MEDIANTECHNOLOGIES

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ALMDT
ISIN:	FR0011049824

MEDIANTECHNOLOGIES - Weekly - Technical analysis published on 08/07/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

83%

17%

My opinion

Bullish above 4.060 EUR

My targets

5.070 EUR (+12.67%)

6.187 EUR (+37.48%)

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 4.060 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 5.070 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.187 EUR as an objective. Crossing it would then enable buyers to target 7.731 EUR. Caution, a return under 4.060 EUR could jeopardize the reversal.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 4.500 EUR. The price registered an increase of +8.17% over 5 days with the lowest point at 3.600 EUR and the highest point at 4.560 EUR. The deviation from the price is +25.00% for the low point and -1.32% for the high point.

3.600

4.560

4.500

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a 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

Technical analysis of this Weekly chart of MEDIANTECHNOLOGIES indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Weekly

In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.958	2.260	3.818	4.500	5.070	7.731	11.787
Change (%)	-78.71%	-49.78%	-15.16%	-	+12.67%	+71.80%	+161.93%
Change	-3.542	-2.240	-0.682	-	+0.570	+3.231	+7.287
Level	Intermediate	Major	Major	-	Intermediate	Major	Minor

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	3.732	3.803	3.912	3.983	4.092	4.163	4.272
Camarilla	3.971	3.987	4.004	4.020	4.037	4.053	4.070
Woodie	3.750	3.813	3.930	3.993	4.110	4.173	4.290
Fibonacci	3.803	3.872	3.915	3.983	4.052	4.095	4.163

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):	61.64
MACD (12,26,9):	-0.0070
Directional Movement:	12.249
AROON (14):	7.143
DEMA (21):	3.321
Parabolic SAR (0,02-0,02-0,2):	2.104
Elder Ray (13):	0.610
Super Trend (3,10):	1.850
Zig ZAG (10):	4.515
VORTEX (21):	1.0600
Stochastique (14,3,5):	83.78
TEMA (21):	3.653
Williams %R (14):	-3.27
Chande Momentum Oscillator (20):	1.115
Repulse (5,40,3):	31.1410
ROCnROLL:	1
TRIX (15,9):	-0.8810
Courbe Coppock:	25.27

MA7:	4.124
MA20:	3.419
MA50:	3.148
MA100:	3.118
MAexp7:	3.696
MAexp20:	3.441
MAexp50:	4.019
MAexp100:	5.279
Price / MA7:	+9.12%
Price / MA20:	+31.62%
Price / MA50:	+42.95%
Price / MA100:	+44.32%
Price / MAexp7:	+21.75%
Price / MAexp20:	+30.78%
Price / MAexp50:	+11.97%
Price / MAexp100:	-14.76%

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:

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

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