MEDIANTECHNOLOGIES - 1H - Technical analysis published on 09/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 4.318 EUR
My targets
3.863 EUR (-10.06%)
3.753 EUR (-12.61%)
My analysis
The bearish trend is currently very strong for MEDIANTECHNOLOGIES. As long as the price remains below the resistance at 4.318 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.863 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.753 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.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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Additional analysis
Quotes
The MEDIANTECHNOLOGIES rating is 4.295 EUR. The price is lower by -5.71% since the last closing and was traded between 4.290 EUR and 4.860 EUR over the period. The price is currently at +0.12% from its lowest and -11.63% from its highest.4.290
4.860
4.295
Here is a more detailed summary of the historical variations registered by MEDIANTECHNOLOGIES:
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
Technical analysis of MEDIANTECHNOLOGIES in 1H shows a overall strongly 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.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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 | 2.260 | 2.963 | 3.863 | 4.295 | 4.318 | 5.070 | 5.990 |
| Change (%) | -47.38% | -31.01% | -10.06% | - | +0.54% | +18.04% | +39.46% |
| Change | -2.035 | -1.332 | -0.432 | - | +0.023 | +0.775 | +1.695 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Intermediate |
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 | 3.533 | 3.912 | 4.103 | 4.482 | 4.673 | 5.052 | 5.243 |
| Camarilla | 4.138 | 4.191 | 4.243 | 4.295 | 4.347 | 4.400 | 4.452 |
| Woodie | 3.440 | 3.865 | 4.010 | 4.435 | 4.580 | 5.005 | 5.150 |
| Fibonacci | 3.912 | 4.129 | 4.264 | 4.482 | 4.699 | 4.834 | 5.052 |
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): | 19.27 | |
| MACD (12,26,9): | -0.2980 | |
| Directional Movement: | -28.891 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 4.279 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.567 | |
| Elder Ray (13): | -0.196 | |
| Super Trend (3,10): | 4.752 | |
| Zig ZAG (10): | 4.295 | |
| VORTEX (21): | 0.6610 | |
| Stochastique (14,3,5): | 4.63 | |
| TEMA (21): | 4.192 | |
| Williams %R (14): | -99.17 | |
| Chande Momentum Oscillator (20): | -0.505 | |
| Repulse (5,40,3): | -3.1040 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8070 | |
| Courbe Coppock: | 25.12 |
| MA7: | 5.234 | |
| MA20: | 6.159 | |
| MA50: | 4.601 | |
| MA100: | 3.869 | |
| MAexp7: | 4.380 | |
| MAexp20: | 4.669 | |
| MAexp50: | 5.153 | |
| MAexp100: | 5.566 | |
| Price / MA7: | -17.94% | |
| Price / MA20: | -30.26% | |
| Price / MA50: | -6.65% | |
| Price / MA100: | +11.01% | |
| Price / MAexp7: | -1.94% | |
| Price / MAexp20: | -8.01% | |
| Price / MAexp50: | -16.65% | |
| Price / MAexp100: | -22.84% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on MEDIANTECHNOLOGIES at the time of the analysis were 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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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