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 04/25/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 81.60 EUR

My targets

84.73 EUR (+2.33%)

89.58 EUR (+8.19%)

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 81.60 EUR. The next resistance located at 84.73 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 92.75 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.

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

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 82.80 EUR. On the day, this instrument gained +17.28% and was traded between 77.45 EUR and 85.60 EUR over the period. The price is currently at +6.91% from its lowest and -3.27% from its highest.

77.45

85.60

82.80

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MELEXIS:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this 1H chart of MELEXIS indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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:

RSI indicator is overbought : over 70

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 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	77.45	78.44	81.60	82.80	84.73	89.58	92.75
Change (%)	-6.46%	-5.27%	-1.45%	-	+2.33%	+8.19%	+12.02%
Change	-5.35	-4.36	-1.20	-	+1.93	+6.78	+9.95
Level	Minor	Major	Minor	-	Intermediate	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	70.15	73.80	78.30	81.95	86.45	90.10	94.60
Camarilla	80.56	81.31	82.05	82.80	83.55	84.29	85.04
Woodie	70.58	74.01	78.73	82.16	86.88	90.31	95.03
Fibonacci	73.80	76.91	78.84	81.95	85.06	86.99	90.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.83	66.72	68.93	71.82	74.03	76.92	79.13
Camarilla	69.75	70.22	70.68	71.15	71.62	72.09	72.55
Woodie	63.50	66.55	68.60	71.65	73.70	76.75	78.80
Fibonacci	66.72	68.67	69.87	71.82	73.77	74.97	76.92

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.98	68.82	71.98	76.82	79.98	84.82	87.98
Camarilla	72.95	73.68	74.42	75.15	75.88	76.62	77.35
Woodie	63.15	68.40	71.15	76.40	79.15	84.40	87.15
Fibonacci	68.82	71.87	73.76	76.82	79.87	81.76	84.82

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):	73.34
MACD (12,26,9):	3.4400
Directional Movement:	31.72
AROON (14):	64.28
DEMA (21):	82.38
Parabolic SAR (0,02-0,02-0,2):	76.96
Elder Ray (13):	2.57
Super Trend (3,10):	80.27
Zig ZAG (10):	82.80
VORTEX (21):	1.1300
Stochastique (14,3,5):	88.83
TEMA (21):	85.05
Williams %R (14):	-17.72
Chande Momentum Oscillator (20):	12.65
Repulse (5,40,3):	-1.7200
ROCnROLL:	1
TRIX (15,9):	0.4900
Courbe Coppock:	36.83

MA7:	73.20
MA20:	74.34
MA50:	76.65
MA100:	80.47
MAexp7:	82.63
MAexp20:	78.39
MAexp50:	75.27
MAexp100:	74.53
Price / MA7:	+13.11%
Price / MA20:	+11.38%
Price / MA50:	+8.02%
Price / MA100:	+2.90%
Price / MAexp7:	+0.21%
Price / MAexp20:	+5.63%
Price / MAexp50:	+10.00%
Price / MAexp100:	+11.10%

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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