MEDIANTECHNOLOGIES - 1H - Technical analysis published on 09/10/2024 (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:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 4.803 EUR
My targets
4.318 EUR (-2.53%)
3.863 EUR (-12.80%)
My analysis
The bearish trend is currently very strong for MEDIANTECHNOLOGIES. As long as the price remains below the resistance at 4.803 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.318 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.863 EUR as an objective. Crossing it would then enable sellers to target 2.963 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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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 4.430 EUR. The price is lower by -2.74% since the last closing and was between 4.290 EUR and 4.860 EUR. This implies that the price is at +3.26% from its lowest and at -8.85% from its highest.4.290
4.860
4.430
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
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 sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 2.963 | 3.863 | 4.318 | 4.430 | 5.070 | 5.990 | 6.800 |
| Change (%) | -33.12% | -12.80% | -2.53% | - | +14.45% | +35.21% | +53.50% |
| Change | -1.467 | -0.567 | -0.112 | - | +0.640 | +1.560 | +2.370 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.645 | 4.085 | 4.320 | 4.760 | 4.995 | 5.435 | 5.670 |
| Camarilla | 4.369 | 4.431 | 4.493 | 4.555 | 4.617 | 4.679 | 4.741 |
| Woodie | 3.543 | 4.034 | 4.218 | 4.709 | 4.893 | 5.384 | 5.568 |
| Fibonacci | 4.085 | 4.343 | 4.502 | 4.760 | 5.018 | 5.177 | 5.435 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.753 | 4.407 | 4.803 | 5.457 | 5.853 | 6.507 | 6.903 |
| Camarilla | 4.911 | 5.008 | 5.104 | 5.200 | 5.296 | 5.393 | 5.489 |
| Woodie | 3.625 | 4.343 | 4.675 | 5.393 | 5.725 | 6.443 | 6.775 |
| Fibonacci | 4.407 | 4.808 | 5.056 | 5.457 | 5.858 | 6.106 | 6.507 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.333 | 1.633 | 3.827 | 5.793 | 7.987 | 9.953 | 12.147 |
| Camarilla | 4.876 | 5.257 | 5.639 | 6.020 | 6.401 | 6.783 | 7.164 |
| Woodie | -0.220 | 1.690 | 3.940 | 5.850 | 8.100 | 10.010 | 12.260 |
| Fibonacci | 1.633 | 3.223 | 4.204 | 5.793 | 7.383 | 8.364 | 9.953 |
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): | 18.74 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | -31.040 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 4.395 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.726 | |
| Elder Ray (13): | -0.261 | |
| Super Trend (3,10): | 4.859 | |
| Zig ZAG (10): | 4.350 | |
| VORTEX (21): | 0.6560 | |
| Stochastique (14,3,5): | 8.28 | |
| TEMA (21): | 4.288 | |
| Williams %R (14): | -86.88 | |
| Chande Momentum Oscillator (20): | -0.540 | |
| Repulse (5,40,3): | -1.7450 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7450 | |
| Courbe Coppock: | 27.54 |
| MA7: | 5.249 | |
| MA20: | 6.162 | |
| MA50: | 4.602 | |
| MA100: | 3.869 | |
| MAexp7: | 4.473 | |
| MAexp20: | 4.788 | |
| MAexp50: | 5.258 | |
| MAexp100: | 5.643 | |
| Price / MA7: | -15.60% | |
| Price / MA20: | -28.11% | |
| Price / MA50: | -3.74% | |
| Price / MA100: | +14.50% | |
| Price / MAexp7: | -0.96% | |
| Price / MAexp20: | -7.48% | |
| Price / MAexp50: | -15.75% | |
| Price / MAexp100: | -21.50% |
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.
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