STX EU ENLARG TM EUR (PRICE) - 1H - Technical analysis published on 11/17/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 225.56 EUR
My targets
229.15 EUR (+1.07%)
235.81 EUR (+4.00%)
My analysis
The basic bullish trend is very strong on STX EU ENLARG TM EUR (PRICE) but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 225.56 EUR. Crossing the first resistance at 229.15 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 235.81 EUR as an objective. Crossing it would then enable buyers to target 245.20 EUR. Caution, a return to below 225.56 EUR would be a sign of a consolidation phase in the short-term basic trend. 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.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
4.3
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This analysis was given by Londinia.
Additional analysis
Quotes
The STX EU ENLARG TM EUR (PRICE) rating is 226.73 EUR. The price registered a decrease of -0.08% on the session with the lowest point at 226.01 EUR and the highest point at 227.20 EUR. The deviation from the price is +0.32% for the low point and -0.21% for the high point.226.01
227.20
226.73
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of STX EU ENLARG TM EUR (PRICE) indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 219.78 | 221.83 | 225.56 | 226.73 | 229.15 | 235.81 | 245.20 |
| Change (%) | -3.07% | -2.16% | -0.52% | - | +1.07% | +4.00% | +8.15% |
| Change | -6.95 | -4.90 | -1.17 | - | +2.42 | +9.08 | +18.47 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 223.73 | 224.82 | 225.87 | 226.96 | 228.01 | 229.10 | 230.15 |
| Camarilla | 226.32 | 226.52 | 226.71 | 226.91 | 227.11 | 227.30 | 227.50 |
| Woodie | 223.70 | 224.81 | 225.84 | 226.95 | 227.98 | 229.09 | 230.12 |
| Fibonacci | 224.82 | 225.64 | 226.15 | 226.96 | 227.78 | 228.29 | 229.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 214.90 | 216.90 | 218.75 | 220.75 | 222.60 | 224.60 | 226.45 |
| Camarilla | 219.55 | 219.90 | 220.26 | 220.61 | 220.96 | 221.32 | 221.67 |
| Woodie | 214.84 | 216.86 | 218.69 | 220.71 | 222.54 | 224.56 | 226.39 |
| Fibonacci | 216.90 | 218.37 | 219.28 | 220.75 | 222.22 | 223.13 | 224.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 181.32 | 189.37 | 203.75 | 211.80 | 226.18 | 234.23 | 248.61 |
| Camarilla | 211.95 | 214.01 | 216.06 | 218.12 | 220.18 | 222.23 | 224.29 |
| Woodie | 184.48 | 190.95 | 206.91 | 213.38 | 229.34 | 235.81 | 251.77 |
| Fibonacci | 189.37 | 197.94 | 203.24 | 211.80 | 220.37 | 225.67 | 234.23 |
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): | 53.85 | |
| MACD (12,26,9): | 0.4600 | |
| Directional Movement: | 7.30 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 227.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 227.91 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 225.27 | |
| Zig ZAG (10): | 226.73 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 32.68 | |
| TEMA (21): | 226.88 | |
| Williams %R (14): | -64.88 | |
| Chande Momentum Oscillator (20): | -0.81 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.08 |
| MA7: | 224.15 | |
| MA20: | 219.89 | |
| MA50: | 211.26 | |
| MA100: | 212.71 | |
| MAexp7: | 226.74 | |
| MAexp20: | 226.51 | |
| MAexp50: | 225.04 | |
| MAexp100: | 222.97 | |
| Price / MA7: | +1.15% | |
| Price / MA20: | +3.11% | |
| Price / MA50: | +7.32% | |
| Price / MA100: | +6.59% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.75% | |
| Price / MAexp100: | +1.69% |
Quotes :
-
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.
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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