MITHRA - Daily - Technical analysis published on 03/26/2024 (GMT)
- 80
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.3007 EUR
My targets
0.2327 EUR (-9.82%)
0.2040 EUR (-20.93%)
My analysis
The bearish trend is currently very strong for MITHRA. As long as the price remains below the resistance at 0.3007 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.2327 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.2040 EUR as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MITHRA price is 0.2580 EUR. On the day, this instrument gained +7.50% and was traded between 0.2450 EUR and 0.2700 EUR over the period. The price is currently at +5.31% from its lowest and -4.44% from its highest.0.2450
0.2700
0.2580
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of MITHRA in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|
ProTrendLines | 0.2040 | 0.2580 | 0.5238 | 1.1093 | 2.0250 |
Change (%) | -20.93% | - | +103.02% | +329.96% | +684.88% |
Change | -0.0540 | - | +0.2658 | +0.8513 | +1.7670 |
Level | Major | - | Major | Intermediate | Minor |
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 | 0.2203 | 0.2327 | 0.2453 | 0.2577 | 0.2703 | 0.2827 | 0.2953 |
Camarilla | 0.2511 | 0.2534 | 0.2557 | 0.2580 | 0.2603 | 0.2626 | 0.2649 |
Woodie | 0.2205 | 0.2328 | 0.2455 | 0.2578 | 0.2705 | 0.2828 | 0.2955 |
Fibonacci | 0.2327 | 0.2422 | 0.2481 | 0.2577 | 0.2672 | 0.2731 | 0.2827 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.2203 | 0.2327 | 0.2453 | 0.2577 | 0.2703 | 0.2827 | 0.2953 |
Camarilla | 0.2511 | 0.2534 | 0.2557 | 0.2580 | 0.2603 | 0.2626 | 0.2649 |
Woodie | 0.2205 | 0.2328 | 0.2455 | 0.2578 | 0.2705 | 0.2828 | 0.2955 |
Fibonacci | 0.2327 | 0.2422 | 0.2481 | 0.2577 | 0.2672 | 0.2731 | 0.2827 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -0.3393 | 0.0803 | 0.3007 | 0.7203 | 0.9407 | 1.3603 | 1.5807 |
Camarilla | 0.3450 | 0.4037 | 0.4623 | 0.5210 | 0.5797 | 0.6383 | 0.6970 |
Woodie | -0.4390 | 0.0305 | 0.2010 | 0.6705 | 0.8410 | 1.3105 | 1.4810 |
Fibonacci | 0.0803 | 0.3248 | 0.4759 | 0.7203 | 0.9648 | 1.1159 | 1.3603 |
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): | 26.78 | |
MACD (12,26,9): | -0.1141 | |
Directional Movement: | -21.3960 | |
AROON (14): | -28.5714 | |
DEMA (21): | 0.1579 | |
Parabolic SAR (0,02-0,02-0,2): | 0.3332 | |
Elder Ray (13): | -0.0102 | |
Super Trend (3,10): | 0.3444 | |
Zig ZAG (10): | 0.2580 | |
VORTEX (21): | 0.6811 | |
Stochastique (14,3,5): | 20.24 | |
TEMA (21): | 0.1743 | |
Williams %R (14): | -64.15 | |
Chande Momentum Oscillator (20): | -0.0420 | |
Repulse (5,40,3): | 6.3747 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -3.6068 | |
Courbe Coppock: | 85.09 |
MA7: | 0.2256 | |
MA20: | 0.3134 | |
MA50: | 0.6322 | |
MA100: | 0.9241 | |
MAexp7: | 0.2395 | |
MAexp20: | 0.3227 | |
MAexp50: | 0.5681 | |
MAexp100: | 0.8747 | |
Price / MA7: | +14.36% | |
Price / MA20: | -17.68% | |
Price / MA50: | -59.19% | |
Price / MA100: | -72.08% | |
Price / MAexp7: | +7.72% | |
Price / MAexp20: | -20.05% | |
Price / MAexp50: | -54.59% | |
Price / MAexp100: | -70.50% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on MITHRA at the time of the analysis were as follows:
- Mithra updates on cash position
- Mithra and Rafa Laboratories sign binding Head of Terms to commercialize DONESTA® in Israel
- Mithra Completes Pediatric Study of ESTELLE® in Adolescent Patients
- Mithra Receives Positive DSMB Opinion on DONESTA® European Phase 3 Trial
- Mithra receives guidance from the FDA for the DONESTA® NDA marketing authorization filing in the United States
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
Add a comment
Comments
0 comments on the analysis MITHRA - Daily