MITHRA

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	MITRA
ISIN:	BE0974283153

MITHRA - Daily - Technical analysis published on 03/26/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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MITHRA Chart

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 0.3007 EUR

My targets

0.2327 EUR (-9.82%)

0.2040 EUR (-20.93%)

My analysis

The bearish trend is currently very strong for MITHRA. As long as the price remains below the resistance at 0.3007 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.2327 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.2040 EUR as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.3

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.

This analysis was given by Londinia.

Additional analysis

Quotes

The MITHRA price is 0.2580 EUR. On the day, this instrument gained +7.50% and was traded between 0.2450 EUR and 0.2700 EUR over the period. The price is currently at +5.31% from its lowest and -4.44% from its highest.

0.2450

0.2700

0.2580

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

A study of price movements over other periods shows the following variations:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of MITHRA in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

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

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

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.2040	0.2580	0.5238	1.1093	2.0250
Change (%)	-20.93%	-	+103.02%	+329.96%	+684.88%
Change	-0.0540	-	+0.2658	+0.8513	+1.7670
Level	Major	-	Major	Intermediate	Minor

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	0.2203	0.2327	0.2453	0.2577	0.2703	0.2827	0.2953
Camarilla	0.2511	0.2534	0.2557	0.2580	0.2603	0.2626	0.2649
Woodie	0.2205	0.2328	0.2455	0.2578	0.2705	0.2828	0.2955
Fibonacci	0.2327	0.2422	0.2481	0.2577	0.2672	0.2731	0.2827

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.2203	0.2327	0.2453	0.2577	0.2703	0.2827	0.2953
Camarilla	0.2511	0.2534	0.2557	0.2580	0.2603	0.2626	0.2649
Woodie	0.2205	0.2328	0.2455	0.2578	0.2705	0.2828	0.2955
Fibonacci	0.2327	0.2422	0.2481	0.2577	0.2672	0.2731	0.2827

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.3393	0.0803	0.3007	0.7203	0.9407	1.3603	1.5807
Camarilla	0.3450	0.4037	0.4623	0.5210	0.5797	0.6383	0.6970
Woodie	-0.4390	0.0305	0.2010	0.6705	0.8410	1.3105	1.4810
Fibonacci	0.0803	0.3248	0.4759	0.7203	0.9648	1.1159	1.3603

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):	26.78
MACD (12,26,9):	-0.1141
Directional Movement:	-21.3960
AROON (14):	-28.5714
DEMA (21):	0.1579
Parabolic SAR (0,02-0,02-0,2):	0.3332
Elder Ray (13):	-0.0102
Super Trend (3,10):	0.3444
Zig ZAG (10):	0.2580
VORTEX (21):	0.6811
Stochastique (14,3,5):	20.24
TEMA (21):	0.1743
Williams %R (14):	-64.15
Chande Momentum Oscillator (20):	-0.0420
Repulse (5,40,3):	6.3747
ROCnROLL:	2
TRIX (15,9):	-3.6068
Courbe Coppock:	85.09

MA7:	0.2256
MA20:	0.3134
MA50:	0.6322
MA100:	0.9241
MAexp7:	0.2395
MAexp20:	0.3227
MAexp50:	0.5681
MAexp100:	0.8747
Price / MA7:	+14.36%
Price / MA20:	-17.68%
Price / MA50:	-59.19%
Price / MA100:	-72.08%
Price / MAexp7:	+7.72%
Price / MAexp20:	-20.05%
Price / MAexp50:	-54.59%
Price / MAexp100:	-70.50%

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:

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

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