MFE-MEDIAFOREUROPE - Daily - Technical analysis published on 12/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
MFE-MEDIAFOREUROPE Chart
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 2.789 EUR
My targets
2.630 EUR (-2.48%)
2.581 EUR (-4.30%)
My analysis
There is a bearish trend on MEDIASET S.P.A both at the basic level and in the short term. A sale could be considered, so long as the price remains below 2.789 EUR. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 2.630 EUR. Then the price could move towards 2.581 EUR. Then 2.236 EUR by extension. Be careful, a return to above the resistance 2.789 EUR would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay.
Additional analysis
Quotes
MEDIASET S.P.A rating 2.697 EUR. The price registered a decrease of -0.99% on the session and was traded between 2.680 EUR and 2.742 EUR over the period. The price is currently at +0.63% from its lowest and -1.64% from its highest.2.680
2.742
2.697
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this MEDIASET S.P.A chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
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 | 2.581 | 2.630 | 2.667 | 2.697 | 2.713 | 2.789 | 2.967 |
| Change (%) | -4.30% | -2.48% | -1.11% | - | +0.59% | +3.41% | +10.01% |
| Change | -0.116 | -0.067 | -0.030 | - | +0.016 | +0.092 | +0.270 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | 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 | 2.621 | 2.646 | 2.668 | 2.693 | 2.715 | 2.740 | 2.762 |
| Camarilla | 2.677 | 2.681 | 2.686 | 2.690 | 2.694 | 2.699 | 2.703 |
| Woodie | 2.620 | 2.645 | 2.667 | 2.692 | 2.714 | 2.739 | 2.761 |
| Fibonacci | 2.646 | 2.664 | 2.675 | 2.693 | 2.711 | 2.722 | 2.740 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.586 | 2.655 | 2.699 | 2.768 | 2.812 | 2.881 | 2.925 |
| Camarilla | 2.713 | 2.723 | 2.734 | 2.744 | 2.754 | 2.765 | 2.775 |
| Woodie | 2.575 | 2.649 | 2.688 | 2.762 | 2.801 | 2.875 | 2.914 |
| Fibonacci | 2.655 | 2.698 | 2.725 | 2.768 | 2.811 | 2.838 | 2.881 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.420 | 2.521 | 2.633 | 2.734 | 2.846 | 2.947 | 3.059 |
| Camarilla | 2.685 | 2.705 | 2.725 | 2.744 | 2.764 | 2.783 | 2.803 |
| Woodie | 2.425 | 2.524 | 2.638 | 2.737 | 2.851 | 2.950 | 3.064 |
| Fibonacci | 2.521 | 2.603 | 2.653 | 2.734 | 2.816 | 2.866 | 2.947 |
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): | 47.77 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | 4.170 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 2.711 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.815 | |
| Elder Ray (13): | -0.016 | |
| Super Trend (3,10): | 2.615 | |
| Zig ZAG (10): | 2.696 | |
| VORTEX (21): | 0.9420 | |
| Stochastique (14,3,5): | 30.56 | |
| TEMA (21): | 2.708 | |
| Williams %R (14): | -76.09 | |
| Chande Momentum Oscillator (20): | -0.040 | |
| Repulse (5,40,3): | -0.4410 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0150 | |
| Courbe Coppock: | 0.76 |
| MA7: | 2.701 | |
| MA20: | 2.708 | |
| MA50: | 2.694 | |
| MA100: | 2.726 | |
| MAexp7: | 2.706 | |
| MAexp20: | 2.711 | |
| MAexp50: | 2.713 | |
| MAexp100: | 2.725 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -0.41% | |
| Price / MA50: | +0.11% | |
| Price / MA100: | -1.06% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -1.03% |
News
Don"t forget to follow the news on MEDIASET S.P.A. At the time of publication of this analysis, the latest news was as follows:
MediasetThis member declared not having a position on this financial instrument or a related financial instrument.
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