MEDIOBANCA - Daily - Technical analysis published on 11/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 9.977 EUR
My targets
10.435 EUR (+1.51%)
10.647 EUR (+3.57%)
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 MEDIOBANCA. As long as you are above the support located at 9.977 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 10.435 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 10.647 EUR as an objective. Crossing it would then enable buyers to target 10.965 EUR. If the support 9.977 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
1.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MEDIOBANCA rating 10.280 EUR. The price is lower by -0.39% since the last closing and was between 10.240 EUR and 10.400 EUR. This implies that the price is at +0.39% from its lowest and at -1.15% from its highest.10.240
10.400
10.280
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MEDIOBANCA:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MEDIOBANCA chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
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 | 9.190 | 9.474 | 9.977 | 10.280 | 10.435 | 10.647 | 10.965 |
| Change (%) | -10.60% | -7.84% | -2.95% | - | +1.51% | +3.57% | +6.66% |
| Change | -1.090 | -0.806 | -0.303 | - | +0.155 | +0.367 | +0.685 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.087 | 10.163 | 10.217 | 10.293 | 10.347 | 10.423 | 10.477 |
| Camarilla | 10.234 | 10.246 | 10.258 | 10.270 | 10.282 | 10.294 | 10.306 |
| Woodie | 10.075 | 10.158 | 10.205 | 10.288 | 10.335 | 10.418 | 10.465 |
| Fibonacci | 10.163 | 10.213 | 10.244 | 10.293 | 10.343 | 10.374 | 10.423 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.635 | 10.015 | 10.225 | 10.605 | 10.815 | 11.195 | 11.405 |
| Camarilla | 10.273 | 10.327 | 10.381 | 10.435 | 10.489 | 10.543 | 10.597 |
| Woodie | 9.550 | 9.973 | 10.140 | 10.563 | 10.730 | 11.153 | 11.320 |
| Fibonacci | 10.015 | 10.240 | 10.380 | 10.605 | 10.830 | 10.970 | 11.195 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.600 | 9.130 | 9.890 | 10.420 | 11.180 | 11.710 | 12.470 |
| Camarilla | 10.295 | 10.414 | 10.532 | 10.650 | 10.768 | 10.887 | 11.005 |
| Woodie | 8.715 | 9.188 | 10.005 | 10.478 | 11.295 | 11.768 | 12.585 |
| Fibonacci | 9.130 | 9.623 | 9.927 | 10.420 | 10.913 | 11.217 | 11.710 |
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): | 42.22 | |
| MACD (12,26,9): | 0.0210 | |
| Directional Movement: | -6.032 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 10.573 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.702 | |
| Elder Ray (13): | -0.256 | |
| Super Trend (3,10): | 10.825 | |
| Zig ZAG (10): | 10.240 | |
| VORTEX (21): | 0.9310 | |
| Stochastique (14,3,5): | 10.48 | |
| TEMA (21): | 10.406 | |
| Williams %R (14): | -89.22 | |
| Chande Momentum Oscillator (20): | -0.725 | |
| Repulse (5,40,3): | 0.0020 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1580 | |
| Courbe Coppock: | 6.46 |
| MA7: | 10.460 | |
| MA20: | 10.635 | |
| MA50: | 10.251 | |
| MA100: | 9.664 | |
| MAexp7: | 10.409 | |
| MAexp20: | 10.491 | |
| MAexp50: | 10.227 | |
| MAexp100: | 9.819 | |
| Price / MA7: | -1.72% | |
| Price / MA20: | -3.34% | |
| Price / MA50: | +0.28% | |
| Price / MA100: | +6.37% | |
| Price / MAexp7: | -1.24% | |
| Price / MAexp20: | -2.01% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +4.69% |
News
Don"t forget to follow the news on MEDIOBANCA. At the time of publication of this analysis, the latest news was as follows:
MediobancaThis member declared not having a position on this financial instrument or a related financial instrument.
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