STMICROELECTRONICS - Daily - Technical analysis published on 10/06/2022 (GMT)
- 218
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Neutral
Technical indicators
50%
22%
28%
My opinion
Neutral between 33.663 EUR and 36.890 EUR
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 36.890 EUR. The first support is located at 33.663 EUR. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by STMICROELECTRONICS.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this 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 gioviforex. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STMICROELECTRONICS rating is 34.975 EUR. On the day, this instrument gained +1.47% with the lowest point at 34.040 EUR and the highest point at 35.150 EUR. The deviation from the price is +2.75% for the low point and -0.50% for the high point.34.040
35.150
34.975
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this STMICROELECTRONICS chart shows a neutral trend. This indecision could turn into a bullish trend due to the slightly bullish signals currently given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.730 | 28.240 | 31.424 | 34.975 | 35.273 | 36.890 | 38.615 |
| Change (%) | -37.87% | -19.26% | -10.15% | - | +0.85% | +5.48% | +10.41% |
| Change | -13.245 | -6.735 | -3.551 | - | +0.298 | +1.915 | +3.640 |
| Level | Intermediate | Major | Major | - | Major | Major | 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 | 34.008 | 34.427 | 34.648 | 35.067 | 35.288 | 35.707 | 35.928 |
| Camarilla | 34.694 | 34.753 | 34.811 | 34.870 | 34.929 | 34.987 | 35.046 |
| Woodie | 33.910 | 34.378 | 34.550 | 35.018 | 35.190 | 35.658 | 35.830 |
| Fibonacci | 34.427 | 34.671 | 34.822 | 35.067 | 35.311 | 35.462 | 35.707 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.132 | 28.683 | 30.467 | 33.018 | 34.802 | 37.353 | 39.137 |
| Camarilla | 31.058 | 31.455 | 31.853 | 32.250 | 32.647 | 33.045 | 33.442 |
| Woodie | 25.748 | 28.491 | 30.083 | 32.826 | 34.418 | 37.161 | 38.753 |
| Fibonacci | 28.683 | 30.339 | 31.362 | 33.018 | 34.674 | 35.697 | 37.353 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.552 | 27.393 | 29.822 | 33.663 | 36.092 | 39.933 | 42.362 |
| Camarilla | 30.526 | 31.101 | 31.675 | 32.250 | 32.825 | 33.400 | 33.974 |
| Woodie | 22.845 | 27.040 | 29.115 | 33.310 | 35.385 | 39.580 | 41.655 |
| Fibonacci | 27.393 | 29.789 | 31.268 | 33.663 | 36.059 | 37.538 | 39.933 |
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): | 51.51 | |
| MACD (12,26,9): | -0.5330 | |
| Directional Movement: | 3.356 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 33.841 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.300 | |
| Elder Ray (13): | 0.426 | |
| Super Trend (3,10): | 35.967 | |
| Zig ZAG (10): | 34.975 | |
| VORTEX (21): | 0.9390 | |
| Stochastique (14,3,5): | 49.71 | |
| TEMA (21): | 33.358 | |
| Williams %R (14): | -33.92 | |
| Chande Momentum Oscillator (20): | -0.815 | |
| Repulse (5,40,3): | 7.5250 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1940 | |
| Courbe Coppock: | 12.75 |
| MA7: | 33.479 | |
| MA20: | 34.893 | |
| MA50: | 35.719 | |
| MA100: | 34.598 | |
| MAexp7: | 33.917 | |
| MAexp20: | 34.477 | |
| MAexp50: | 34.872 | |
| MAexp100: | 35.186 | |
| Price / MA7: | +4.47% | |
| Price / MA20: | +0.24% | |
| Price / MA50: | -2.08% | |
| Price / MA100: | +1.09% | |
| Price / MAexp7: | +3.12% | |
| Price / MAexp20: | +1.44% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | -0.60% |
Quotes :
-
End-of-day data
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Italy Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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