MICHELIN - 1H - Technical analysis published on 02/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Additional analysis
Quotes
MICHELIN rating 32.36 EUR. On the day, this instrument gained +5.03% and was traded between 31.40 EUR and 32.36 EUR over the period. The price is currently at +3.06% from its lowest and 0% from its highest.A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MICHELIN in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
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 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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Long white line
Type : Bullish
Timeframe : 1 hour
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 30.99 | 31.25 | 31.50 | 32.36 | 32.60 | 33.31 | 35.69 |
Change (%) | -4.23% | -3.43% | -2.66% | - | +0.74% | +2.94% | +10.29% |
Change | -1.37 | -1.11 | -0.86 | - | +0.24 | +0.95 | +3.33 |
Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 30.21 | 30.48 | 30.64 | 30.91 | 31.07 | 31.34 | 31.50 |
Camarilla | 30.69 | 30.73 | 30.77 | 30.81 | 30.85 | 30.89 | 30.93 |
Woodie | 30.17 | 30.45 | 30.60 | 30.88 | 31.03 | 31.31 | 31.46 |
Fibonacci | 30.48 | 30.64 | 30.74 | 30.91 | 31.07 | 31.17 | 31.34 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 29.27 | 29.83 | 30.38 | 30.94 | 31.49 | 32.05 | 32.60 |
Camarilla | 30.62 | 30.72 | 30.82 | 30.92 | 31.02 | 31.12 | 31.23 |
Woodie | 29.26 | 29.83 | 30.37 | 30.94 | 31.48 | 32.05 | 32.59 |
Fibonacci | 29.83 | 30.26 | 30.52 | 30.94 | 31.37 | 31.63 | 32.05 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 26.87 | 28.47 | 29.64 | 31.24 | 32.41 | 34.01 | 35.18 |
Camarilla | 30.06 | 30.31 | 30.57 | 30.82 | 31.07 | 31.33 | 31.58 |
Woodie | 26.67 | 28.36 | 29.44 | 31.13 | 32.21 | 33.90 | 34.98 |
Fibonacci | 28.47 | 29.53 | 30.18 | 31.24 | 32.30 | 32.95 | 34.01 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
RSI (14): | 77.38 | |
MACD (12,26,9): | 0.0800 | |
Directional Movement: | 43.28 | |
AROON (14): | 7.14 | |
DEMA (21): | 31.15 | |
Parabolic SAR (0,02-0,02-0,2): | 30.74 | |
Elder Ray (13): | 0.76 | |
Super Trend (3,10): | 31.05 | |
Zig ZAG (10): | 32.31 | |
VORTEX (21): | 0.8800 | |
Stochastique (14,3,5): | 44.28 | |
TEMA (21): | 31.19 | |
Williams %R (14): | -2.50 | |
Chande Momentum Oscillator (20): | 1.40 | |
Repulse (5,40,3): | 2.3000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 0.67 |
MA7: | 31.08 | |
MA20: | 30.90 | |
MA50: | 31.46 | |
MA100: | 30.19 | |
MAexp7: | 31.22 | |
MAexp20: | 31.06 | |
MAexp50: | 30.97 | |
MAexp100: | 30.94 | |
Price / MA7: | +4.12% | |
Price / MA20: | +4.72% | |
Price / MA50: | +2.86% | |
Price / MA100: | +7.19% | |
Price / MAexp7: | +3.65% | |
Price / MAexp20: | +4.19% | |
Price / MAexp50: | +4.49% | |
Price / MAexp100: | +4.59% |
News
The latest news and videos published on MICHELIN at the time of the analysis were as follows:
- Sushi Ginza Onodera’s Restaurant ‘Makiyaki Ginza Onodera’ Awarded Fourth Consecutive One Michelin Star
- Best Michelin, Pirelli, Firestone & Bridgestone Tire Black Friday Deals (2023): Early All-Season, All-Terrain & More Tire Sales Reported by Retail Fuse
- Bridgestone, Firestone, Michelin & Pirelli Tire Early Black Friday Deals (2023) Researched by Consumer Walk
- Black Friday Walmart Tire Deals 2023: Best Early Michelin, Cooper, Pirelli & More Tire Deals Reviewed by The Consumer Post
- Michelin Guide's Nod to Algodon Wine Estates Boosts Argentina's Luxury Real Estate Profile
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