MELEXIS
MELEXIS
- EUR (-)
- 15 min delayed data - Euronext Bruxelles
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MELE
ISIN: BE0165385973

MELEXIS - Daily - Technical analysis published on 11/23/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 81.16 EUR
My targets
89.58 EUR (+5.08%)
95.09 EUR (+11.54%)
My analysis
The strong short-term increase for MELEXIS reinforces the current slightly bullish trend. As long as the price remains above 81.16 EUR, you could take advantage of this bullish acceleration. The first bullish objective is located at 89.58 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 95.09 EUR as an objective. Crossing it would then enable buyers to target 101.83 EUR. A return to 81.16 EUR would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

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
5.7

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The MELEXIS rating is 85.25 EUR. The price registered an increase of +3.71% on the session and was between 82.00 EUR and 85.60 EUR. This implies that the price is at +3.96% from its lowest and at -0.41% from its highest.

82.00
85.60
85.25

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Central Gaps

Opening Gap DOWN

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:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this MELEXIS chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 78.44 81.16 84.77 85.25 89.58 95.09 101.83
Change (%) -7.99% -4.80% -0.56% - +5.08% +11.54% +19.45%
Change -6.81 -4.09 -0.48 - +4.33 +9.84 +16.58
Level Major 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
Standard79.3780.6882.9784.2886.5787.8890.17
Camarilla84.2684.5984.9285.2585.5885.9186.24
Woodie79.8580.9383.4584.5387.0588.1390.65
Fibonacci80.6882.0682.9184.2885.6686.5187.88


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard68.0871.0776.4379.4284.7887.7793.13
Camarilla79.5080.2781.0481.8082.5783.3384.10
Woodie69.2871.6677.6380.0185.9888.3694.33
Fibonacci71.0774.2676.2379.4282.6184.5887.77


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard44.7556.1262.7474.1180.7392.1098.72
Camarilla64.4066.0567.7069.3571.0072.6574.30
Woodie42.3754.9360.3672.9278.3590.9196.34
Fibonacci56.1263.0067.2474.1180.9985.2392.10

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): 70.94
MACD (12,26,9): 1.6100
Directional Movement: 28.87
AROON (14): 100.00
DEMA (21): 79.52
Parabolic SAR (0,02-0,02-0,2): 76.95
Elder Ray (13): 4.47
Super Trend (3,10): 76.56
Zig ZAG (10): 85.25
VORTEX (21): 1.0800
Stochastique (14,3,5): 90.53
TEMA (21): 82.33
Williams %R (14): -2.50
Chande Momentum Oscillator (20): 12.10
Repulse (5,40,3): 4.3600
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 29.22
MA7: 81.76
MA20: 75.33
MA50: 78.12
MA100: 83.42
MAexp7: 81.52
MAexp20: 78.25
MAexp50: 78.84
MAexp100: 81.39
Price / MA7: +4.27%
Price / MA20: +13.17%
Price / MA50: +9.13%
Price / MA100: +2.19%
Price / MAexp7: +4.58%
Price / MAexp20: +8.95%
Price / MAexp50: +8.13%
Price / MAexp100: +4.74%

Quotes : - 15 min delayed data - Euronext Bruxelles

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

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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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