MAUREL ET PROM

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MAU
ISIN:	FR0000051070

MAUREL ET PROM - Weekly - Technical analysis published on 05/03/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 5.530 EUR

My targets

6.530 EUR (+9.11%)

6.930 EUR (+15.79%)

My analysis

MAUREL ET PROM is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.530 EUR. The next resistance located at 6.530 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6.930 EUR. After this resistance, buyers could then target 9.818 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

7.3

Comment on the analysis

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 pierrott. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MAUREL ET PROM price is 5.985 EUR. The price registered a decrease of -2.60% over 5 days with the lowest point at 5.785 EUR and the highest point at 6.160 EUR. The deviation from the price is +3.46% for the low point and -2.84% for the high point.

5.785

6.160

5.985

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MAUREL ET PROM:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of MAUREL ET PROM in Weekly shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Weekly

An assessment of technical indicators shows a slightly bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Weekly

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.683	5.005	5.832	5.985	6.930	9.818	11.658
Change (%)	-38.46%	-16.37%	-2.56%	-	+15.79%	+64.04%	+94.79%
Change	-2.302	-0.980	-0.153	-	+0.945	+3.833	+5.673
Level	Major	Major	Major	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.605	5.695	5.780	5.870	5.955	6.045	6.130
Camarilla	5.817	5.833	5.849	5.865	5.881	5.897	5.913
Woodie	5.603	5.694	5.778	5.869	5.953	6.044	6.128
Fibonacci	5.695	5.762	5.803	5.870	5.937	5.978	6.045

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.528	5.752	5.948	6.172	6.368	6.592	6.788
Camarilla	6.030	6.068	6.107	6.145	6.184	6.222	6.261
Woodie	5.515	5.745	5.935	6.165	6.355	6.585	6.775
Fibonacci	5.752	5.912	6.011	6.172	6.332	6.431	6.592

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.530	5.080	5.530	6.080	6.530	7.080	7.530
Camarilla	5.705	5.797	5.888	5.980	6.072	6.163	6.255
Woodie	4.480	5.055	5.480	6.055	6.480	7.055	7.480
Fibonacci	5.080	5.462	5.698	6.080	6.462	6.698	7.080

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.11
MACD (12,26,9):	0.2490
Directional Movement:	11.407
AROON (14):	50.000
DEMA (21):	6.019
Parabolic SAR (0,02-0,02-0,2):	5.289
Elder Ray (13):	0.160
Super Trend (3,10):	4.931
Zig ZAG (10):	6.030
VORTEX (21):	0.9700
Stochastique (14,3,5):	72.19
TEMA (21):	5.997
Williams %R (14):	-31.09
Chande Momentum Oscillator (20):	0.725
Repulse (5,40,3):	2.4650
ROCnROLL:	1
TRIX (15,9):	0.5350
Courbe Coppock:	16.65

MA7:	6.069
MA20:	6.151
MA50:	5.652
MA100:	5.603
MAexp7:	5.972
MAexp20:	5.690
MAexp50:	5.174
MAexp100:	4.533
Price / MA7:	-1.38%
Price / MA20:	-2.70%
Price / MA50:	+5.89%
Price / MA100:	+6.82%
Price / MAexp7:	+0.13%
Price / MAexp20:	+5.10%
Price / MAexp50:	+15.58%
Price / MAexp100:	+31.92%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on MAUREL ET PROM at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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