MEDIANTECHNOLOGIES

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ALMDT
ISIN:	FR0011049824

MEDIANTECHNOLOGIES - Daily - Technical analysis published on 07/19/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

50%

17%

33%

My opinion

Bullish above 2.990 EUR

My targets

3.375 EUR (+8.87%)

3.868 EUR (+24.77%)

My analysis

The strong short-term increase in MEDIANTECHNOLOGIES calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 2.990 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 3.375 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.868 EUR as an objective. Crossing it would then enable buyers to target 4.308 EUR. Caution, a return under 2.990 EUR could jeopardize the reversal.

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

1.8

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.

This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

MEDIANTECHNOLOGIES rating 3.100 EUR. The price has increased by +52.33% since the last closing and was traded between 2.365 EUR and 3.480 EUR over the period. The price is currently at +31.08% from its lowest and -10.92% from its highest.

2.365

3.480

3.100

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on MEDIANTECHNOLOGIES were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this MEDIANTECHNOLOGIES chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

White morning star

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.958	2.260	2.605	3.100	3.868	4.308	5.070
Change (%)	-69.10%	-27.10%	-15.97%	-	+24.77%	+38.97%	+63.55%
Change	-2.142	-0.840	-0.495	-	+0.768	+1.208	+1.970
Level	Intermediate	Major	Minor	-	Intermediate	Minor	Intermediate

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	1.843	1.922	1.978	2.057	2.113	2.192	2.248
Camarilla	1.998	2.010	2.023	2.035	2.047	2.060	2.072
Woodie	1.833	1.916	1.968	2.051	2.103	2.186	2.238
Fibonacci	1.922	1.973	2.005	2.057	2.108	2.140	2.192

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.670	2.000	2.185	2.515	2.700	3.030	3.215
Camarilla	2.228	2.276	2.323	2.370	2.417	2.464	2.512
Woodie	1.598	1.964	2.113	2.479	2.628	2.994	3.143
Fibonacci	2.000	2.197	2.318	2.515	2.712	2.833	3.030

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.145	1.875	2.260	2.990	3.375	4.105	4.490
Camarilla	2.338	2.441	2.543	2.645	2.747	2.849	2.952
Woodie	0.973	1.789	2.088	2.904	3.203	4.019	4.318
Fibonacci	1.875	2.301	2.564	2.990	3.416	3.679	4.105

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):	58.19
MACD (12,26,9):	-0.1660
Directional Movement:	22.898
AROON (14):	7.143
DEMA (21):	2.368
Parabolic SAR (0,02-0,02-0,2):	2.000
Elder Ray (13):	0.420
Super Trend (3,10):	2.039
Zig ZAG (10):	2.985
VORTEX (21):	0.8270
Stochastique (14,3,5):	26.34
TEMA (21):	2.319
Williams %R (14):	-32.43
Chande Momentum Oscillator (20):	0.380
Repulse (5,40,3):	8.2000
ROCnROLL:	1
TRIX (15,9):	-0.9090
Courbe Coppock:	25.82

MA7:	2.358
MA20:	2.604
MA50:	2.995
MA100:	3.017
MAexp7:	2.467
MAexp20:	2.588
MAexp50:	2.846
MAexp100:	3.118
Price / MA7:	+31.47%
Price / MA20:	+19.05%
Price / MA50:	+3.51%
Price / MA100:	+2.75%
Price / MAexp7:	+25.66%
Price / MAexp20:	+19.78%
Price / MAexp50:	+8.92%
Price / MAexp100:	-0.58%

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:

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

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