MAUREL ET PROM - 15 min. - Technical analysis published on 04/18/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 6.320 EUR
My targets
6.210 EUR (-1.35%)
6.150 EUR (-2.30%)
My analysis
The basic trend is bearish on MAUREL ET PROM and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 6.320 EUR. Buyers would then use the next resistance located at 6.370 EUR as an objective. Crossing it would then enable buyers to target 6.495 EUR. If there is a return to below the support located at 6.210 EUR, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 6.150 EUR and 6.100 EUR by extension.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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Additional analysis
Quotes
MAUREL ET PROM rating 6.295 EUR. The price has increased by +1.53% since the last closing and was traded between 6.215 EUR and 6.350 EUR over the period. The price is currently at +1.29% from its lowest and -0.87% from its highest.6.215
6.350
6.295
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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
Technical
Technical analysis of this 15 min. chart of MAUREL ET PROM indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Aroon indicator bullish trend
Type : Bullish
Timeframe : 15 minutes
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
Bearish harami cross
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.832 | 6.020 | 6.120 | 6.295 | 6.340 | 6.495 | 6.630 |
| Change (%) | -7.36% | -4.37% | -2.78% | - | +0.71% | +3.18% | +5.32% |
| Change | -0.463 | -0.275 | -0.175 | - | +0.045 | +0.200 | +0.335 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.040 | 6.100 | 6.150 | 6.210 | 6.260 | 6.320 | 6.370 |
| Camarilla | 6.170 | 6.180 | 6.190 | 6.200 | 6.210 | 6.220 | 6.230 |
| Woodie | 6.035 | 6.098 | 6.145 | 6.208 | 6.255 | 6.318 | 6.365 |
| Fibonacci | 6.100 | 6.142 | 6.168 | 6.210 | 6.252 | 6.278 | 6.320 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.488 | 5.712 | 6.113 | 6.337 | 6.738 | 6.962 | 7.363 |
| Camarilla | 6.343 | 6.400 | 6.458 | 6.515 | 6.572 | 6.630 | 6.687 |
| Woodie | 5.578 | 5.756 | 6.203 | 6.381 | 6.828 | 7.006 | 7.453 |
| Fibonacci | 5.712 | 5.950 | 6.098 | 6.337 | 6.575 | 6.723 | 6.962 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.050 | 4.375 | 4.985 | 5.310 | 5.920 | 6.245 | 6.855 |
| Camarilla | 5.338 | 5.424 | 5.509 | 5.595 | 5.681 | 5.766 | 5.852 |
| Woodie | 4.193 | 4.446 | 5.128 | 5.381 | 6.063 | 6.316 | 6.998 |
| Fibonacci | 4.375 | 4.732 | 4.953 | 5.310 | 5.667 | 5.888 | 6.245 |
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): | 46.72 | |
| MACD (12,26,9): | -0.0080 | |
| Directional Movement: | 6.346 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 6.190 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.171 | |
| Elder Ray (13): | -0.001 | |
| Super Trend (3,10): | 6.245 | |
| Zig ZAG (10): | 6.200 | |
| VORTEX (21): | 0.8670 | |
| Stochastique (14,3,5): | 49.16 | |
| TEMA (21): | 6.203 | |
| Williams %R (14): | -55.56 | |
| Chande Momentum Oscillator (20): | 0.000 | |
| Repulse (5,40,3): | 0.1820 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0260 | |
| Courbe Coppock: | 0.11 |
| MA7: | 6.306 | |
| MA20: | 5.924 | |
| MA50: | 5.488 | |
| MA100: | 5.642 | |
| MAexp7: | 6.213 | |
| MAexp20: | 6.204 | |
| MAexp50: | 6.239 | |
| MAexp100: | 6.282 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | +6.26% | |
| Price / MA50: | +14.70% | |
| Price / MA100: | +11.57% | |
| Price / MAexp7: | +1.32% | |
| Price / MAexp20: | +1.47% | |
| Price / MAexp50: | +0.90% | |
| Price / MAexp100: | +0.21% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on MAUREL ET PROM. At the time of publication of this analysis, the latest news was as follows:
- Maurel & Prom: Share Purchase Agreement Signed for the Acquisition of Assala
- Maurel & Prom: Results for the First Half of 2023
- Maurel & Prom: Activity in the First Half of 2023
- Maurel & Prom: Biannual update on the liquidity agreement
- Maurel & Prom: Possible offer for Assala Energy Holdings Ltd
This member declared not having a position on this financial instrument or a related financial instrument.
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