STXE 600 UTIL EUR (PRICE) - Daily - Technical analysis published on 09/21/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 378.77 EUR
My targets
354.72 EUR (-1.03%)
342.81 EUR (-4.36%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on STXE 600 UTIL EUR (PRICE) as long as the price remains well below 378.77 EUR. The sellers' bearish objective is set at 354.72 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 342.81 EUR. In case of crossing, the next objective would be the support located at 311.67 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STXE 600 UTIL EUR (PRICE) price is 358.42 EUR. The price has increased by +1.72% since the last closing and was between 351.33 EUR and 358.63 EUR. This implies that the price is at +2.02% from its lowest and at -0.06% from its highest.351.33
358.63
358.42
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this STXE 600 UTIL EUR (PRICE) chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 311.67 | 342.81 | 354.72 | 358.42 | 359.72 | 378.77 | 390.23 |
| Change (%) | -13.04% | -4.36% | -1.03% | - | +0.36% | +5.68% | +8.88% |
| Change | -46.75 | -15.61 | -3.70 | - | +1.30 | +20.35 | +31.81 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 338.15 | 344.86 | 348.61 | 355.32 | 359.07 | 365.78 | 369.53 |
| Camarilla | 349.47 | 350.43 | 351.39 | 352.35 | 353.31 | 354.27 | 355.23 |
| Woodie | 336.66 | 344.12 | 347.12 | 354.58 | 357.58 | 365.04 | 368.04 |
| Fibonacci | 344.86 | 348.86 | 351.33 | 355.32 | 359.32 | 361.79 | 365.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 329.32 | 342.51 | 350.49 | 363.68 | 371.66 | 384.85 | 392.83 |
| Camarilla | 352.66 | 354.60 | 356.54 | 358.48 | 360.42 | 362.36 | 364.30 |
| Woodie | 326.73 | 341.21 | 347.90 | 362.38 | 369.07 | 383.55 | 390.24 |
| Fibonacci | 342.51 | 350.59 | 355.59 | 363.68 | 371.76 | 376.76 | 384.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 307.58 | 331.43 | 343.41 | 367.26 | 379.24 | 403.09 | 415.07 |
| Camarilla | 345.54 | 348.82 | 352.11 | 355.39 | 358.67 | 361.96 | 365.24 |
| Woodie | 301.65 | 328.46 | 337.48 | 364.29 | 373.31 | 400.12 | 409.14 |
| Fibonacci | 331.43 | 345.12 | 353.57 | 367.26 | 380.95 | 389.40 | 403.09 |
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): | 41.32 | |
| MACD (12,26,9): | -4.2700 | |
| Directional Movement: | -5.66 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 358.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 374.10 | |
| Elder Ray (13): | -6.74 | |
| Super Trend (3,10): | 371.45 | |
| Zig ZAG (10): | 357.99 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 18.97 | |
| TEMA (21): | 355.71 | |
| Williams %R (14): | -73.99 | |
| Chande Momentum Oscillator (20): | -1.74 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 2.63 |
| MA7: | 360.06 | |
| MA20: | 363.20 | |
| MA50: | 370.37 | |
| MA100: | 373.27 | |
| MAexp7: | 358.93 | |
| MAexp20: | 363.93 | |
| MAexp50: | 368.63 | |
| MAexp100: | 372.71 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | -1.32% | |
| Price / MA50: | -3.23% | |
| Price / MA100: | -3.98% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -1.51% | |
| Price / MAexp50: | -2.77% | |
| Price / MAexp100: | -3.83% |
Quotes :
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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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