STMICROELECTRONICS

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	STMMI
ISIN:	NL0000226223

STMICROELECTRONICS - Daily - Technical analysis published on 06/09/2023 (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

89%

11%

My opinion

Bullish above 41.805 EUR

My targets

45.568 EUR (+2.86%)

47.059 EUR (+6.23%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on STMICROELECTRONICS as long as the price remains well above 41.805 EUR. The buyers' bullish objective is set at 45.568 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 47.059 EUR. If there is any crossing, the next objective would be the resistance located at 48.950 EUR.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

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.

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

Additional analysis

Quotes

STMICROELECTRONICS rating 44.300 EUR. The price registered an increase of +1.69% on the session and was between 43.350 EUR and 44.305 EUR. This implies that the price is at +2.19% from its lowest and at -0.01% from its highest.

43.350

44.305

44.300

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

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:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of STMICROELECTRONICS in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

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 has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	38.615	41.805	44.142	44.300	45.568	47.059	48.950
Change (%)	-12.83%	-5.63%	-0.36%	-	+2.86%	+6.23%	+10.50%
Change	-5.685	-2.495	-0.158	-	+1.268	+2.759	+4.650
Level	Major	Intermediate	Intermediate	-	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	41.502	41.948	42.757	43.203	44.012	44.458	45.267
Camarilla	43.220	43.335	43.450	43.565	43.680	43.795	43.910
Woodie	41.683	42.039	42.938	43.294	44.193	44.549	45.448
Fibonacci	41.948	42.428	42.724	43.203	43.683	43.979	44.458

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.842	38.763	40.382	41.303	42.922	43.843	45.462
Camarilla	41.302	41.534	41.767	42.000	42.233	42.466	42.699
Woodie	38.190	38.938	40.730	41.478	43.270	44.018	45.810
Fibonacci	38.763	39.734	40.333	41.303	42.274	42.873	43.843

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.030	35.140	37.855	39.965	42.680	44.790	47.505
Camarilla	39.243	39.685	40.128	40.570	41.012	41.455	41.897
Woodie	33.333	35.291	38.158	40.116	42.983	44.941	47.808
Fibonacci	35.140	36.983	38.122	39.965	41.808	42.947	44.790

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.22
MACD (12,26,9):	0.5190
Directional Movement:	9.990
AROON (14):	78.571
DEMA (21):	41.984
Parabolic SAR (0,02-0,02-0,2):	39.429
Elder Ray (13):	1.844
Super Trend (3,10):	40.223
Zig ZAG (10):	44.240
VORTEX (21):	1.1720
Stochastique (14,3,5):	97.66
TEMA (21):	43.109
Williams %R (14):	-0.73
Chande Momentum Oscillator (20):	4.995
Repulse (5,40,3):	6.6860
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	11.24

MA7:	42.571
MA20:	41.126
MA50:	42.283
MA100:	43.399
MAexp7:	42.728
MAexp20:	41.617
MAexp50:	41.862
MAexp100:	41.620
Price / MA7:	+4.06%
Price / MA20:	+7.72%
Price / MA50:	+4.77%
Price / MA100:	+2.08%
Price / MAexp7:	+3.68%
Price / MAexp20:	+6.45%
Price / MAexp50:	+5.82%
Price / MAexp100:	+6.44%

Quotes : - 15 min delayed data - Italy Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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