Londinia Opportunities Analyses - 06/08/2023 (GMT) MONTEA - 1H

- EUR (-)
- 15 min delayed data - Euronext Bruxelles
Type: Stocks
Ticker: MONT
ISIN: BE0003853703

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Europe Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Short term: Neutral
Underlying: Bullish
Technical indicators
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.

Analysis too old. There are no more charts available.

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Additional analysis


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.


The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MONTEA:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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:

Central Candlesticks


Type : Neutral

Timeframe : 1 hour


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:

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

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
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 : - 15 min delayed data - Euronext Bruxelles