MEDIANTECHNOLOGIES - 1H - Technical analysis published on 07/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 3.868 EUR
My targets
4.140 EUR (+4.15%)
4.308 EUR (+8.38%)
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
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Additional analysis
Quotes
The MEDIANTECHNOLOGIES rating is 3.975 EUR. The price has increased by +8.76% since the last closing with the lowest point at 3.625 EUR and the highest point at 4.310 EUR. The deviation from the price is +9.66% for the low point and -7.77% for the high point.3.625
4.310
3.975
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead 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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of MEDIANTECHNOLOGIES in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is high 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 : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.787 | 3.200 | 3.868 | 3.975 | 4.308 | 4.613 | 5.070 |
| Change (%) | -29.89% | -19.50% | -2.69% | - | +8.38% | +16.05% | +27.55% |
| Change | -1.188 | -0.775 | -0.107 | - | +0.333 | +0.638 | +1.095 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | 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 | 2.760 | 2.955 | 3.305 | 3.500 | 3.850 | 4.045 | 4.395 |
| Camarilla | 3.505 | 3.555 | 3.605 | 3.655 | 3.705 | 3.755 | 3.805 |
| Woodie | 2.838 | 2.994 | 3.383 | 3.539 | 3.928 | 4.084 | 4.473 |
| Fibonacci | 2.955 | 3.163 | 3.292 | 3.500 | 3.708 | 3.837 | 4.045 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.69 | |
| MACD (12,26,9): | 0.1260 | |
| Directional Movement: | 19.699 | |
| AROON (14): | 64.285 | |
| DEMA (21): | 3.785 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.370 | |
| Elder Ray (13): | 0.253 | |
| Super Trend (3,10): | 3.538 | |
| Zig ZAG (10): | 3.940 | |
| VORTEX (21): | 1.1640 | |
| Stochastique (14,3,5): | 78.45 | |
| TEMA (21): | 3.828 | |
| Williams %R (14): | -28.88 | |
| Chande Momentum Oscillator (20): | 0.720 | |
| Repulse (5,40,3): | 2.9190 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1220 | |
| Courbe Coppock: | 19.68 |
| MA7: | 3.455 | |
| MA20: | 2.846 | |
| MA50: | 3.064 | |
| MA100: | 3.035 | |
| MAexp7: | 3.859 | |
| MAexp20: | 3.647 | |
| MAexp50: | 3.420 | |
| MAexp100: | 3.146 | |
| Price / MA7: | +15.05% | |
| Price / MA20: | +39.67% | |
| Price / MA50: | +29.73% | |
| Price / MA100: | +30.97% | |
| Price / MAexp7: | +3.01% | |
| Price / MAexp20: | +8.99% | |
| Price / MAexp50: | +16.23% | |
| Price / MAexp100: | +26.35% |
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.
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