MELIA HOTELS - Daily - Technical analysis published on 11/17/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Bullish above 4.804 EUR
My targets
5.346 EUR (+6.39%)
5.784 EUR (+15.10%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for MELIA HOTELS as long as the price remains well above 4.804 EUR. The buyers' bullish objective is set at 5.346 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.784 EUR. If there is any crossing, the next objective would be the resistance located at 6.520 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 5.346 EUR. On this resistance, against the trend traders who would like to go short on MELIA HOTELS with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MELIA HOTELS price is 5.025 EUR. The price has increased by +0.70% since the last closing and was between 4.992 EUR and 5.120 EUR. This implies that the price is at +0.66% from its lowest and at -1.86% from its highest.4.992
5.120
5.025
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
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 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MELIA HOTELS indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. 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. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.126 | 4.490 | 4.804 | 5.025 | 5.346 | 6.520 | 6.961 |
| Change (%) | -17.89% | -10.65% | -4.40% | - | +6.39% | +29.75% | +38.53% |
| Change | -0.899 | -0.535 | -0.221 | - | +0.321 | +1.495 | +1.936 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Minor |
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 | 4.827 | 4.891 | 4.941 | 5.005 | 5.055 | 5.119 | 5.169 |
| Camarilla | 4.959 | 4.969 | 4.980 | 4.990 | 5.001 | 5.011 | 5.021 |
| Woodie | 4.819 | 4.888 | 4.933 | 5.002 | 5.047 | 5.116 | 5.161 |
| Fibonacci | 4.891 | 4.935 | 4.962 | 5.005 | 5.049 | 5.076 | 5.119 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.420 | 4.585 | 4.825 | 4.990 | 5.230 | 5.395 | 5.635 |
| Camarilla | 4.954 | 4.991 | 5.028 | 5.065 | 5.102 | 5.139 | 5.176 |
| Woodie | 4.458 | 4.604 | 4.863 | 5.009 | 5.268 | 5.414 | 5.673 |
| Fibonacci | 4.585 | 4.740 | 4.835 | 4.990 | 5.145 | 5.240 | 5.395 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.450 | 3.756 | 4.228 | 4.534 | 5.006 | 5.312 | 5.784 |
| Camarilla | 4.486 | 4.557 | 4.629 | 4.700 | 4.771 | 4.843 | 4.914 |
| Woodie | 3.533 | 3.798 | 4.311 | 4.576 | 5.089 | 5.354 | 5.867 |
| Fibonacci | 3.756 | 4.053 | 4.237 | 4.534 | 4.831 | 5.015 | 5.312 |
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): | 62.82 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 11.733 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 4.912 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.942 | |
| Elder Ray (13): | 0.152 | |
| Super Trend (3,10): | 4.607 | |
| Zig ZAG (10): | 5.040 | |
| VORTEX (21): | 1.1810 | |
| Stochastique (14,3,5): | 77.84 | |
| TEMA (21): | 5.103 | |
| Williams %R (14): | -19.33 | |
| Chande Momentum Oscillator (20): | 0.317 | |
| Repulse (5,40,3): | -0.8210 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1050 | |
| Courbe Coppock: | 18.65 |
| MA7: | 5.003 | |
| MA20: | 4.771 | |
| MA50: | 4.838 | |
| MA100: | 5.419 | |
| MAexp7: | 4.979 | |
| MAexp20: | 4.846 | |
| MAexp50: | 4.968 | |
| MAexp100: | 5.354 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | +5.32% | |
| Price / MA50: | +3.87% | |
| Price / MA100: | -7.27% | |
| Price / MAexp7: | +0.92% | |
| Price / MAexp20: | +3.69% | |
| Price / MAexp50: | +1.15% | |
| Price / MAexp100: | -6.14% |
Quotes :
-
15 min delayed data
-
Spain Stocks
News
The last news published on MELIA HOTELS at the time of the generation of this analysis was as follows:
- Meliá Hotels International and Falcon’s Beyond Announce Falcon’s Resorts by Meliá
- Meliá Hotels International Accelerates Digital Transformation with Dynatrace During Global Travel Resurgence
-
Georgia frees jailed opposition leader Nika Melia after EU posts bail
-
Georgian police storm opposition HQ to arrest leader Nika Melia
- Meliá Hotels International results for the first half of 2019
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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