STMICROELECTRONICS NV (STM.PA) Stock Technical Analysis
Europe - EPA:STM - NL0000226223 - Common Stock
We assign a technical rating of 10 out of 10 to STM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STM is showing a nice and steady performance.
Besides having an excellent technical rating, STM also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 45.71, a Stop Loss order could be placed below this zone.
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28.89
5 important support areas can be observed.
- A support zone ranging from 45.56 to 45.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 44.22 to 44.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.41 to 35.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @34.79 from a trend line in the weekly time frame.
- Support @29.18 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @46.27 from a horizontal line in the weekly time frame.
- Resistance @47.05 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for STM.PA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STM.PA is up. |
| ChartMill Relative Strength | 97.64 | POSITIVE | STM.PA has a high relative strength, it outperformed 97.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STM.PA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STM.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STM.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.19 | NEUTRAL | The RSI value for STM.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests STM.PA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 89.54 | OVERBOUGHT | The high Stochastics value suggests STM.PA may be overbought. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for STM.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.22 | POSITIVE | The high ADX value value for STM.PA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.28 | 45.55 | 0.73 (1.58%) | 25.00% |
| An entry @46.28. This is a Buy Stop order right above the resistance zone. | An exit @45.55. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.73 points, which is 1.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.39%. |
- The distance between exit and entry is rather small compared to the average daily movement of STM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EPA:STM (3/10/2023, 7:00:00 PM)
46.26
-0.78 (-1.66%)
STMICROELECTRONICS NV / STM.PA FAQ
What is the ChartMill technical rating of STMICROELECTRONICS NV (STM.PA) stock?
ChartMill assigns a technical rating of 9 / 10 to STM.PA.
What is the current trend direction of STMICROELECTRONICS NV (STM.PA) stock?
The current trend direction for STMICROELECTRONICS NV (STM.PA) is Bullish.
What is the RSI signal for STMICROELECTRONICS NV (STM.PA) stock?
STMICROELECTRONICS NV (STM.PA) has an RSI value of 58.1948. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for STMICROELECTRONICS NV?
The buy/sell signal for STMICROELECTRONICS NV (STM.PA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for STM stock?
STMICROELECTRONICS NV (STM.PA) has a support level at 45.71 and a resistance level at 46.27. Check the full technical report for our detailed analysis of STM.PA support and resistance levels.