Londinia Opportunities Analyses - 05/08/2024 (GMT) MONCLER - 1H

- EUR (-)

- 15 min delayed data - Italy Stocks

Type:	Stocks
Ticker:	MONC
ISIN:	IT0004965148

Londinia

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 bearish

Underlying: Strongly bearish

Technical indicators

78%

17%

My opinion

Bearish under 64.36 EUR

My targets

63.34 EUR (-0.94%)

61.09 EUR (-4.46%)

My analysis

The bearish trend is currently very strong for MONCLER. As long as the price remains below the resistance at 64.36 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 63.34 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 61.09 EUR as an objective. Crossing it would then enable sellers to target 56.44 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

8.4

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Additional analysis

Quotes

The MONCLER rating is 63.94 EUR. The price registered a decrease of -0.41% on the session and was traded between 63.84 EUR and 64.30 EUR over the period. The price is currently at +0.16% from its lowest and -0.56% from its highest.

63.84

64.30

63.94

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of MONCLER indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	61.09	63.34	63.74	63.94	64.36	65.37	66.57
Change (%)	-4.46%	-0.94%	-0.31%	-	+0.66%	+2.24%	+4.11%
Change	-2.85	-0.60	-0.20	-	+0.42	+1.43	+2.63
Level	Intermediate	Minor	Intermediate	-	Major	Minor	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	63.19	63.61	63.91	64.33	64.63	65.05	65.35
Camarilla	64.00	64.07	64.13	64.20	64.27	64.33	64.40
Woodie	63.12	63.58	63.84	64.30	64.56	65.02	65.28
Fibonacci	63.61	63.89	64.06	64.33	64.61	64.78	65.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	60.94	62.14	63.22	64.42	65.50	66.70	67.78
Camarilla	63.67	63.88	64.09	64.30	64.51	64.72	64.93
Woodie	60.88	62.11	63.16	64.39	65.44	66.67	67.72
Fibonacci	62.14	63.01	63.55	64.42	65.29	65.83	66.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.61	59.59	61.85	65.83	68.09	72.07	74.33
Camarilla	62.40	62.98	63.55	64.12	64.69	65.26	65.84
Woodie	54.76	59.16	61.00	65.40	67.24	71.64	73.48
Fibonacci	59.59	61.97	63.44	65.83	68.21	69.68	72.07

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):	43.10
MACD (12,26,9):	-0.1700
Directional Movement:	-8.88
AROON (14):	-85.71
DEMA (21):	64.06
Parabolic SAR (0,02-0,02-0,2):	64.52
Elder Ray (13):	-0.28
Super Trend (3,10):	64.84
Zig ZAG (10):	63.92
VORTEX (21):	0.9300
Stochastique (14,3,5):	12.53
TEMA (21):	63.97
Williams %R (14):	-91.30
Chande Momentum Oscillator (20):	-0.22
Repulse (5,40,3):	-0.2900
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	1.40

MA7:	64.21
MA20:	64.85
MA50:	66.33
MA100:	61.34
MAexp7:	64.05
MAexp20:	64.26
MAexp50:	64.50
MAexp100:	64.79
Price / MA7:	-0.42%
Price / MA20:	-1.40%
Price / MA50:	-3.60%
Price / MA100:	+4.24%
Price / MAexp7:	-0.17%
Price / MAexp20:	-0.50%
Price / MAexp50:	-0.87%
Price / MAexp100:	-1.31%

Quotes : - 15 min delayed data - Actions Italie

News

Don't forget to follow the news on MONCLER. At the time of publication of this analysis, the latest news was as follows: