MITHRA - 1H - Technical analysis published on 02/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
MITHRA Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.578 EUR
My targets
0.640 EUR (+10.34%)
0.690 EUR (+18.97%)
My analysis
The current short-term bullish acceleration on MITHRA should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.578 EUR. Short-term buyers will use the resistance located at 0.640 EUR as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.690 EUR. Crossing this resistance would then open the door for buyers to target 0.972 EUR. Caution, if there is a return to under 0.578 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
0
10
3.4
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.
Additional analysis
Quotes
MITHRA rating 0.580 EUR. On the day, this instrument gained +3.39% and was traded between 0.540 EUR and 0.610 EUR over the period. The price is currently at +7.41% from its lowest and -4.92% from its highest.0.540
0.610
0.580
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MITHRA:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of MITHRA indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish 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.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.527 | 0.580 | 0.640 | 0.690 | 0.972 |
| Change (%) | -9.14% | - | +10.34% | +18.97% | +67.59% |
| Change | -0.053 | - | +0.060 | +0.110 | +0.392 |
| Level | Major | - | Minor | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.473 | 0.507 | 0.543 | 0.577 | 0.613 | 0.647 | 0.683 |
| Camarilla | 0.561 | 0.567 | 0.574 | 0.580 | 0.586 | 0.593 | 0.599 |
| Woodie | 0.475 | 0.508 | 0.545 | 0.578 | 0.615 | 0.648 | 0.685 |
| Fibonacci | 0.507 | 0.533 | 0.550 | 0.577 | 0.603 | 0.620 | 0.647 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.379 | 0.440 | 0.517 | 0.578 | 0.655 | 0.716 | 0.793 |
| Camarilla | 0.555 | 0.568 | 0.580 | 0.593 | 0.606 | 0.618 | 0.631 |
| Woodie | 0.386 | 0.444 | 0.524 | 0.582 | 0.662 | 0.720 | 0.800 |
| Fibonacci | 0.440 | 0.493 | 0.526 | 0.578 | 0.631 | 0.664 | 0.716 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.777 | 0.943 | 1.027 | 1.193 | 1.277 | 1.443 | 1.527 |
| Camarilla | 1.041 | 1.064 | 1.087 | 1.110 | 1.133 | 1.156 | 1.179 |
| Woodie | 0.735 | 0.923 | 0.985 | 1.173 | 1.235 | 1.423 | 1.485 |
| Fibonacci | 0.943 | 1.039 | 1.098 | 1.193 | 1.289 | 1.348 | 1.443 |
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): | 53.89 | |
| MACD (12,26,9): | 0.0050 | |
| Directional Movement: | 5.614 | |
| AROON (14): | 64.285 | |
| DEMA (21): | 0.574 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.549 | |
| Elder Ray (13): | 0.011 | |
| Super Trend (3,10): | 0.533 | |
| Zig ZAG (10): | 0.580 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 44.76 | |
| TEMA (21): | 0.578 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | 0.030 | |
| Repulse (5,40,3): | -2.3560 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 2.86 |
| MA7: | 0.560 | |
| MA20: | 0.818 | |
| MA50: | 1.032 | |
| MA100: | 1.128 | |
| MAexp7: | 0.575 | |
| MAexp20: | 0.569 | |
| MAexp50: | 0.575 | |
| MAexp100: | 0.645 | |
| Price / MA7: | +3.57% | |
| Price / MA20: | -29.10% | |
| Price / MA50: | -43.80% | |
| Price / MA100: | -48.58% | |
| Price / MAexp7: | +0.87% | |
| Price / MAexp20: | +1.93% | |
| Price / MAexp50: | +0.87% | |
| Price / MAexp100: | -10.08% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on MITHRA at the time of the analysis were as follows:
- Mithra updates on cash position
- Mithra and Rafa Laboratories sign binding Head of Terms to commercialize DONESTA® in Israel
- Mithra Completes Pediatric Study of ESTELLE® in Adolescent Patients
- Mithra Receives Positive DSMB Opinion on DONESTA® European Phase 3 Trial
- Mithra receives guidance from the FDA for the DONESTA® NDA marketing authorization filing in the United States
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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