICROELECTRONICS in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour


Black evening star

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 35.561 38.476 40.720 41.310 41.755 42.150 43.347
Change (%) -13.92% -6.86% -1.43% - +1.08% +2.03% +4.93%
Change -5.749 -2.834 -0.590 - +0.445 +0.840 +2.037
Level Minor Major Intermediate - Minor Minor Minor



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
Standard40.23240.48840.90241.15841.57241.82842.242
Camarilla41.13141.19241.25441.31541.37641.43841.499
Woodie40.31040.52840.98041.19841.65041.86842.320
Fibonacci40.48840.74440.90241.15841.41441.57241.828


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard36.54838.62740.00342.08243.45845.53746.913
Camarilla40.43040.74741.06341.38041.69742.01342.330
Woodie36.19838.45139.65341.90643.10845.36146.563
Fibonacci38.62739.94740.76242.08243.40244.21745.537


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard33.22237.48840.57744.84347.93252.19855.287
Camarilla41.64242.31742.99143.66544.33945.01345.688
Woodie32.63337.19439.98844.54947.34351.90454.698
Fibonacci37.48840.29842.03444.84347.65349.38952.198

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): 52.53
MACD (12,26,9): 0.0040
Directional Movement: 5.630
AROON (14): 85.714
DEMA (21): 41.254
Parabolic SAR (0,02-0,02-0,2): 40.851
Elder Ray (13): 0.159
Super Trend (3,10): 41.961
Zig ZAG (10): 41.385
VORTEX (21): 1.0930
Stochastique (14,3,5): 84.30
TEMA (21): 41.428
Williams %R (14): -24.41
Chande Momentum Oscillator (20): 0.375
Repulse (5,40,3): -0.1080
ROCnROLL: -1
TRIX (15,9): -0.0150
Courbe Coppock: 0.90
MA7: 41.479
MA20: 42.619
MA50: 44.524
MA100: 43.198
MAexp7: 41.358
MAexp20: 41.291
MAexp50: 41.556
MAexp100: 42.089
Price / MA7: -0.41%
Price / MA20: -3.07%
Price / MA50: -7.22%
Price / MA100: -4.37%
Price / MAexp7: -0.12%
Price / MAexp20: +0.05%
Price / MAexp50: -0.59%
Price / MAexp100: -1.85%

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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Londinia AI

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