Londinia Opportunities Analyses - 06/08/2023 (GMT) MONTEA - 1H
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EUR
(-)
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15 min delayed data - Euronext Bruxelles
| Type: | Stocks |
| Ticker: | MONT |
| ISIN: | BE0003853703 |
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 77.1 EUR
My targets
78.9 EUR (+1.15%)
80.1 EUR (+2.69%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 77.1 EUR remains possible. It is advisable to trade MONTEA with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 77.1 EUR. The next bullish objective for buyers is set at 78.9 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 80.1 EUR. If there is any crossing, the next objective would be the resistance located at 82.2 EUR. PS: if there is a bearish break in the support located at 77.1 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.9
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The MONTEA price is 78.0 EUR. The price is lower by -0.76% since the last closing with the lowest point at 78.0 EUR and the highest point at 78.5 EUR. The deviation from the price is 0% for the low point and -0.64% for the high point.78.0
78.5
78.0
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MONTEA:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of MONTEA indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish 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:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 73.1 | 75.2 | 77.1 | 78.0 | 78.9 | 80.1 | 82.2 |
| Change (%) | -6.28% | -3.59% | -1.15% | - | +1.15% | +2.69% | +5.38% |
| Change | -4.9 | -2.8 | -0.9 | - | +0.9 | +2.1 | +4.2 |
| Level | Intermediate | Major | Intermediate | - | Major | Major | 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 | 76.0 | 76.5 | 77.6 | 78.1 | 79.2 | 79.7 | 80.8 |
| Camarilla | 78.2 | 78.3 | 78.5 | 78.6 | 78.8 | 78.9 | 79.0 |
| Woodie | 76.2 | 76.7 | 77.8 | 78.3 | 79.4 | 79.9 | 81.0 |
| Fibonacci | 76.5 | 77.1 | 77.5 | 78.1 | 78.7 | 79.1 | 79.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.1 | 71.1 | 74.9 | 76.9 | 80.7 | 82.7 | 86.5 |
| Camarilla | 77.1 | 77.6 | 78.2 | 78.7 | 79.2 | 79.8 | 80.3 |
| Woodie | 70.0 | 71.6 | 75.8 | 77.4 | 81.6 | 83.2 | 87.4 |
| Fibonacci | 71.1 | 73.3 | 74.7 | 76.9 | 79.1 | 80.5 | 82.7 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.9 | 69.1 | 72.5 | 74.7 | 78.1 | 80.3 | 83.7 |
| Camarilla | 74.4 | 74.9 | 75.4 | 75.9 | 76.4 | 76.9 | 77.4 |
| Woodie | 67.5 | 69.4 | 73.1 | 75.0 | 78.7 | 80.6 | 84.3 |
| Fibonacci | 69.1 | 71.2 | 72.6 | 74.7 | 76.8 | 78.2 | 80.3 |
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): | 58.90 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 10.3 | |
| AROON (14): | -28.6 | |
| DEMA (21): | 78.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 77.1 | |
| Elder Ray (13): | 0.5 | |
| Super Trend (3,10): | 78.7 | |
| Zig ZAG (10): | 78.6 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 75.00 | |
| TEMA (21): | 77.8 | |
| Williams %R (14): | -6.20 | |
| Chande Momentum Oscillator (20): | 0.3 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.20 |
| MA7: | 77.4 | |
| MA20: | 75.4 | |
| MA50: | 74.1 | |
| MA100: | 73.2 | |
| MAexp7: | 78.1 | |
| MAexp20: | 78.0 | |
| MAexp50: | 77.4 | |
| MAexp100: | 76.4 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | +3.45% | |
| Price / MA50: | +5.26% | |
| Price / MA100: | +6.56% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.78% | |
| Price / MAexp100: | +2.09% |
Quotes :
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15 min delayed data
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Euronext Bruxelles