MELEXIS

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MELE
ISIN:	BE0165385973

MELEXIS - 1H - Technical analysis published on 11/16/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 78.44 EUR

My targets

83.75 EUR (+3.27%)

89.58 EUR (+10.46%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MELEXIS as long as the price remains well above 78.44 EUR. The buyers' bullish objective is set at 83.75 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 89.58 EUR. If there is any crossing, the next objective would be the resistance located at 95.09 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.8

Comment on the analysis

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.

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Additional analysis

Quotes

MELEXIS rating 81.10 EUR. The price registered an increase of +4.44% on the session and was between 77.40 EUR and 81.10 EUR. This implies that the price is at +4.78% from its lowest and at 0% from its highest.

77.40

81.10

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of MELEXIS 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	73.40	74.69	78.44	81.10	81.16	83.75	89.58
Change (%)	-9.49%	-7.90%	-3.28%	-	+0.07%	+3.27%	+10.46%
Change	-7.70	-6.41	-2.66	-	+0.06	+2.65	+8.48
Level	Minor	Major	Major	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	74.93	76.17	78.63	79.87	82.33	83.57	86.03
Camarilla	80.08	80.42	80.76	81.10	81.44	81.78	82.12
Woodie	75.55	76.48	79.25	80.18	82.95	83.88	86.65
Fibonacci	76.17	77.58	78.45	79.87	81.28	82.15	83.57

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	69.60	70.80	72.30	73.50	75.00	76.20	77.70
Camarilla	73.06	73.31	73.55	73.80	74.05	74.30	74.54
Woodie	69.75	70.88	72.45	73.58	75.15	76.28	77.85
Fibonacci	70.80	71.83	72.47	73.50	74.53	75.17	76.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	44.75	56.12	62.74	74.11	80.73	92.10	98.72
Camarilla	64.40	66.05	67.70	69.35	71.00	72.65	74.30
Woodie	42.37	54.93	60.36	72.92	78.35	90.91	96.34
Fibonacci	56.12	63.00	67.24	74.11	80.99	85.23	92.10

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):	81.96
MACD (12,26,9):	1.6900
Directional Movement:	37.73
AROON (14):	85.71
DEMA (21):	80.76
Parabolic SAR (0,02-0,02-0,2):	79.93
Elder Ray (13):	1.41
Super Trend (3,10):	79.00
Zig ZAG (10):	81.10
VORTEX (21):	1.4000
Stochastique (14,3,5):	96.63
TEMA (21):	81.52
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	3.75
Repulse (5,40,3):	1.3600
ROCnROLL:	1
TRIX (15,9):	0.2900
Courbe Coppock:	12.14

MA7:	75.34
MA20:	73.48
MA50:	77.89
MA100:	83.70
MAexp7:	80.41
MAexp20:	78.62
MAexp50:	76.34
MAexp100:	75.08
Price / MA7:	+7.65%
Price / MA20:	+10.37%
Price / MA50:	+4.12%
Price / MA100:	-3.11%
Price / MAexp7:	+0.86%
Price / MAexp20:	+3.15%
Price / MAexp50:	+6.24%
Price / MAexp100:	+8.02%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

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

This member declared not having a position on this financial instrument or a related financial instrument.

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