MELIA HOTELS - 1H - Technical analysis published on 02/07/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 7.120 EUR
My targets
7.380 EUR (+1.03%)
7.568 EUR (+3.60%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MELIA HOTELS as long as the price remains well above 7.120 EUR. The buyers' bullish objective is set at 7.380 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.568 EUR. If there is any crossing, the next objective would be the resistance located at 7.730 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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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 rating is 7.305 EUR. On the day, this instrument lost -0.14% and was between 7.200 EUR and 7.355 EUR. This implies that the price is at +1.46% from its lowest and at -0.68% from its highest.7.200
7.355
7.305
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of MELIA HOTELS indicates that the overall trend is strongly bullish. 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 market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.880 | 7.020 | 7.120 | 7.305 | 7.380 | 7.568 | 7.730 |
| Change (%) | -5.82% | -3.90% | -2.53% | - | +1.03% | +3.60% | +5.82% |
| Change | -0.425 | -0.285 | -0.185 | - | +0.075 | +0.263 | +0.425 |
| Level | Minor | Minor | Intermediate | - | Intermediate | 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 | 7.042 | 7.098 | 7.207 | 7.263 | 7.372 | 7.428 | 7.537 |
| Camarilla | 7.270 | 7.285 | 7.300 | 7.315 | 7.330 | 7.345 | 7.360 |
| Woodie | 7.068 | 7.111 | 7.233 | 7.276 | 7.398 | 7.441 | 7.563 |
| Fibonacci | 7.098 | 7.161 | 7.200 | 7.263 | 7.326 | 7.365 | 7.428 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.707 | 6.828 | 7.017 | 7.138 | 7.327 | 7.448 | 7.637 |
| Camarilla | 7.120 | 7.148 | 7.177 | 7.205 | 7.233 | 7.262 | 7.290 |
| Woodie | 6.740 | 6.845 | 7.050 | 7.155 | 7.360 | 7.465 | 7.670 |
| Fibonacci | 6.828 | 6.947 | 7.020 | 7.138 | 7.257 | 7.330 | 7.448 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.047 | 6.388 | 6.797 | 7.138 | 7.547 | 7.888 | 8.297 |
| Camarilla | 6.999 | 7.068 | 7.136 | 7.205 | 7.274 | 7.343 | 7.411 |
| Woodie | 6.080 | 6.405 | 6.830 | 7.155 | 7.580 | 7.905 | 8.330 |
| Fibonacci | 6.388 | 6.675 | 6.852 | 7.138 | 7.425 | 7.602 | 7.888 |
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): | 60.76 | |
| MACD (12,26,9): | 0.0230 | |
| Directional Movement: | 2.704 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 7.283 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.187 | |
| Elder Ray (13): | 0.029 | |
| Super Trend (3,10): | 7.171 | |
| Zig ZAG (10): | 7.305 | |
| VORTEX (21): | 1.0470 | |
| Stochastique (14,3,5): | 73.56 | |
| TEMA (21): | 7.292 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.125 | |
| Repulse (5,40,3): | 0.4550 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0230 | |
| Courbe Coppock: | 2.25 |
| MA7: | 7.225 | |
| MA20: | 7.059 | |
| MA50: | 7.163 | |
| MA100: | 6.981 | |
| MAexp7: | 7.288 | |
| MAexp20: | 7.256 | |
| MAexp50: | 7.220 | |
| MAexp100: | 7.175 | |
| Price / MA7: | +1.11% | |
| Price / MA20: | +3.48% | |
| Price / MA50: | +1.98% | |
| Price / MA100: | +4.64% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.68% | |
| Price / MAexp50: | +1.18% | |
| Price / MAexp100: | +1.81% |
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:
- From Saigon to Serenity: Discover Family Fun at Meliá Ho Tram Beach Resort
- Meliá Hotels International and Falcon's Beyond Debut Falcon’s Resort by Meliá | All Suites Punta Cana
- Meliá Hotels International and tennis player Rafa Nadal create a new lifestyle hotel brand named ZEL
- 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
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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