MEMSCAP REGPT - 1H - Technical analysis published on 08/31/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 6.42 EUR
My targets
6.88 EUR (+5.20%)
7.14 EUR (+9.17%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MEMSCAP REGPT as long as the price remains well above 6.42 EUR. The buyers' bullish objective is set at 6.88 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.14 EUR. If there is any crossing, the next objective would be the resistance located at 7.55 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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.
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Additional analysis
Quotes
The MEMSCAP REGPT rating is 6.54 EUR. On the day, this instrument gained +2.19% with the lowest point at 6.39 EUR and the highest point at 6.62 EUR. The deviation from the price is +2.35% for the low point and -1.21% for the high point.6.39
6.62
6.54
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MEMSCAP REGPT in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.89 | 6.19 | 6.42 | 6.54 | 6.56 | 7.55 | 9.04 |
| Change (%) | -9.94% | -5.35% | -1.83% | - | +0.31% | +15.44% | +38.23% |
| Change | -0.65 | -0.35 | -0.12 | - | +0.02 | +1.01 | +2.50 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.18 | 6.29 | 6.41 | 6.52 | 6.64 | 6.75 | 6.87 |
| Camarilla | 6.48 | 6.50 | 6.52 | 6.54 | 6.56 | 6.58 | 6.60 |
| Woodie | 6.20 | 6.29 | 6.43 | 6.52 | 6.66 | 6.75 | 6.89 |
| Fibonacci | 6.29 | 6.38 | 6.43 | 6.52 | 6.61 | 6.66 | 6.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.85 | 6.02 | 6.28 | 6.45 | 6.71 | 6.88 | 7.14 |
| Camarilla | 6.42 | 6.46 | 6.50 | 6.54 | 6.58 | 6.62 | 6.66 |
| Woodie | 5.90 | 6.04 | 6.33 | 6.47 | 6.76 | 6.90 | 7.19 |
| Fibonacci | 6.02 | 6.18 | 6.29 | 6.45 | 6.61 | 6.72 | 6.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.02 | 4.32 | 5.36 | 6.66 | 7.70 | 9.00 | 10.04 |
| Camarilla | 5.77 | 5.98 | 6.20 | 6.41 | 6.63 | 6.84 | 7.05 |
| Woodie | 2.90 | 4.26 | 5.24 | 6.60 | 7.58 | 8.94 | 9.92 |
| Fibonacci | 4.32 | 5.21 | 5.76 | 6.66 | 7.55 | 8.10 | 9.00 |
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): | 71.27 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 42.47 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 6.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.32 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 6.41 | |
| Zig ZAG (10): | 6.54 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 71.00 | |
| TEMA (21): | 6.53 | |
| Williams %R (14): | -24.24 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | -1.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 5.71 |
| MA7: | 6.37 | |
| MA20: | 6.21 | |
| MA50: | 6.49 | |
| MA100: | 7.05 | |
| MAexp7: | 6.49 | |
| MAexp20: | 6.42 | |
| MAexp50: | 6.36 | |
| MAexp100: | 6.33 | |
| Price / MA7: | +2.67% | |
| Price / MA20: | +5.31% | |
| Price / MA50: | +0.77% | |
| Price / MA100: | -7.23% | |
| Price / MAexp7: | +0.77% | |
| Price / MAexp20: | +1.87% | |
| Price / MAexp50: | +2.83% | |
| Price / MAexp100: | +3.32% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on MEMSCAP REGPT at the time of the generation of this analysis was as follows:
- MEMSCAP – Q2 2023: Profitability Rise Driven by Group's Business Growth
- MEMSCAP: Minutes of the Annual Ordinary and Extraordinary Shareholders’ Meeting of May 31, 2023
- MEGGITT Selects MEMSCAP for Engine Monitoring Systems
- MEMSCAP Unveils Its New Website
- MEMSCAP - Q1 2023 : Strong Profitable Growth as Targeted by the 4G Plan
This member declared not having a position on this financial instrument or a related financial instrument.
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