STXE 600 MEDIA EUR (PRICE) - 1H - Technical analysis published on 09/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 367.11 EUR
My targets
373.88 EUR (+0.34%)
377.80 EUR (+1.39%)
My analysis
The basic bullish trend is very strong on STXE 600 MEDIA 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 367.11 EUR. Crossing the first resistance at 373.88 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 377.80 EUR as an objective. Caution, a return to below 367.11 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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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 MEDIA EUR (PRICE) price is 372.63 EUR. On the day, this instrument lost -0.02% with the lowest point at 371.52 EUR and the highest point at 372.63 EUR. The deviation from the price is +0.30% for the low point and 0% for the high point.371.52
372.63
372.63
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this STXE 600 MEDIA EUR (PRICE) chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 350.32 | 356.55 | 367.11 | 372.63 | 373.88 | 377.80 |
| Change (%) | -5.99% | -4.32% | -1.48% | - | +0.34% | +1.39% |
| Change | -22.31 | -16.08 | -5.52 | - | +1.25 | +5.17 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate |
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 | 368.63 | 369.48 | 371.09 | 371.94 | 373.55 | 374.40 | 376.01 |
| Camarilla | 372.02 | 372.25 | 372.48 | 372.70 | 372.93 | 373.15 | 373.38 |
| Woodie | 369.01 | 369.67 | 371.47 | 372.13 | 373.93 | 374.59 | 376.39 |
| Fibonacci | 369.48 | 370.42 | 371.00 | 371.94 | 372.88 | 373.46 | 374.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 356.30 | 361.00 | 368.40 | 373.10 | 380.50 | 385.20 | 392.60 |
| Camarilla | 372.47 | 373.58 | 374.69 | 375.80 | 376.91 | 378.02 | 379.13 |
| Woodie | 357.65 | 361.68 | 369.75 | 373.78 | 381.85 | 385.88 | 393.95 |
| Fibonacci | 361.00 | 365.62 | 368.48 | 373.10 | 377.72 | 380.58 | 385.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 329.73 | 338.90 | 348.71 | 357.88 | 367.69 | 376.86 | 386.67 |
| Camarilla | 353.31 | 355.05 | 356.79 | 358.53 | 360.27 | 362.01 | 363.75 |
| Woodie | 330.06 | 339.06 | 349.04 | 358.04 | 368.02 | 377.02 | 387.00 |
| Fibonacci | 338.90 | 346.15 | 350.63 | 357.88 | 365.13 | 369.61 | 376.86 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.41 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | 0.76 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 372.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 370.47 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 374.44 | |
| Zig ZAG (10): | 372.07 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 59.50 | |
| TEMA (21): | 371.45 | |
| Williams %R (14): | -25.20 | |
| Chande Momentum Oscillator (20): | 0.74 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.70 |
| MA7: | 371.58 | |
| MA20: | 364.02 | |
| MA50: | 361.65 | |
| MA100: | 356.61 | |
| MAexp7: | 372.10 | |
| MAexp20: | 372.22 | |
| MAexp50: | 371.26 | |
| MAexp100: | 368.51 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +2.37% | |
| Price / MA50: | +3.04% | |
| Price / MA100: | +4.49% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +1.12% |
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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