MEDIANTECHNOLOGIES - 1H - Technical analysis published on 09/05/2024 (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:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 5.99 EUR
My targets
5.47 EUR (-5.64%)
5.42 EUR (-6.55%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MEDIANTECHNOLOGIES. As long as you are under the resistance located at 5.99 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.47 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 5.42 EUR as an objective. Crossing it would then enable sellers to target 5.07 EUR. If the resistance 5.99 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.1
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Additional analysis
Quotes
The MEDIANTECHNOLOGIES price is 5.80 EUR. On the day, this instrument gained +4.13% and was between 5.57 EUR and 6.11 EUR. This implies that the price is at +4.13% from its lowest and at -5.07% from its highest.5.57
6.11
5.80
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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
Technical analysis of this 1H chart of MEDIANTECHNOLOGIES indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
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:
Near resistance of channel
Type : Bearish
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 | 4.56 | 5.07 | 5.42 | 5.80 | 5.99 | 6.80 | 7.40 |
| Change (%) | -21.38% | -12.59% | -6.55% | - | +3.28% | +17.24% | +27.59% |
| Change | -1.24 | -0.73 | -0.38 | - | +0.19 | +1.00 | +1.60 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | 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 | 5.16 | 5.26 | 5.41 | 5.51 | 5.66 | 5.76 | 5.91 |
| Camarilla | 5.50 | 5.52 | 5.55 | 5.57 | 5.59 | 5.62 | 5.64 |
| Woodie | 5.20 | 5.27 | 5.45 | 5.52 | 5.70 | 5.77 | 5.95 |
| Fibonacci | 5.26 | 5.35 | 5.41 | 5.51 | 5.60 | 5.66 | 5.76 |
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): | 49.72 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 8.02 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 5.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.44 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 5.38 | |
| Zig ZAG (10): | 5.76 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 62.60 | |
| TEMA (21): | 5.83 | |
| Williams %R (14): | -47.83 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | -1.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 8.71 |
| MA7: | 6.02 | |
| MA20: | 6.31 | |
| MA50: | 4.47 | |
| MA100: | 3.83 | |
| MAexp7: | 5.80 | |
| MAexp20: | 5.74 | |
| MAexp50: | 5.94 | |
| MAexp100: | 6.12 | |
| Price / MA7: | -3.65% | |
| Price / MA20: | -8.08% | |
| Price / MA50: | +29.75% | |
| Price / MA100: | +51.44% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +1.05% | |
| Price / MAexp50: | -2.36% | |
| Price / MAexp100: | -5.23% |
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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