ATRESMEDIA - Daily - Technical analysis published on 01/29/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 3.357 EUR
My targets
2.956 EUR (-6.51%)
My analysis
ATRESMEDIA is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.357 EUR. The next support located at 2.956 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ATRESMEDIA rating is 3.162 EUR. On the day, this instrument lost +0.06% and was between 3.144 EUR and 3.190 EUR. This implies that the price is at +0.57% from its lowest and at -0.88% from its highest.3.144
3.190
3.162
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ATRESMEDIA indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
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:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.956 | 3.156 | 3.162 | 3.357 | 3.672 | 3.957 |
| Change (%) | -6.51% | -0.19% | - | +6.17% | +16.13% | +25.14% |
| Change | -0.206 | -0.006 | - | +0.195 | +0.510 | +0.795 |
| Level | Major | Major | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.057 | 3.093 | 3.127 | 3.163 | 3.197 | 3.233 | 3.267 |
| Camarilla | 3.141 | 3.147 | 3.154 | 3.160 | 3.166 | 3.173 | 3.179 |
| Woodie | 3.055 | 3.093 | 3.125 | 3.163 | 3.195 | 3.233 | 3.265 |
| Fibonacci | 3.093 | 3.120 | 3.137 | 3.163 | 3.190 | 3.207 | 3.233 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.016 | 3.108 | 3.166 | 3.258 | 3.316 | 3.408 | 3.466 |
| Camarilla | 3.183 | 3.197 | 3.210 | 3.224 | 3.238 | 3.252 | 3.265 |
| Woodie | 2.999 | 3.100 | 3.149 | 3.250 | 3.299 | 3.400 | 3.449 |
| Fibonacci | 3.108 | 3.165 | 3.201 | 3.258 | 3.315 | 3.351 | 3.408 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.017 | 3.235 | 3.358 | 3.576 | 3.700 | 3.917 | 4.041 |
| Camarilla | 3.388 | 3.419 | 3.451 | 3.482 | 3.513 | 3.545 | 3.576 |
| Woodie | 2.970 | 3.211 | 3.311 | 3.552 | 3.653 | 3.894 | 3.994 |
| Fibonacci | 3.235 | 3.365 | 3.445 | 3.576 | 3.706 | 3.787 | 3.917 |
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): | 23.52 | |
| MACD (12,26,9): | -0.0920 | |
| Directional Movement: | -21.463 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 3.194 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.260 | |
| Elder Ray (13): | -0.094 | |
| Super Trend (3,10): | 3.374 | |
| Zig ZAG (10): | 3.154 | |
| VORTEX (21): | 0.7340 | |
| Stochastique (14,3,5): | 10.34 | |
| TEMA (21): | 3.148 | |
| Williams %R (14): | -92.65 | |
| Chande Momentum Oscillator (20): | -0.182 | |
| Repulse (5,40,3): | -3.1440 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3530 | |
| Courbe Coppock: | 11.44 |
| MA7: | 3.224 | |
| MA20: | 3.319 | |
| MA50: | 3.495 | |
| MA100: | 3.484 | |
| MAexp7: | 3.212 | |
| MAexp20: | 3.310 | |
| MAexp50: | 3.419 | |
| MAexp100: | 3.480 | |
| Price / MA7: | -1.92% | |
| Price / MA20: | -4.73% | |
| Price / MA50: | -9.53% | |
| Price / MA100: | -9.24% | |
| Price / MAexp7: | -1.56% | |
| Price / MAexp20: | -4.47% | |
| Price / MAexp50: | -7.52% | |
| Price / MAexp100: | -9.14% |
News
The last news published on ATRESMEDIA at the time of the generation of this analysis was as follows:
ATRESMEDIA de MediosThis member declared not having a position on this financial instrument or a related financial instrument.
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