MAIRE - Daily - Technical analysis published on 10/05/2023 (GMT)
- 124
- 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 : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
22%
17%
My opinion
Bullish above 3.753 EUR
My targets
3.969 EUR (+2.14%)
4.331 EUR (+11.45%)
My analysis
The bullish trend is currently very strong on MAIRE TECNIMONT. As long as the price remains above the support at 3.753 EUR, you could try to benefit from the boom. The first bullish objective is located at 3.969 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.331 EUR as an objective. Crossing it would then enable buyers to target 6.411 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
7.3
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
MAIRE TECNIMONT rating 3.886 EUR. The price registered an increase of +5.03% on the session with the lowest point at 3.842 EUR and the highest point at 4.120 EUR. The deviation from the price is +1.15% for the low point and -5.68% for the high point.3.842
4.120
3.886
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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of MAIRE TECNIMONT in Daily 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 11 are bullish, 3 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.510 | 3.640 | 3.753 | 3.886 | 3.969 | 4.331 | 6.411 |
| Change (%) | -9.68% | -6.33% | -3.42% | - | +2.14% | +11.45% | +64.98% |
| Change | -0.376 | -0.246 | -0.133 | - | +0.083 | +0.445 | +2.525 |
| Level | Intermediate | Major | Major | - | Intermediate | 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 | 3.444 | 3.500 | 3.600 | 3.656 | 3.756 | 3.812 | 3.912 |
| Camarilla | 3.657 | 3.671 | 3.686 | 3.700 | 3.714 | 3.729 | 3.743 |
| Woodie | 3.466 | 3.511 | 3.622 | 3.667 | 3.778 | 3.823 | 3.934 |
| Fibonacci | 3.500 | 3.560 | 3.596 | 3.656 | 3.716 | 3.752 | 3.812 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.331 | 3.477 | 3.685 | 3.831 | 4.039 | 4.185 | 4.393 |
| Camarilla | 3.795 | 3.827 | 3.860 | 3.892 | 3.925 | 3.957 | 3.989 |
| Woodie | 3.361 | 3.493 | 3.715 | 3.847 | 4.069 | 4.201 | 4.423 |
| Fibonacci | 3.477 | 3.613 | 3.696 | 3.831 | 3.967 | 4.050 | 4.185 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.227 | 3.395 | 3.643 | 3.811 | 4.059 | 4.227 | 4.475 |
| Camarilla | 3.778 | 3.816 | 3.854 | 3.892 | 3.930 | 3.968 | 4.006 |
| Woodie | 3.268 | 3.415 | 3.684 | 3.831 | 4.100 | 4.247 | 4.516 |
| Fibonacci | 3.395 | 3.554 | 3.652 | 3.811 | 3.970 | 4.068 | 4.227 |
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): | 57.98 | |
| MACD (12,26,9): | 0.0290 | |
| Directional Movement: | 16.724 | |
| AROON (14): | 7.143 | |
| DEMA (21): | 3.782 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.556 | |
| Elder Ray (13): | 0.223 | |
| Super Trend (3,10): | 3.609 | |
| Zig ZAG (10): | 3.884 | |
| VORTEX (21): | 0.9960 | |
| Stochastique (14,3,5): | 37.01 | |
| TEMA (21): | 3.787 | |
| Williams %R (14): | -41.84 | |
| Chande Momentum Oscillator (20): | 0.094 | |
| Repulse (5,40,3): | -7.6040 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1140 | |
| Courbe Coppock: | 1.18 |
| MA7: | 3.783 | |
| MA20: | 3.755 | |
| MA50: | 3.680 | |
| MA100: | 3.584 | |
| MAexp7: | 3.774 | |
| MAexp20: | 3.743 | |
| MAexp50: | 3.691 | |
| MAexp100: | 3.629 | |
| Price / MA7: | +2.72% | |
| Price / MA20: | +3.49% | |
| Price / MA50: | +5.60% | |
| Price / MA100: | +8.43% | |
| Price / MAexp7: | +2.97% | |
| Price / MAexp20: | +3.82% | |
| Price / MAexp50: | +5.28% | |
| Price / MAexp100: | +7.08% |
Quotes :
-
15 min delayed data
-
Italy Stocks
News
The latest news and videos published on MAIRE TECNIMONT at the time of the analysis were as follows:
- NEXTCHEM (MAIRE TECNIMONT GROUP) AWARDED PRE - FEED ENGINEERING SERVICES CONTRACT FOR THE INTEGRATED RENEWABLE HYDROGEN AND GREEN AMMONIA BY MADOQUAPOWER2X IN SINES, PORTUGAL
- NEXTCHEM AWARDED ADVANCED BASIC ENGINEERING STUDY BY STORENGY (ENGIE) FOR A NEW WAY OF PRODUCING BIOMETHANE FROM PYROGASIFICATION OF WASTE WOOD
- Maire Tecnimont Group (MT.MI) Reaches an Agreement With Greenfield Nitrogen LLC for the Development of a Green Ammonia Plant in the United States
- Maire Tecnimont Group (MT.MI) Reaches an Agreement With Greenfield Nitrogen LLC for the Development of a Green Ammonia Plant in the United States
- Maire Tecnimont Group (MT.MI) Reaches an Agreement With Greenfield Nitrogen LLC for the Development of a Green Ammonia Plant in the United States
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 MAIRE - Daily