MEYER BURGER N - 1H - Technical analysis published on 03/25/2024 (GMT)
- 61
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 0.0280 CHF
My targets
0.0210 CHF (-8.70%)
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 MEYER BURGER N. As long as you are under the resistance located at 0.0280 CHF, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.0210 CHF would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 0.0280 CHF were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MEYER BURGER N rating is 0.0230 CHF. The price registered an increase of +14.43% on the session and was between 0.0182 CHF and 0.0230 CHF. This implies that the price is at +26.37% from its lowest and at 0% from its highest.0.0182
0.0230
0.0230
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this MEYER BURGER N chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.0210 | 0.0230 | 0.0599 | 0.0712 | 0.0930 |
| Change (%) | -8.70% | - | +160.43% | +209.57% | +304.35% |
| Change | -0.0020 | - | +0.0369 | +0.0482 | +0.0700 |
| Level | Minor | - | Intermediate | Intermediate | Minor |
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 | 0.0139 | 0.0155 | 0.0178 | 0.0194 | 0.0217 | 0.0233 | 0.0256 |
| Camarilla | 0.0190 | 0.0194 | 0.0197 | 0.0201 | 0.0205 | 0.0208 | 0.0212 |
| Woodie | 0.0143 | 0.0157 | 0.0182 | 0.0196 | 0.0221 | 0.0235 | 0.0260 |
| Fibonacci | 0.0155 | 0.0170 | 0.0179 | 0.0194 | 0.0209 | 0.0218 | 0.0233 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0257 | -0.0052 | 0.0075 | 0.0280 | 0.0407 | 0.0612 | 0.0739 |
| Camarilla | 0.0110 | 0.0140 | 0.0171 | 0.0201 | 0.0231 | 0.0262 | 0.0292 |
| Woodie | -0.0297 | -0.0072 | 0.0035 | 0.0261 | 0.0367 | 0.0593 | 0.0699 |
| Fibonacci | -0.0052 | 0.0075 | 0.0154 | 0.0280 | 0.0407 | 0.0486 | 0.0612 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0286 | 0.0157 | 0.0410 | 0.0853 | 0.1106 | 0.1549 | 0.1802 |
| Camarilla | 0.0472 | 0.0535 | 0.0599 | 0.0663 | 0.0727 | 0.0791 | 0.0854 |
| Woodie | -0.0381 | 0.0110 | 0.0315 | 0.0806 | 0.1011 | 0.1502 | 0.1707 |
| Fibonacci | 0.0157 | 0.0423 | 0.0587 | 0.0853 | 0.1119 | 0.1283 | 0.1549 |
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): | 55.00 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | 4.7103 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 0.0180 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0168 | |
| Elder Ray (13): | 0.0028 | |
| Super Trend (3,10): | 0.0180 | |
| Zig ZAG (10): | 0.0230 | |
| VORTEX (21): | 1.2211 | |
| Stochastique (14,3,5): | 89.74 | |
| TEMA (21): | 0.0210 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.0050 | |
| Repulse (5,40,3): | 14.4624 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.5807 | |
| Courbe Coppock: | 32.79 |
| MA7: | 0.0283 | |
| MA20: | 0.0518 | |
| MA50: | 0.0881 | |
| MA100: | 0.1516 | |
| MAexp7: | 0.0209 | |
| MAexp20: | 0.0205 | |
| MAexp50: | 0.0270 | |
| MAexp100: | 0.0385 | |
| Price / MA7: | -18.73% | |
| Price / MA20: | -55.60% | |
| Price / MA50: | -73.89% | |
| Price / MA100: | -84.83% | |
| Price / MAexp7: | +10.05% | |
| Price / MAexp20: | +12.20% | |
| Price / MAexp50: | -14.81% | |
| Price / MAexp100: | -40.26% |
Quotes :
-
15 min delayed data
-
Switzerland SWX Stocks
News
The last news published on MEYER BURGER N at the time of the generation of this analysis was as follows:
- Shareholders of Meyer Burger approve rights issue of around CHF 200 million and support the expansion of the production and distribution structures in the United States
- Meyer Burger announces the terms of its rights issue of around CHF 200 million and amends its proposals to the EGM
- Meyer Burger publishes Annual Report 2023 after a strategic shift in a year of market distortions; largest customer DESRI intends to participate alongside Sentis in the upcoming capital increase
- Meyer Burger publishing EGM invitation for CHF 200 to 250 million rights issue
- Meyer Burger calls EGM to approve CHF 200 to 250 million rights issue to finance the completion of its Colorado and Arizona manufacturing facilities
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis MEYER BURGER N - 1H