MEDIANTECHNOLOGIES - Weekly - Technical analysis published on 07/23/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 4.490 EUR
My targets
3.375 EUR (-10.60%)
2.990 EUR (-20.79%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4.490 EUR remains possible. It is advisable to trade MEDIANTECHNOLOGIES with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 4.490 EUR. The next bearish objective for sellers is set at 3.375 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.990 EUR. In case of crossing, the next objective would be the support located at 2.260 EUR. PS: if there is a bullish break in the resistance located at 4.490 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
1.3
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MEDIANTECHNOLOGIES rating is 3.775 EUR. Over 5 days, this instrument gained +67.04% with the lowest point at 2.365 EUR and the highest point at 4.600 EUR. The deviation from the price is +59.62% for the low point and -17.93% for the high point.2.365
4.600
3.775
Here is a more detailed summary of the historical variations registered by MEDIANTECHNOLOGIES:
Abnormal volumes
Timeframe : 5 days
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 bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Weekly
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Weekly
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 : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.958 | 2.260 | 3.775 | 5.070 | 7.731 | 11.787 |
| Change (%) | -74.62% | -40.13% | - | +34.30% | +104.79% | +212.24% |
| Change | -2.817 | -1.515 | - | +1.295 | +3.956 | +8.012 |
| Level | Intermediate | Major | - | Intermediate | Major | Minor |
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): | 54.77 | |
| MACD (12,26,9): | -0.2140 | |
| Directional Movement: | 12.755 | |
| AROON (14): | 7.143 | |
| DEMA (21): | 2.893 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.000 | |
| Elder Ray (13): | 0.989 | |
| Super Trend (3,10): | 3.922 | |
| Zig ZAG (10): | 3.775 | |
| VORTEX (21): | 1.0070 | |
| Stochastique (14,3,5): | 46.05 | |
| TEMA (21): | 3.052 | |
| Williams %R (14): | -31.73 | |
| Chande Momentum Oscillator (20): | 0.855 | |
| Repulse (5,40,3): | -2.4270 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.1900 | |
| Courbe Coppock: | 0.89 |
| MA7: | 2.827 | |
| MA20: | 2.719 | |
| MA50: | 3.040 | |
| MA100: | 3.022 | |
| MAexp7: | 3.150 | |
| MAexp20: | 3.232 | |
| MAexp50: | 3.989 | |
| MAexp100: | 5.317 | |
| Price / MA7: | +33.53% | |
| Price / MA20: | +38.84% | |
| Price / MA50: | +24.18% | |
| Price / MA100: | +24.92% | |
| Price / MAexp7: | +19.84% | |
| Price / MAexp20: | +16.80% | |
| Price / MAexp50: | -5.36% | |
| Price / MAexp100: | -29.00% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on MEDIANTECHNOLOGIES. At the time of publication of this analysis, the latest news 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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