MEDIANTECHNOLOGIES - 1H - Technical analysis published on 09/11/2024 (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
67%
0%
33%
My opinion
Bearish under 4.803 EUR
My targets
4.318 EUR (-4.36%)
3.863 EUR (-14.44%)
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 4.803 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 4.803 EUR. The next bearish objective for sellers is set at 4.318 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.863 EUR. In case of crossing, the next objective would be the support located at 2.963 EUR. PS: if there is a bullish break in the resistance located at 4.803 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, 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
MEDIANTECHNOLOGIES rating 4.515 EUR. On the day, this instrument gained +5.12% and was traded between 4.070 EUR and 4.600 EUR over the period. The price is currently at +10.93% from its lowest and -1.85% from its highest.4.070
4.600
4.515
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead 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:
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 an overall bearish trend. 75.00% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.963 | 3.863 | 4.318 | 4.515 | 5.070 | 6.106 | 6.800 |
| Change (%) | -34.37% | -14.44% | -4.36% | - | +12.29% | +35.24% | +50.61% |
| Change | -1.552 | -0.652 | -0.197 | - | +0.555 | +1.591 | +2.285 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Intermediate |
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 | 3.660 | 3.865 | 4.190 | 4.395 | 4.720 | 4.925 | 5.250 |
| Camarilla | 4.369 | 4.418 | 4.466 | 4.515 | 4.564 | 4.612 | 4.661 |
| Woodie | 3.720 | 3.895 | 4.250 | 4.425 | 4.780 | 4.955 | 5.310 |
| Fibonacci | 3.865 | 4.068 | 4.193 | 4.395 | 4.598 | 4.723 | 4.925 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.64 | |
| MACD (12,26,9): | -0.1630 | |
| Directional Movement: | -1.609 | |
| AROON (14): | 14.286 | |
| DEMA (21): | 4.228 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.101 | |
| Elder Ray (13): | 0.116 | |
| Super Trend (3,10): | 4.611 | |
| Zig ZAG (10): | 4.515 | |
| VORTEX (21): | 0.8840 | |
| Stochastique (14,3,5): | 87.11 | |
| TEMA (21): | 4.300 | |
| Williams %R (14): | -16.04 | |
| Chande Momentum Oscillator (20): | 0.135 | |
| Repulse (5,40,3): | 0.8890 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.7310 | |
| Courbe Coppock: | 4.74 |
| MA7: | 5.098 | |
| MA20: | 6.085 | |
| MA50: | 4.639 | |
| MA100: | 3.880 | |
| MAexp7: | 4.417 | |
| MAexp20: | 4.485 | |
| MAexp50: | 4.907 | |
| MAexp100: | 5.362 | |
| Price / MA7: | -11.44% | |
| Price / MA20: | -25.80% | |
| Price / MA50: | -2.67% | |
| Price / MA100: | +16.37% | |
| Price / MAexp7: | +2.22% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | -7.99% | |
| Price / MAexp100: | -15.80% |
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.
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