STXE 600 CHEM EUR (PRICE) - Daily - Technical analysis published on 03/02/2023 (GMT)
- 151
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 1,200.49 EUR
My targets
1,230.15 EUR (+1.29%)
1,270.41 EUR (+4.60%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1,200.49 EUR remains possible. It is advisable to trade STXE 600 CHEM EUR (PRICE) with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1,200.49 EUR. The next bullish objective for buyers is set at 1,230.15 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,270.41 EUR. If there is any crossing, the next objective would be the resistance located at 1,331.21 EUR. PS: if there is a bearish break in the support located at 1,200.49 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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 STXE 600 CHEM EUR (PRICE) price is 1,214.53 EUR. On the day, this instrument lost -0.01% and was traded between 1,198.62 EUR and 1,215.67 EUR over the period. The price is currently at +1.33% from its lowest and -0.09% from its highest.1,198.62
1,215.67
1,214.53
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 STXE 600 CHEM EUR (PRICE):
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of STXE 600 CHEM EUR (PRICE) in Daily shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,101.43 | 1,141.07 | 1,200.49 | 1,214.53 | 1,230.15 | 1,270.41 | 1,331.21 |
| Change (%) | -9.31% | -6.05% | -1.16% | - | +1.29% | +4.60% | +9.61% |
| Change | -113.10 | -73.46 | -14.04 | - | +15.62 | +55.88 | +116.68 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Minor |
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 | 1,192.73 | 1,202.28 | 1,208.46 | 1,218.01 | 1,224.19 | 1,233.74 | 1,239.92 |
| Camarilla | 1,210.30 | 1,211.75 | 1,213.19 | 1,214.63 | 1,216.07 | 1,217.51 | 1,218.96 |
| Woodie | 1,191.04 | 1,201.44 | 1,206.77 | 1,217.17 | 1,222.50 | 1,232.90 | 1,238.23 |
| Fibonacci | 1,202.28 | 1,208.29 | 1,212.00 | 1,218.01 | 1,224.02 | 1,227.73 | 1,233.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,158.53 | 1,177.60 | 1,194.75 | 1,213.82 | 1,230.97 | 1,250.04 | 1,267.19 |
| Camarilla | 1,201.93 | 1,205.25 | 1,208.57 | 1,211.89 | 1,215.21 | 1,218.53 | 1,221.85 |
| Woodie | 1,157.56 | 1,177.12 | 1,193.78 | 1,213.34 | 1,230.00 | 1,249.56 | 1,266.22 |
| Fibonacci | 1,177.60 | 1,191.44 | 1,199.99 | 1,213.82 | 1,227.66 | 1,236.21 | 1,250.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,137.69 | 1,166.62 | 1,194.60 | 1,223.53 | 1,251.51 | 1,280.44 | 1,308.42 |
| Camarilla | 1,206.93 | 1,212.15 | 1,217.36 | 1,222.58 | 1,227.80 | 1,233.01 | 1,238.23 |
| Woodie | 1,137.22 | 1,166.38 | 1,194.13 | 1,223.29 | 1,251.04 | 1,280.20 | 1,307.95 |
| Fibonacci | 1,166.62 | 1,188.36 | 1,201.79 | 1,223.53 | 1,245.27 | 1,258.70 | 1,280.44 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.23 | |
| MACD (12,26,9): | 3.5200 | |
| Directional Movement: | -6.75 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 1,222.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,238.44 | |
| Elder Ray (13): | -10.98 | |
| Super Trend (3,10): | 1,186.15 | |
| Zig ZAG (10): | 1,213.80 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 51.16 | |
| TEMA (21): | 1,219.86 | |
| Williams %R (14): | -54.41 | |
| Chande Momentum Oscillator (20): | 8.65 | |
| Repulse (5,40,3): | 0.4500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.26 |
| MA7: | 1,219.71 | |
| MA20: | 1,218.86 | |
| MA50: | 1,201.24 | |
| MA100: | 1,185.43 | |
| MAexp7: | 1,218.11 | |
| MAexp20: | 1,216.58 | |
| MAexp50: | 1,205.02 | |
| MAexp100: | 1,189.62 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | +1.11% | |
| Price / MA100: | +2.45% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | +0.79% | |
| Price / MAexp100: | +2.09% |
Quotes :
-
15 min delayed data
-
STOXX Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis STXE 600 CHEM EUR (PRICE) - Daily