MANITOU BF

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	MTU
ISIN:	FR0000038606

MANITOU BF - Daily - Technical analysis published on 06/13/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 22.76 EUR

My targets

23.63 EUR (+1.63%)

25.87 EUR (+11.27%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MANITOU BF as long as the price remains well above 22.76 EUR. The buyers' bullish objective is set at 23.63 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.87 EUR. If there is any crossing, the next objective would be the resistance located at 26.85 EUR.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.1

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.

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Additional analysis

Quotes

The MANITOU BF price is 23.25 EUR. On the day, this instrument gained +4.26% and was traded between 22.35 EUR and 23.45 EUR over the period. The price is currently at +4.03% from its lowest and -0.85% from its highest.

22.35

23.45

23.25

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MANITOU BF:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of MANITOU BF in Daily shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	20.24	21.29	22.76	23.25	23.63	25.87	26.85
Change (%)	-12.95%	-8.43%	-2.11%	-	+1.63%	+11.27%	+15.48%
Change	-3.01	-1.96	-0.49	-	+0.38	+2.62	+3.60
Level	Intermediate	Major	Minor	-	Major	Minor	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	21.63	21.77	22.03	22.17	22.43	22.57	22.83
Camarilla	22.19	22.23	22.26	22.30	22.34	22.37	22.41
Woodie	21.70	21.80	22.10	22.20	22.50	22.60	22.90
Fibonacci	21.77	21.92	22.01	22.17	22.32	22.41	22.57

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.08	21.37	21.63	21.92	22.18	22.47	22.73
Camarilla	21.75	21.80	21.85	21.90	21.95	22.00	22.05
Woodie	21.08	21.36	21.63	21.91	22.18	22.46	22.73
Fibonacci	21.37	21.58	21.71	21.92	22.13	22.26	22.47

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.97	20.09	20.72	21.84	22.47	23.59	24.22
Camarilla	20.87	21.03	21.19	21.35	21.51	21.67	21.83
Woodie	18.73	19.97	20.48	21.72	22.23	23.47	23.98
Fibonacci	20.09	20.76	21.17	21.84	22.51	22.92	23.59

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):	67.48
MACD (12,26,9):	0.1600
Directional Movement:	26.58
AROON (14):	57.14
DEMA (21):	22.09
Parabolic SAR (0,02-0,02-0,2):	21.34
Elder Ray (13):	0.86
Super Trend (3,10):	21.42
Zig ZAG (10):	23.25
VORTEX (21):	1.0800
Stochastique (14,3,5):	87.04
TEMA (21):	22.31
Williams %R (14):	-8.89
Chande Momentum Oscillator (20):	1.46
Repulse (5,40,3):	5.4900
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	4.31

MA7:	22.14
MA20:	21.80
MA50:	21.62
MA100:	23.08
MAexp7:	22.26
MAexp20:	21.94
MAexp50:	21.99
MAexp100:	22.14
Price / MA7:	+5.01%
Price / MA20:	+6.65%
Price / MA50:	+7.54%
Price / MA100:	+0.74%
Price / MAexp7:	+4.45%
Price / MAexp20:	+5.97%
Price / MAexp50:	+5.73%
Price / MAexp100:	+5.01%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on MANITOU BF at the time of the analysis were as follows:

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

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