STXE 600 BANKS EUR (PRICE) - 1H - Technical analysis published on 03/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 179.14 EUR
My targets
183.23 EUR (+0.92%)
187.38 EUR (+3.21%)
My analysis
The bullish trend is currently very strong on STXE 600 BANKS EUR (PRICE). As long as the price remains above the support at 179.14 EUR, you could try to benefit from the boom. The first bullish objective is located at 183.23 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 187.38 EUR as an objective. Crossing it would then enable buyers to target 196.68 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
8.8
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Additional analysis
Quotes
The STXE 600 BANKS EUR (PRICE) price is 181.55 EUR. On the day, this instrument gained +1.93% and was traded between 178.31 EUR and 181.56 EUR over the period. The price is currently at +1.82% from its lowest and -0.01% from its highest.178.31
181.56
181.55
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of STXE 600 BANKS EUR (PRICE) indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 173.19 | 176.89 | 179.14 | 181.55 | 196.68 | 227.10 | 378.29 |
| Change (%) | -4.60% | -2.57% | -1.33% | - | +8.33% | +25.09% | +108.37% |
| Change | -8.36 | -4.66 | -2.41 | - | +15.13 | +45.55 | +196.74 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | 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 | 176.15 | 176.60 | 177.35 | 177.80 | 178.55 | 179.00 | 179.75 |
| Camarilla | 177.78 | 177.89 | 178.00 | 178.11 | 178.22 | 178.33 | 178.44 |
| Woodie | 176.31 | 176.68 | 177.51 | 177.88 | 178.71 | 179.08 | 179.91 |
| Fibonacci | 176.60 | 177.06 | 177.34 | 177.80 | 178.26 | 178.54 | 179.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 172.88 | 174.30 | 176.33 | 177.75 | 179.78 | 181.20 | 183.23 |
| Camarilla | 177.40 | 177.72 | 178.03 | 178.35 | 178.67 | 178.98 | 179.30 |
| Woodie | 173.18 | 174.45 | 176.63 | 177.90 | 180.08 | 181.35 | 183.53 |
| Fibonacci | 174.30 | 175.62 | 176.44 | 177.75 | 179.07 | 179.89 | 181.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 158.76 | 162.24 | 168.30 | 171.78 | 177.84 | 181.32 | 187.38 |
| Camarilla | 171.75 | 172.62 | 173.50 | 174.37 | 175.25 | 176.12 | 176.99 |
| Woodie | 160.06 | 162.89 | 169.60 | 172.43 | 179.14 | 181.97 | 188.68 |
| Fibonacci | 162.24 | 165.88 | 168.13 | 171.78 | 175.42 | 177.67 | 181.32 |
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): | 74.30 | |
| MACD (12,26,9): | 0.7700 | |
| Directional Movement: | 24.44 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 180.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 178.36 | |
| Elder Ray (13): | 1.40 | |
| Super Trend (3,10): | 179.39 | |
| Zig ZAG (10): | 181.41 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 96.31 | |
| TEMA (21): | 180.65 | |
| Williams %R (14): | -2.05 | |
| Chande Momentum Oscillator (20): | 3.78 | |
| Repulse (5,40,3): | 0.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.70 |
| MA7: | 178.31 | |
| MA20: | 174.43 | |
| MA50: | 170.71 | |
| MA100: | 166.02 | |
| MAexp7: | 180.59 | |
| MAexp20: | 179.28 | |
| MAexp50: | 178.24 | |
| MAexp100: | 176.75 | |
| Price / MA7: | +1.82% | |
| Price / MA20: | +4.08% | |
| Price / MA50: | +6.35% | |
| Price / MA100: | +9.35% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +1.27% | |
| Price / MAexp50: | +1.86% | |
| Price / MAexp100: | +2.72% |
Quotes :
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15 min delayed data
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STOXX Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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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…
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