MONTEA - 1H - Technical analysis published on 10/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 63.8 EUR
My targets
66.1 EUR (+1.54%)
66.7 EUR (+2.46%)
My analysis
The strong short-term increase for MONTEA reinforces the current slightly bullish trend. As long as the price remains above 63.8 EUR, you could take advantage of this bullish acceleration. The first bullish objective is located at 66.1 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 66.7 EUR as an objective. Crossing it would then enable buyers to target 67.3 EUR. A return to 63.8 EUR would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MONTEA rating 65.1 EUR. On the day, this instrument gained +4.16% and was between 64.3 EUR and 66.7 EUR. This implies that the price is at +1.24% from its lowest and at -2.40% from its highest.64.3
66.7
65.1
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MONTEA in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 63.1 | 63.8 | 64.8 | 65.1 | 66.1 | 66.7 | 67.3 |
| Change (%) | -3.07% | -2.00% | -0.46% | - | +1.54% | +2.46% | +3.38% |
| Change | -2.0 | -1.3 | -0.3 | - | +1.0 | +1.6 | +2.2 |
| Level | Intermediate | Major | Minor | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.6 | 63.0 | 64.0 | 65.4 | 66.4 | 67.8 | 68.8 |
| Camarilla | 64.4 | 64.7 | 64.9 | 65.1 | 65.3 | 65.5 | 65.8 |
| Woodie | 61.5 | 62.9 | 63.9 | 65.3 | 66.3 | 67.7 | 68.7 |
| Fibonacci | 63.0 | 63.9 | 64.5 | 65.4 | 66.3 | 66.9 | 67.8 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.6 | 62.3 | 63.9 | 65.6 | 67.2 | 68.9 | 70.5 |
| Camarilla | 64.6 | 64.9 | 65.2 | 65.5 | 65.8 | 66.1 | 66.4 |
| Woodie | 60.6 | 62.3 | 63.9 | 65.6 | 67.2 | 68.9 | 70.5 |
| Fibonacci | 62.3 | 63.6 | 64.3 | 65.6 | 66.9 | 67.6 | 68.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.5 | 58.5 | 62.9 | 68.9 | 73.3 | 79.3 | 83.7 |
| Camarilla | 64.4 | 65.4 | 66.4 | 67.3 | 68.3 | 69.2 | 70.2 |
| Woodie | 51.7 | 58.1 | 62.1 | 68.5 | 72.5 | 78.9 | 82.9 |
| Fibonacci | 58.5 | 62.5 | 64.9 | 68.9 | 72.9 | 75.3 | 79.3 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.20 | |
| MACD (12,26,9): | 0.4000 | |
| Directional Movement: | 23.0 | |
| AROON (14): | 35.8 | |
| DEMA (21): | 64.7 | |
| Parabolic SAR (0,02-0,02-0,2): | 62.6 | |
| Elder Ray (13): | 0.7 | |
| Super Trend (3,10): | 63.1 | |
| Zig ZAG (10): | 65.1 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 68.70 | |
| TEMA (21): | 65.2 | |
| Williams %R (14): | -33.30 | |
| Chande Momentum Oscillator (20): | 2.3 | |
| Repulse (5,40,3): | -0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 7.30 |
| MA7: | 64.5 | |
| MA20: | 65.1 | |
| MA50: | 68.5 | |
| MA100: | 70.7 | |
| MAexp7: | 65.0 | |
| MAexp20: | 64.3 | |
| MAexp50: | 64.4 | |
| MAexp100: | 64.8 | |
| Price / MA7: | +0.93% | |
| Price / MA20: | -0% | |
| Price / MA50: | -4.96% | |
| Price / MA100: | -7.92% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +1.24% | |
| Price / MAexp50: | +1.09% | |
| Price / MAexp100: | +0.46% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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