MEDIANTECHNOLOGIES - 1H - Technical analysis published on 08/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
67%
11%
My opinion
Bearish under 4.060 EUR
My targets
3.740 EUR (-1.97%)
3.380 EUR (-11.40%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for MEDIANTECHNOLOGIES as long as the price remains well below 4.060 EUR. The next bearish objective for sellers is set at 3.740 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.380 EUR. In case of crossing, the next objective would be the support located at 3.150 EUR. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 3.740 EUR. With this support, against the trend traders who want to buy MEDIANTECHNOLOGIES on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.1
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Additional analysis
Quotes
MEDIANTECHNOLOGIES rating 3.815 EUR. On the day, this instrument lost -6.95% and was between 3.600 EUR and 4.080 EUR. This implies that the price is at +5.97% from its lowest and at -6.50% from its highest.3.600
4.080
3.815
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of MEDIANTECHNOLOGIES indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
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 | 2.260 | 2.943 | 3.150 | 3.815 | 3.818 | 4.308 | 4.613 |
| Change (%) | -40.76% | -22.86% | -17.43% | - | +0.08% | +12.92% | +20.92% |
| Change | -1.555 | -0.872 | -0.665 | - | +0.003 | +0.493 | +0.798 |
| Level | Major | Minor | Intermediate | - | Major | Major | 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 | 3.728 | 3.897 | 3.998 | 4.167 | 4.268 | 4.437 | 4.538 |
| Camarilla | 4.026 | 4.051 | 4.075 | 4.100 | 4.125 | 4.150 | 4.174 |
| Woodie | 3.695 | 3.880 | 3.965 | 4.150 | 4.235 | 4.420 | 4.505 |
| Fibonacci | 3.897 | 4.000 | 4.064 | 4.167 | 4.270 | 4.334 | 4.437 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.060 | 3.380 | 3.740 | 4.060 | 4.420 | 4.740 | 5.100 |
| Camarilla | 3.913 | 3.975 | 4.038 | 4.100 | 4.162 | 4.225 | 4.287 |
| Woodie | 3.080 | 3.390 | 3.760 | 4.070 | 4.440 | 4.750 | 5.120 |
| Fibonacci | 3.380 | 3.640 | 3.800 | 4.060 | 4.320 | 4.480 | 4.740 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.027 | 0.987 | 2.573 | 3.587 | 5.173 | 6.187 | 7.773 |
| Camarilla | 3.445 | 3.683 | 3.922 | 4.160 | 4.398 | 4.637 | 4.875 |
| Woodie | 0.260 | 1.130 | 2.860 | 3.730 | 5.460 | 6.330 | 8.060 |
| Fibonacci | 0.987 | 1.980 | 2.594 | 3.587 | 4.580 | 5.194 | 6.187 |
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): | 35.51 | |
| MACD (12,26,9): | -0.0560 | |
| Directional Movement: | -27.139 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 3.992 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.136 | |
| Elder Ray (13): | -0.204 | |
| Super Trend (3,10): | 4.220 | |
| Zig ZAG (10): | 3.820 | |
| VORTEX (21): | 0.8190 | |
| Stochastique (14,3,5): | 28.12 | |
| TEMA (21): | 3.885 | |
| Williams %R (14): | -70.07 | |
| Chande Momentum Oscillator (20): | -0.400 | |
| Repulse (5,40,3): | -1.1690 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0230 | |
| Courbe Coppock: | 13.31 |
| MA7: | 4.014 | |
| MA20: | 3.252 | |
| MA50: | 3.117 | |
| MA100: | 3.092 | |
| MAexp7: | 3.912 | |
| MAexp20: | 4.035 | |
| MAexp50: | 3.984 | |
| MAexp100: | 3.747 | |
| Price / MA7: | -4.96% | |
| Price / MA20: | +17.31% | |
| Price / MA50: | +22.39% | |
| Price / MA100: | +23.38% | |
| Price / MAexp7: | -2.48% | |
| Price / MAexp20: | -5.45% | |
| Price / MAexp50: | -4.24% | |
| Price / MAexp100: | +1.81% |
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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