MELEXIS - 1H - Technical analysis published on 12/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 84.77 EUR
My targets
87.85 EUR (+1.91%)
89.58 EUR (+3.92%)
My analysis
MELEXIS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 84.77 EUR. The next resistance located at 87.85 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 89.58 EUR. After this resistance, buyers could then target 95.09 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.9
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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 MELEXIS price is 86.20 EUR. On the day, this instrument gained +3.05% with the lowest point at 83.30 EUR and the highest point at 86.40 EUR. The deviation from the price is +3.48% for the low point and -0.23% for the high point.83.30
86.40
86.20
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MELEXIS chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 81.16 | 83.35 | 84.77 | 86.20 | 86.40 | 87.85 | 89.58 |
| Change (%) | -5.85% | -3.31% | -1.66% | - | +0.23% | +1.91% | +3.92% |
| Change | -5.04 | -2.85 | -1.43 | - | +0.20 | +1.65 | +3.38 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 | 81.10 | 82.20 | 84.20 | 85.30 | 87.30 | 88.40 | 90.40 |
| Camarilla | 85.35 | 85.63 | 85.92 | 86.20 | 86.48 | 86.77 | 87.05 |
| Woodie | 81.55 | 82.43 | 84.65 | 85.53 | 87.75 | 88.63 | 90.85 |
| Fibonacci | 82.20 | 83.38 | 84.12 | 85.30 | 86.48 | 87.22 | 88.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.83 | 81.12 | 82.83 | 85.12 | 86.83 | 89.12 | 90.83 |
| Camarilla | 83.45 | 83.82 | 84.18 | 84.55 | 84.92 | 85.28 | 85.65 |
| Woodie | 78.55 | 80.98 | 82.55 | 84.98 | 86.55 | 88.98 | 90.55 |
| Fibonacci | 81.12 | 82.65 | 83.59 | 85.12 | 86.65 | 87.59 | 89.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.07 | 59.88 | 72.22 | 80.03 | 92.37 | 100.18 | 112.52 |
| Camarilla | 79.01 | 80.86 | 82.70 | 84.55 | 86.40 | 88.24 | 90.09 |
| Woodie | 54.33 | 61.01 | 74.48 | 81.16 | 94.63 | 101.31 | 114.78 |
| Fibonacci | 59.88 | 67.58 | 72.34 | 80.03 | 87.73 | 92.49 | 100.18 |
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): | 67.26 | |
| MACD (12,26,9): | 0.3100 | |
| Directional Movement: | 16.59 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 85.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 83.73 | |
| Elder Ray (13): | 0.97 | |
| Super Trend (3,10): | 84.76 | |
| Zig ZAG (10): | 86.20 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 92.25 | |
| TEMA (21): | 85.76 | |
| Williams %R (14): | -6.35 | |
| Chande Momentum Oscillator (20): | 2.25 | |
| Repulse (5,40,3): | 0.5700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.15 |
| MA7: | 84.91 | |
| MA20: | 81.71 | |
| MA50: | 79.11 | |
| MA100: | 82.88 | |
| MAexp7: | 85.68 | |
| MAexp20: | 85.09 | |
| MAexp50: | 84.90 | |
| MAexp100: | 83.97 | |
| Price / MA7: | +1.52% | |
| Price / MA20: | +5.50% | |
| Price / MA50: | +8.96% | |
| Price / MA100: | +4.01% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +1.30% | |
| Price / MAexp50: | +1.53% | |
| Price / MAexp100: | +2.66% |
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:
- Melexis Transparency Notification
- Changes to the Shareholding Structure
- Melexis - Application of article 7:97 of the Belgian Code on Companies and Associations
- Melexis - Application of article 7:97 of the Belgian Code on Companies and Associations
- Melexis Q2 2022 results – Second quarter sales of 208.4 million EUR
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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