MEDIANTECHNOLOGIES - 1H - Technical analysis published on 07/22/2024 (GMT)
- 104
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 3.868 EUR
My targets
4.140 EUR (+5.08%)
4.308 EUR (+9.34%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MEDIANTECHNOLOGIES as long as the price remains well above 3.868 EUR. The buyers' bullish objective is set at 4.140 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.308 EUR. If there is any crossing, the next objective would be the resistance located at 4.613 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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
The MEDIANTECHNOLOGIES price is 3.940 EUR. On the day, this instrument gained +15.88% with the lowest point at 3.660 EUR and the highest point at 4.600 EUR. The deviation from the price is +7.65% for the low point and -14.35% for the high point.3.660
4.600
3.940
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 MEDIANTECHNOLOGIES:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this MEDIANTECHNOLOGIES chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.200 | 3.480 | 3.868 | 3.940 | 4.308 | 4.613 | 5.070 |
| Change (%) | -18.78% | -11.68% | -1.83% | - | +9.34% | +17.08% | +28.68% |
| Change | -0.740 | -0.460 | -0.072 | - | +0.368 | +0.673 | +1.130 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.593 | 3.127 | 3.533 | 4.067 | 4.473 | 5.007 | 5.413 |
| Camarilla | 3.682 | 3.768 | 3.854 | 3.940 | 4.026 | 4.112 | 4.199 |
| Woodie | 2.530 | 3.095 | 3.470 | 4.035 | 4.410 | 4.975 | 5.350 |
| Fibonacci | 3.127 | 3.486 | 3.708 | 4.067 | 4.426 | 4.648 | 5.007 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.520 | 1.260 | 2.330 | 3.070 | 4.140 | 4.880 | 5.950 |
| Camarilla | 2.902 | 3.068 | 3.234 | 3.400 | 3.566 | 3.732 | 3.898 |
| Woodie | 0.685 | 1.343 | 2.495 | 3.153 | 4.305 | 4.963 | 6.115 |
| Fibonacci | 1.260 | 1.951 | 2.379 | 3.070 | 3.761 | 4.189 | 4.880 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 68.17 | |
| MACD (12,26,9): | 0.4390 | |
| Directional Movement: | 32.700 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 4.046 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.890 | |
| Elder Ray (13): | 0.231 | |
| Super Trend (3,10): | 3.242 | |
| Zig ZAG (10): | 3.940 | |
| VORTEX (21): | 1.2110 | |
| Stochastique (14,3,5): | 65.49 | |
| TEMA (21): | 4.272 | |
| Williams %R (14): | -35.87 | |
| Chande Momentum Oscillator (20): | 0.890 | |
| Repulse (5,40,3): | -0.8950 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 2.3170 | |
| Courbe Coppock: | 92.17 |
| MA7: | 2.626 | |
| MA20: | 2.679 | |
| MA50: | 3.023 | |
| MA100: | 3.021 | |
| MAexp7: | 3.922 | |
| MAexp20: | 3.486 | |
| MAexp50: | 2.958 | |
| MAexp100: | 2.752 | |
| Price / MA7: | +50.04% | |
| Price / MA20: | +47.07% | |
| Price / MA50: | +30.33% | |
| Price / MA100: | +30.42% | |
| Price / MAexp7: | +0.46% | |
| Price / MAexp20: | +13.02% | |
| Price / MAexp50: | +33.20% | |
| Price / MAexp100: | +43.17% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on MEDIANTECHNOLOGIES at the time of the analysis were 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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis MEDIANTECHNOLOGIES - 1H