MEDIANTECHNOLOGIES - 1H - Technical analysis published on 08/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
67%
17%
My opinion
Bearish under 6.87 EUR
My targets
6.71 EUR (-0.89%)
6.19 EUR (-8.61%)
My analysis
The strong short-term decrease of MEDIANTECHNOLOGIES should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 6.87 EUR, a sale could be considered. The first bearish objective is located at 6.71 EUR. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 6.19 EUR. If there is any crossing, the next objective would be support 5.98 EUR. Caution, if there is a return to above 6.87 EUR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.7
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MEDIANTECHNOLOGIES rating 6.77 EUR. The price registered a decrease of -1.60% on the session and was between 6.53 EUR and 6.85 EUR. This implies that the price is at +3.68% from its lowest and at -1.17% from its highest.6.53
6.85
6.77
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
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
A technical analysis in 1H of this MEDIANTECHNOLOGIES chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.07 | 5.98 | 6.71 | 6.77 | 7.40 | 7.73 | 9.89 |
| Change (%) | -25.11% | -11.67% | -0.89% | - | +9.31% | +14.18% | +46.09% |
| Change | -1.70 | -0.79 | -0.06 | - | +0.63 | +0.96 | +3.12 |
| Level | Major | Intermediate | Major | - | Minor | 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 | 6.37 | 6.59 | 6.73 | 6.95 | 7.09 | 7.31 | 7.45 |
| Camarilla | 6.78 | 6.81 | 6.85 | 6.88 | 6.91 | 6.95 | 6.98 |
| Woodie | 6.34 | 6.57 | 6.70 | 6.93 | 7.06 | 7.29 | 7.42 |
| Fibonacci | 6.59 | 6.72 | 6.81 | 6.95 | 7.08 | 7.17 | 7.31 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.31 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -22.74 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 6.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.30 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 7.13 | |
| Zig ZAG (10): | 6.71 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 17.56 | |
| TEMA (21): | 6.90 | |
| Williams %R (14): | -68.42 | |
| Chande Momentum Oscillator (20): | -0.44 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 6.98 |
| MA7: | 7.04 | |
| MA20: | 5.97 | |
| MA50: | 4.19 | |
| MA100: | 3.72 | |
| MAexp7: | 6.91 | |
| MAexp20: | 6.98 | |
| MAexp50: | 6.93 | |
| MAexp100: | 6.60 | |
| Price / MA7: | -3.84% | |
| Price / MA20: | +13.40% | |
| Price / MA50: | +61.58% | |
| Price / MA100: | +81.99% | |
| Price / MAexp7: | -2.03% | |
| Price / MAexp20: | -3.01% | |
| Price / MAexp50: | -2.31% | |
| Price / MAexp100: | +2.58% |
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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