MEDIANTECHNOLOGIES
MEDIANTECHNOLOGIES
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ALMDT
ISIN: FR0011049824

MEDIANTECHNOLOGIES - 1H - Technical analysis published on 09/05/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 5.99 EUR
My targets
5.47 EUR (-8.17%)
5.42 EUR (-9.06%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 5.99 EUR remains possible. It is advisable to trade MEDIANTECHNOLOGIES with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 5.99 EUR. The next bearish objective for sellers is set at 5.47 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.42 EUR. In case of crossing, the next objective would be the support located at 5.07 EUR. PS: if there is a bullish break in the resistance located at 5.99 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.2

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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

MEDIANTECHNOLOGIES rating 5.96 EUR. The price registered an increase of +7.00% on the session and was between 5.57 EUR and 6.11 EUR. This implies that the price is at +7.00% from its lowest and at -2.45% from its highest.

5.57
6.11
5.96

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

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 bearish. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 4.56 5.07 5.42 5.96 5.99 6.80 7.40
Change (%) -23.49% -14.93% -9.06% - +0.50% +14.09% +24.16%
Change -1.40 -0.89 -0.54 - +0.03 +0.84 +1.44
Level Minor Major Major - Intermediate Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.165.265.415.515.665.765.91
Camarilla5.505.525.555.575.595.625.64
Woodie5.205.275.455.525.705.775.95
Fibonacci5.265.355.415.515.605.665.76


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.964.935.476.446.987.958.49
Camarilla5.615.745.886.026.166.306.44
Woodie3.764.825.276.336.787.848.29
Fibonacci4.935.505.866.447.017.377.95


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.331.633.835.797.999.9512.15
Camarilla4.885.265.646.026.406.787.16
Woodie-0.221.693.945.858.1010.0112.26
Fibonacci1.633.224.205.797.388.369.95

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): 61.60
MACD (12,26,9): -0.0900
Directional Movement: 10.94
AROON (14): 64.29
DEMA (21): 5.52
Parabolic SAR (0,02-0,02-0,2): 5.35
Elder Ray (13): 0.19
Super Trend (3,10): 5.32
Zig ZAG (10): 6.09
VORTEX (21): 0.9600
Stochastique (14,3,5): 73.76
TEMA (21): 5.63
Williams %R (14): -7.89
Chande Momentum Oscillator (20): 0.48
Repulse (5,40,3): 12.8100
ROCnROLL: 1
TRIX (15,9): -0.4200
Courbe Coppock: 0.01
MA7: 6.06
MA20: 6.32
MA50: 4.48
MA100: 3.83
MAexp7: 5.67
MAexp20: 5.67
MAexp50: 5.98
MAexp100: 6.16
Price / MA7: -1.65%
Price / MA20: -5.70%
Price / MA50: +33.04%
Price / MA100: +55.61%
Price / MAexp7: +5.11%
Price / MAexp20: +5.11%
Price / MAexp50: -0.33%
Price / MAexp100: -3.25%

Quotes : - 15 min delayed data - Euronext Paris

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

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