MEDIANTECHNOLOGIES - Weekly - Technical analysis published on 05/06/2024 (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
28%
44%
28%
My opinion
Bearish under 3.675 EUR
My targets
3.000 EUR (-1.96%)
2.587 EUR (-15.47%)
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 3.675 EUR. The sellers' bearish objective is set at 3.000 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.587 EUR. In case of crossing, the next objective would be the support located at 2.260 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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Additional analysis
Quotes
The MEDIANTECHNOLOGIES rating is 3.060 EUR. Over 5 days, this instrument gained +11.27% with the lowest point at 2.600 EUR and the highest point at 3.085 EUR. The deviation from the price is +17.69% for the low point and -0.81% for the high point.2.600
3.085
3.060
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Weekly chart of MEDIANTECHNOLOGIES indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.958 | 2.260 | 3.060 | 5.070 | 7.731 | 8.967 |
| Change (%) | -68.69% | -26.14% | - | +65.69% | +152.65% | +193.04% |
| Change | -2.102 | -0.800 | - | +2.010 | +4.671 | +5.907 |
| Level | Intermediate | Major | - | Intermediate | 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 | 2.403 | 2.527 | 2.723 | 2.847 | 3.043 | 3.167 | 3.363 |
| Camarilla | 2.832 | 2.861 | 2.891 | 2.920 | 2.949 | 2.979 | 3.008 |
| Woodie | 2.440 | 2.545 | 2.760 | 2.865 | 3.080 | 3.185 | 3.400 |
| Fibonacci | 2.527 | 2.649 | 2.724 | 2.847 | 2.969 | 3.044 | 3.167 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.007 | 2.253 | 2.587 | 2.833 | 3.167 | 3.413 | 3.747 |
| Camarilla | 2.761 | 2.814 | 2.867 | 2.920 | 2.973 | 3.026 | 3.080 |
| Woodie | 2.050 | 2.275 | 2.630 | 2.855 | 3.210 | 3.435 | 3.790 |
| Fibonacci | 2.253 | 2.475 | 2.612 | 2.833 | 3.055 | 3.192 | 3.413 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.165 | 1.245 | 1.920 | 3.000 | 3.675 | 4.755 | 5.430 |
| Camarilla | 2.112 | 2.273 | 2.434 | 2.595 | 2.756 | 2.917 | 3.078 |
| Woodie | -0.038 | 1.144 | 1.718 | 2.899 | 3.473 | 4.654 | 5.228 |
| Fibonacci | 1.245 | 1.915 | 2.330 | 3.000 | 3.670 | 4.085 | 4.755 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.15 | |
| MACD (12,26,9): | -0.4290 | |
| Directional Movement: | -3.201 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 2.884 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.463 | |
| Elder Ray (13): | -0.229 | |
| Super Trend (3,10): | 3.922 | |
| Zig ZAG (10): | 3.035 | |
| VORTEX (21): | 0.8970 | |
| Stochastique (14,3,5): | 32.59 | |
| TEMA (21): | 2.895 | |
| Williams %R (14): | -64.94 | |
| Chande Momentum Oscillator (20): | -1.085 | |
| Repulse (5,40,3): | 1.2150 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.4820 | |
| Courbe Coppock: | 51.38 |
| MA7: | 2.905 | |
| MA20: | 3.140 | |
| MA50: | 3.102 | |
| MA100: | 3.687 | |
| MAexp7: | 3.106 | |
| MAexp20: | 3.472 | |
| MAexp50: | 4.468 | |
| MAexp100: | 5.870 | |
| Price / MA7: | +5.34% | |
| Price / MA20: | -2.55% | |
| Price / MA50: | -1.35% | |
| Price / MA100: | -17.01% | |
| Price / MAexp7: | -1.48% | |
| Price / MAexp20: | -11.87% | |
| Price / MAexp50: | -31.51% | |
| Price / MAexp100: | -47.87% |
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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