Londinia Opportunities Analyses - 04/26/2024 (GMT) MERLIN PROP. - 1H
-
EUR
(-)
-
15 min delayed data - Spain Stocks
| Type: | Stocks |
| Ticker: | MRL |
| ISIN: | ES0105025003 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 10.380 EUR
My targets
10.500 EUR (+0.57%)
10.740 EUR (+2.87%)
My analysis
MERLIN PROP. 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 10.380 EUR. The next resistance located at 10.500 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 10.740 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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.
Additional analysis
Quotes
The MERLIN PROP. rating is 10.440 EUR. The price registered an increase of +0.87% on the session and was traded between 10.310 EUR and 10.490 EUR over the period. The price is currently at +1.26% from its lowest and -0.48% from its highest.10.310
10.490
10.440
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MERLIN PROP.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MERLIN PROP. chart shows a strongly 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 does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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 triangle
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 9.708 | 10.120 | 10.380 | 10.440 | 10.500 | 10.740 |
| Change (%) | -7.01% | -3.07% | -0.57% | - | +0.57% | +2.87% |
| Change | -0.732 | -0.320 | -0.060 | - | +0.060 | +0.300 |
| Level | Minor | Major | Minor | - | Major | Intermediate |
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 | 10.023 | 10.157 | 10.253 | 10.387 | 10.483 | 10.617 | 10.713 |
| Camarilla | 10.287 | 10.308 | 10.329 | 10.350 | 10.371 | 10.392 | 10.413 |
| Woodie | 10.005 | 10.148 | 10.235 | 10.378 | 10.465 | 10.608 | 10.695 |
| Fibonacci | 10.157 | 10.245 | 10.299 | 10.387 | 10.475 | 10.529 | 10.617 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.402 | 9.583 | 9.897 | 10.078 | 10.392 | 10.573 | 10.887 |
| Camarilla | 10.074 | 10.119 | 10.165 | 10.210 | 10.255 | 10.301 | 10.346 |
| Woodie | 9.468 | 9.616 | 9.963 | 10.111 | 10.458 | 10.606 | 10.953 |
| Fibonacci | 9.583 | 9.772 | 9.889 | 10.078 | 10.267 | 10.384 | 10.573 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.852 | 8.298 | 9.137 | 9.583 | 10.422 | 10.868 | 11.707 |
| Camarilla | 9.622 | 9.739 | 9.857 | 9.975 | 10.093 | 10.211 | 10.328 |
| Woodie | 8.048 | 8.396 | 9.333 | 9.681 | 10.618 | 10.966 | 11.903 |
| Fibonacci | 8.298 | 8.789 | 9.093 | 9.583 | 10.074 | 10.378 | 10.868 |
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): | 56.77 | |
| MACD (12,26,9): | 0.0230 | |
| Directional Movement: | 16.779 | |
| AROON (14): | 57.143 | |
| DEMA (21): | 10.417 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.502 | |
| Elder Ray (13): | 0.048 | |
| Super Trend (3,10): | 10.492 | |
| Zig ZAG (10): | 10.440 | |
| VORTEX (21): | 0.9640 | |
| Stochastique (14,3,5): | 72.09 | |
| TEMA (21): | 10.407 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | 0.100 | |
| Repulse (5,40,3): | 0.3970 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0250 | |
| Courbe Coppock: | 1.83 |
| MA7: | 10.341 | |
| MA20: | 10.009 | |
| MA50: | 9.512 | |
| MA100: | 9.552 | |
| MAexp7: | 10.415 | |
| MAexp20: | 10.386 | |
| MAexp50: | 10.318 | |
| MAexp100: | 10.181 | |
| Price / MA7: | +0.96% | |
| Price / MA20: | +4.31% | |
| Price / MA50: | +9.76% | |
| Price / MA100: | +9.30% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.52% | |
| Price / MAexp50: | +1.18% | |
| Price / MAexp100: | +2.54% |
Quotes :
-
15 min delayed data
-
Actions Espagne