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 08/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 45.509 EUR

My targets

41.751 EUR (-4.28%)

38.565 EUR (-11.59%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on STMICROELECTRONICS as long as the price remains well below 45.509 EUR. The sellers' bearish objective is set at 41.751 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 38.565 EUR. In case of crossing, the next objective would be the support located at 35.676 EUR.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

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

The STMICROELECTRONICS price is 43.620 EUR. The price registered an increase of +2.48% on the session and was traded between 43.005 EUR and 43.735 EUR over the period. The price is currently at +1.43% from its lowest and -0.26% from its highest.

43.005

43.735

43.620

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by STMICROELECTRONICS:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of STMICROELECTRONICS indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from 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.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	35.676	38.565	41.751	43.620	44.085	45.509	48.887
Change (%)	-18.21%	-11.59%	-4.28%	-	+1.07%	+4.33%	+12.07%
Change	-7.944	-5.055	-1.869	-	+0.465	+1.889	+5.267
Level	Minor	Major	Intermediate	-	Minor	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	41.580	41.875	42.220	42.515	42.860	43.155	43.500
Camarilla	42.389	42.448	42.506	42.565	42.624	42.682	42.741
Woodie	41.605	41.888	42.245	42.528	42.885	43.168	43.525
Fibonacci	41.875	42.120	42.271	42.515	42.760	42.911	43.155

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.193	40.477	41.303	42.587	43.413	44.697	45.523
Camarilla	41.550	41.743	41.937	42.130	42.323	42.517	42.710
Woodie	38.965	40.363	41.075	42.473	43.185	44.583	45.295
Fibonacci	40.477	41.283	41.781	42.587	43.393	43.891	44.697

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):	44.59
MACD (12,26,9):	-0.8340
Directional Movement:	-5.905
AROON (14):	-85.714
DEMA (21):	43.575
Parabolic SAR (0,02-0,02-0,2):	45.476
Elder Ray (13):	-0.538
Super Trend (3,10):	45.564
Zig ZAG (10):	43.645
VORTEX (21):	0.8880
Stochastique (14,3,5):	14.59
TEMA (21):	42.487
Williams %R (14):	-72.47
Chande Momentum Oscillator (20):	-2.940
Repulse (5,40,3):	1.0640
ROCnROLL:	2
TRIX (15,9):	-0.1400
Courbe Coppock:	19.22

MA7:	42.915
MA20:	45.373
MA50:	45.230
MA100:	43.709
MAexp7:	43.232
MAexp20:	44.427
MAexp50:	44.642
MAexp100:	43.882
Price / MA7:	+1.64%
Price / MA20:	-3.86%
Price / MA50:	-3.56%
Price / MA100:	-0.20%
Price / MAexp7:	+0.90%
Price / MAexp20:	-1.82%
Price / MAexp50:	-2.29%
Price / MAexp100:	-0.60%

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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