MEDIANTECHNOLOGIES - 1H - Technical analysis published on 08/26/2024 (GMT)
- 132
- 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 bearish
Underlying:
Slightly bullish
Technical indicators
11%
61%
28%
My opinion
Bearish under 6.87 EUR
My targets
6.19 EUR (-8.07%)
5.98 EUR (-11.14%)
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 6.87 EUR. The next bearish objective for sellers is set at 6.19 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.98 EUR. In case of crossing, the next objective would be the support located at 5.07 EUR. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 6.19 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2
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 6.73 EUR. The price is lower by -3.44% since the last closing and was traded between 6.72 EUR and 6.92 EUR over the period. The price is currently at +0.15% from its lowest and -2.75% from its highest.6.72
6.92
6.73
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
A technical analysis in 1H of this MEDIANTECHNOLOGIES chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
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 support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.31 | 5.07 | 5.98 | 6.73 | 6.75 | 7.73 | 11.79 |
| Change (%) | -35.96% | -24.67% | -11.14% | - | +0.30% | +14.86% | +75.19% |
| Change | -2.42 | -1.66 | -0.75 | - | +0.02 | +1.00 | +5.06 |
| Level | Intermediate | Major | Major | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.29 | 6.52 | 6.75 | 6.98 | 7.21 | 7.44 | 7.67 |
| Camarilla | 6.84 | 6.89 | 6.93 | 6.97 | 7.01 | 7.05 | 7.10 |
| Woodie | 6.28 | 6.52 | 6.74 | 6.98 | 7.20 | 7.44 | 7.66 |
| Fibonacci | 6.52 | 6.70 | 6.81 | 6.98 | 7.16 | 7.27 | 7.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.10 | 4.99 | 5.98 | 6.87 | 7.86 | 8.75 | 9.74 |
| Camarilla | 6.45 | 6.63 | 6.80 | 6.97 | 7.14 | 7.32 | 7.49 |
| Woodie | 4.15 | 5.02 | 6.03 | 6.90 | 7.91 | 8.78 | 9.79 |
| Fibonacci | 4.99 | 5.71 | 6.15 | 6.87 | 7.59 | 8.03 | 8.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.03 | 0.99 | 2.57 | 3.59 | 5.17 | 6.19 | 7.77 |
| Camarilla | 3.45 | 3.68 | 3.92 | 4.16 | 4.40 | 4.64 | 4.88 |
| Woodie | 0.26 | 1.13 | 2.86 | 3.73 | 5.46 | 6.33 | 8.06 |
| Fibonacci | 0.99 | 1.98 | 2.59 | 3.59 | 4.58 | 5.19 | 6.19 |
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): | 40.15 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -12.05 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 7.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.45 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 7.39 | |
| Zig ZAG (10): | 6.73 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 20.16 | |
| TEMA (21): | 6.88 | |
| Williams %R (14): | -94.67 | |
| Chande Momentum Oscillator (20): | -0.61 | |
| Repulse (5,40,3): | -2.6700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 8.03 |
| MA7: | 6.81 | |
| MA20: | 5.55 | |
| MA50: | 3.96 | |
| MA100: | 3.59 | |
| MAexp7: | 6.93 | |
| MAexp20: | 7.01 | |
| MAexp50: | 6.81 | |
| MAexp100: | 6.30 | |
| Price / MA7: | -1.17% | |
| Price / MA20: | +21.26% | |
| Price / MA50: | +69.95% | |
| Price / MA100: | +87.47% | |
| Price / MAexp7: | -2.89% | |
| Price / MAexp20: | -3.99% | |
| Price / MAexp50: | -1.17% | |
| Price / MAexp100: | +6.83% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on MEDIANTECHNOLOGIES at the time of the generation of this analysis 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.
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