STXE 600 BANKS EUR (PRICE) - 1H - Technical analysis published on 08/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 157.76 EUR
My targets
160.79 EUR (+1.05%)
162.76 EUR (+2.29%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 157.76 EUR remains possible. It is advisable to trade STXE 600 BANKS EUR (PRICE) with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 157.76 EUR. The next bullish objective for buyers is set at 160.79 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 162.76 EUR. If there is any crossing, the next objective would be the resistance located at 164.03 EUR. PS: if there is a bearish break in the support located at 157.76 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.2
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Additional analysis
Quotes
STXE 600 BANKS EUR (PRICE) rating 159.12 EUR. On the day, this instrument lost -0.05% and was traded between 159.12 EUR and 161.07 EUR over the period. The price is currently at 0% from its lowest and -1.21% from its highest.159.12
161.07
159.12
Here is a more detailed summary of the historical variations registered by STXE 600 BANKS EUR (PRICE):
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of STXE 600 BANKS EUR (PRICE) in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
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 | 155.04 | 156.43 | 157.76 | 159.12 | 159.23 | 160.79 | 162.76 |
| Change (%) | -2.56% | -1.69% | -0.85% | - | +0.07% | +1.05% | +2.29% |
| Change | -4.08 | -2.69 | -1.36 | - | +0.11 | +1.67 | +3.64 |
| Level | Major | Minor | Major | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 156.86 | 157.45 | 158.32 | 158.91 | 159.78 | 160.37 | 161.24 |
| Camarilla | 158.80 | 158.93 | 159.07 | 159.20 | 159.33 | 159.47 | 159.60 |
| Woodie | 157.01 | 157.52 | 158.47 | 158.98 | 159.93 | 160.44 | 161.39 |
| Fibonacci | 157.45 | 158.00 | 158.35 | 158.91 | 159.46 | 159.81 | 160.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.37 | 153.86 | 154.79 | 156.28 | 157.21 | 158.70 | 159.63 |
| Camarilla | 155.06 | 155.28 | 155.50 | 155.72 | 155.94 | 156.16 | 156.39 |
| Woodie | 152.09 | 153.72 | 154.51 | 156.14 | 156.93 | 158.56 | 159.35 |
| Fibonacci | 153.86 | 154.78 | 155.36 | 156.28 | 157.20 | 157.78 | 158.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 141.75 | 146.62 | 155.32 | 160.19 | 168.89 | 173.76 | 182.46 |
| Camarilla | 160.28 | 161.52 | 162.77 | 164.01 | 165.25 | 166.50 | 167.74 |
| Woodie | 143.66 | 147.58 | 157.23 | 161.15 | 170.80 | 174.72 | 184.37 |
| Fibonacci | 146.62 | 151.81 | 155.01 | 160.19 | 165.38 | 168.58 | 173.76 |
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): | 53.13 | |
| MACD (12,26,9): | 0.6300 | |
| Directional Movement: | 18.74 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 160.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 160.94 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 158.47 | |
| Zig ZAG (10): | 159.12 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 35.82 | |
| TEMA (21): | 160.13 | |
| Williams %R (14): | -83.69 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | -0.4900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.50 |
| MA7: | 157.10 | |
| MA20: | 158.32 | |
| MA50: | 157.76 | |
| MA100: | 154.23 | |
| MAexp7: | 159.58 | |
| MAexp20: | 159.12 | |
| MAexp50: | 158.17 | |
| MAexp100: | 157.99 | |
| Price / MA7: | +1.29% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | +0.86% | |
| Price / MA100: | +3.17% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +0.72% |
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.
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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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