MEDIANTECHNOLOGIES - Weekly - Technical analysis published on 02/05/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 4.185 EUR
My targets
2.957 EUR (-22.19%)
2.260 EUR (-40.53%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MEDIANTECHNOLOGIES as long as the price remains well below 4.185 EUR. The sellers' bearish objective is set at 2.957 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.260 EUR. In case of crossing, the next objective would be the support located at 0.958 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.7
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 MEDIANTECHNOLOGIES price is 3.800 EUR. Over 5 days, this instrument lost -5.82% and was traded between 3.800 EUR and 4.185 EUR over the period. The price is currently at 0% from its lowest point and -9.20% from its highest point.3.800
4.185
3.800
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MEDIANTECHNOLOGIES:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this MEDIANTECHNOLOGIES chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
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 : Weekly
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish doji star
Type : Bullish
Timeframe : Weekly
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.958 | 2.260 | 3.800 | 4.185 | 7.731 | 8.967 |
| Change (%) | -74.79% | -40.53% | - | +10.13% | +103.45% | +135.97% |
| Change | -2.842 | -1.540 | - | +0.385 | +3.931 | +5.167 |
| Level | Intermediate | Minor | - | 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 | 3.520 | 3.680 | 3.760 | 3.920 | 4.000 | 4.160 | 4.240 |
| Camarilla | 3.774 | 3.796 | 3.818 | 3.840 | 3.862 | 3.884 | 3.906 |
| Woodie | 3.480 | 3.660 | 3.720 | 3.900 | 3.960 | 4.140 | 4.200 |
| Fibonacci | 3.680 | 3.772 | 3.828 | 3.920 | 4.012 | 4.068 | 4.160 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.300 | 3.570 | 3.705 | 3.975 | 4.110 | 4.380 | 4.515 |
| Camarilla | 3.729 | 3.766 | 3.803 | 3.840 | 3.877 | 3.914 | 3.951 |
| Woodie | 3.233 | 3.536 | 3.638 | 3.941 | 4.043 | 4.346 | 4.448 |
| Fibonacci | 3.570 | 3.725 | 3.820 | 3.975 | 4.130 | 4.225 | 4.380 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.213 | 2.957 | 3.573 | 4.317 | 4.933 | 5.677 | 6.293 |
| Camarilla | 3.816 | 3.941 | 4.065 | 4.190 | 4.315 | 4.439 | 4.564 |
| Woodie | 2.150 | 2.925 | 3.510 | 4.285 | 4.870 | 5.645 | 6.230 |
| Fibonacci | 2.957 | 3.476 | 3.797 | 4.317 | 4.836 | 5.157 | 5.677 |
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): | 38.52 | |
| MACD (12,26,9): | -0.3380 | |
| Directional Movement: | -2.018 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 3.913 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.311 | |
| Elder Ray (13): | -0.398 | |
| Super Trend (3,10): | 5.234 | |
| Zig ZAG (10): | 3.820 | |
| VORTEX (21): | 0.9290 | |
| Stochastique (14,3,5): | 11.05 | |
| TEMA (21): | 4.047 | |
| Williams %R (14): | -93.26 | |
| Chande Momentum Oscillator (20): | -0.455 | |
| Repulse (5,40,3): | -11.7930 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9410 | |
| Courbe Coppock: | 16.51 |
| MA7: | 4.016 | |
| MA20: | 4.077 | |
| MA50: | 4.272 | |
| MA100: | 4.411 | |
| MAexp7: | 4.076 | |
| MAexp20: | 4.387 | |
| MAexp50: | 5.357 | |
| MAexp100: | 6.701 | |
| Price / MA7: | -5.38% | |
| Price / MA20: | -6.79% | |
| Price / MA50: | -11.05% | |
| Price / MA100: | -13.85% | |
| Price / MAexp7: | -6.77% | |
| Price / MAexp20: | -13.38% | |
| Price / MAexp50: | -29.06% | |
| Price / MAexp100: | -43.29% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on MEDIANTECHNOLOGIES at the time of the generation of this analysis was as follows:
- Median Technologies Reports 2023 Revenue and Summarizes 2024 Strategic Outlook
- Median Technologies: Disclosure of Total Number of Voting Rights and Number of Shares in the Capital as of July 31st, 2023
- Median Technologies: Financial Communication Schedule for the Second Half of 2023
- Portzamparc Groupe BNP Paribas Initiates the Coverage of Median Technologies with a “Strong Buy” Recommendation
- Median Technologies to Host Two Webcasts and Provide a Company Update on July 20, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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