MEDIANTECHNOLOGIES - 1H - Technical analysis published on 09/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 5.79 EUR
My targets
5.47 EUR (-2.09%)
5.07 EUR (-9.30%)
My analysis
The bearish trend is currently very strong for MEDIANTECHNOLOGIES. As long as the price remains below the resistance at 5.79 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 5.47 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.07 EUR as an objective. Crossing it would then enable sellers to target 4.34 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.3
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Additional analysis
Quotes
The MEDIANTECHNOLOGIES price is 5.59 EUR. On the day, this instrument lost -7.14% and was between 5.40 EUR and 5.84 EUR. This implies that the price is at +3.52% from its lowest and at -4.28% from its highest.5.40
5.84
5.59
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
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 this 1H chart of MEDIANTECHNOLOGIES indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Downside gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.86 | 4.34 | 5.07 | 5.59 | 5.98 | 6.80 | 7.20 |
| Change (%) | -30.95% | -22.36% | -9.30% | - | +6.98% | +21.65% | +28.80% |
| Change | -1.73 | -1.25 | -0.52 | - | +0.39 | +1.21 | +1.61 |
| Level | Major | Major | Major | - | Intermediate | Intermediate | 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 | 4.23 | 5.06 | 5.54 | 6.37 | 6.85 | 7.68 | 8.16 |
| Camarilla | 5.66 | 5.78 | 5.90 | 6.02 | 6.14 | 6.26 | 6.38 |
| Woodie | 4.06 | 4.97 | 5.37 | 6.28 | 6.68 | 7.59 | 7.99 |
| Fibonacci | 5.06 | 5.56 | 5.87 | 6.37 | 6.87 | 7.18 | 7.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.96 | 4.93 | 5.47 | 6.44 | 6.98 | 7.95 | 8.49 |
| Camarilla | 5.61 | 5.74 | 5.88 | 6.02 | 6.16 | 6.30 | 6.44 |
| Woodie | 3.76 | 4.82 | 5.27 | 6.33 | 6.78 | 7.84 | 8.29 |
| Fibonacci | 4.93 | 5.50 | 5.86 | 6.44 | 7.01 | 7.37 | 7.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.33 | 1.63 | 3.83 | 5.79 | 7.99 | 9.95 | 12.15 |
| Camarilla | 4.88 | 5.26 | 5.64 | 6.02 | 6.40 | 6.78 | 7.16 |
| Woodie | -0.22 | 1.69 | 3.94 | 5.85 | 8.10 | 10.01 | 12.26 |
| Fibonacci | 1.63 | 3.22 | 4.20 | 5.79 | 7.38 | 8.36 | 9.95 |
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): | 21.98 | |
| MACD (12,26,9): | -0.2300 | |
| Directional Movement: | -36.38 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 6.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.00 | |
| Elder Ray (13): | -0.76 | |
| Super Trend (3,10): | 6.52 | |
| Zig ZAG (10): | 5.57 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 16.89 | |
| TEMA (21): | 6.11 | |
| Williams %R (14): | -88.89 | |
| Chande Momentum Oscillator (20): | -1.29 | |
| Repulse (5,40,3): | -5.5600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 13.30 |
| MA7: | 6.60 | |
| MA20: | 6.15 | |
| MA50: | 4.31 | |
| MA100: | 3.77 | |
| MAexp7: | 6.18 | |
| MAexp20: | 6.52 | |
| MAexp50: | 6.71 | |
| MAexp100: | 6.57 | |
| Price / MA7: | -15.30% | |
| Price / MA20: | -9.11% | |
| Price / MA50: | +29.70% | |
| Price / MA100: | +48.28% | |
| Price / MAexp7: | -9.55% | |
| Price / MAexp20: | -14.26% | |
| Price / MAexp50: | -16.69% | |
| Price / MAexp100: | -14.92% |
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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