STMICROELECTRONICS - 1H - Technical analysis published on 08/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 45.509 EUR
My targets
44.413 EUR (-0.80%)
43.230 EUR (-3.44%)
My analysis
The bearish trend is currently very strong for STMICROELECTRONICS. As long as the price remains below the resistance at 45.509 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 44.413 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 43.230 EUR as an objective. Crossing it would then enable sellers to target 38.565 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
STMICROELECTRONICS rating 44.770 EUR. On the day, this instrument lost -0.43% and was between 44.625 EUR and 45.360 EUR. This implies that the price is at +0.32% from its lowest and at -1.30% from its highest.44.625
45.360
44.770
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this STMICROELECTRONICS chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being 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 does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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 horizontal support
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 38.565 | 43.230 | 44.413 | 44.770 | 45.509 | 47.733 | 48.887 |
| Change (%) | -13.86% | -3.44% | -0.80% | - | +1.65% | +6.62% | +9.20% |
| Change | -6.205 | -1.540 | -0.357 | - | +0.739 | +2.963 | +4.117 |
| Level | Major | Minor | Major | - | 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 | 43.907 | 44.428 | 44.697 | 45.218 | 45.487 | 46.008 | 46.277 |
| Camarilla | 44.748 | 44.820 | 44.893 | 44.965 | 45.037 | 45.110 | 45.182 |
| Woodie | 43.780 | 44.365 | 44.570 | 45.155 | 45.360 | 45.945 | 46.150 |
| Fibonacci | 44.428 | 44.730 | 44.917 | 45.218 | 45.520 | 45.707 | 46.008 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.820 | 42.410 | 43.915 | 46.505 | 48.010 | 50.600 | 52.105 |
| Camarilla | 44.294 | 44.669 | 45.045 | 45.420 | 45.795 | 46.171 | 46.546 |
| Woodie | 39.278 | 42.139 | 43.373 | 46.234 | 47.468 | 50.329 | 51.563 |
| Fibonacci | 42.410 | 43.974 | 44.941 | 46.505 | 48.069 | 49.036 | 50.600 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.370 | 39.560 | 44.100 | 47.290 | 51.830 | 55.020 | 59.560 |
| Camarilla | 46.514 | 47.223 | 47.931 | 48.640 | 49.349 | 50.057 | 50.766 |
| Woodie | 37.045 | 39.898 | 44.775 | 47.628 | 52.505 | 55.358 | 60.235 |
| Fibonacci | 39.560 | 42.513 | 44.337 | 47.290 | 50.243 | 52.067 | 55.020 |
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): | 32.10 | |
| MACD (12,26,9): | -0.4590 | |
| Directional Movement: | -15.450 | |
| AROON (14): | -100.000 | |
| DEMA (21): | 44.702 | |
| Parabolic SAR (0,02-0,02-0,2): | 45.235 | |
| Elder Ray (13): | -0.353 | |
| Super Trend (3,10): | 45.859 | |
| Zig ZAG (10): | 44.705 | |
| VORTEX (21): | 0.8140 | |
| Stochastique (14,3,5): | 12.85 | |
| TEMA (21): | 44.727 | |
| Williams %R (14): | -91.93 | |
| Chande Momentum Oscillator (20): | -0.635 | |
| Repulse (5,40,3): | -0.4900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1590 | |
| Courbe Coppock: | 2.48 |
| MA7: | 46.681 | |
| MA20: | 46.891 | |
| MA50: | 45.122 | |
| MA100: | 43.950 | |
| MAexp7: | 44.961 | |
| MAexp20: | 45.352 | |
| MAexp50: | 46.181 | |
| MAexp100: | 46.590 | |
| Price / MA7: | -4.09% | |
| Price / MA20: | -4.52% | |
| Price / MA50: | -0.78% | |
| Price / MA100: | +1.87% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -1.28% | |
| Price / MAexp50: | -3.06% | |
| Price / MAexp100: | -3.91% |
Quotes :
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15 min delayed data
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Italy Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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