MERLIN PROP.

- EUR (-)

- 15 min delayed data - Spain Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MRL
ISIN:	ES0105025003

MERLIN PROP. - Daily - Technical analysis published on 12/10/2019 (GMT)

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Timeframe : Daily
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 12.65 EUR

My targets

13.37 EUR (+2.77%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MERLIN PROP. as long as the price remains well above 12.65 EUR. The buyers” bullish objective is set at 13.37 EUR. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

7.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MERLIN PROP. rating is 13.01 EUR. The price has increased by +0.85% since the last closing and was traded between 12.81 EUR and 13.03 EUR over the period. The price is currently at +1.56% from its lowest and -0.15% from its highest.

12.81

13.03

13.01

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MERLIN PROP.:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of MERLIN PROP. in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	12.28	12.65	12.95	13.01	13.20	13.37
Change (%)	-5.61%	-2.77%	-0.46%	-	+1.46%	+2.77%
Change	-0.73	-0.36	-0.06	-	+0.19	+0.36
Level	Intermediate	Major	Major	-	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.64	12.73	12.81	12.90	12.98	13.07	13.15
Camarilla	12.85	12.87	12.88	12.90	12.92	12.93	12.95
Woodie	12.65	12.73	12.82	12.90	12.99	13.07	13.16
Fibonacci	12.73	12.79	12.83	12.90	12.96	13.00	13.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.49	12.62	12.79	12.92	13.09	13.22	13.39
Camarilla	12.89	12.92	12.94	12.97	13.00	13.03	13.05
Woodie	12.52	12.63	12.82	12.93	13.12	13.23	13.42
Fibonacci	12.62	12.73	12.80	12.92	13.03	13.10	13.22

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.69	12.13	12.55	12.99	13.41	13.85	14.27
Camarilla	12.73	12.81	12.89	12.97	13.05	13.13	13.21
Woodie	11.68	12.13	12.54	12.99	13.40	13.85	14.26
Fibonacci	12.13	12.46	12.66	12.99	13.32	13.52	13.85

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):	53.67
MACD (12,26,9):	-0.0100
Directional Movement:	2.70
AROON (14):	-28.57
DEMA (21):	12.91
Parabolic SAR (0,02-0,02-0,2):	13.12
Elder Ray (13):	0.01
Super Trend (3,10):	13.36
Zig ZAG (10):	13.02
VORTEX (21):	1.0100
Stochastique (14,3,5):	53.32
TEMA (21):	12.86
Williams %R (14):	-20.75
Chande Momentum Oscillator (20):	0.37
Repulse (5,40,3):	1.5300
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	1.80

MA7:	12.90
MA20:	12.93
MA50:	12.96
MA100:	12.52
MAexp7:	12.92
MAexp20:	12.92
MAexp50:	12.84
MAexp100:	12.61
Price / MA7:	+0.85%
Price / MA20:	+0.62%
Price / MA50:	+0.39%
Price / MA100:	+3.91%
Price / MAexp7:	+0.70%
Price / MAexp20:	+0.70%
Price / MAexp50:	+1.32%
Price / MAexp100:	+3.17%

This member declared not having a position on this financial instrument or a related financial instrument.

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