MAREL - Daily - Technical analysis published on 04/05/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Additional analysis
Quotes
MAREL rating 3.41 EUR. The price registered an increase of +5.25% on the session and was between 3.28 EUR and 3.45 EUR. This implies that the price is at +3.96% from its lowest and at -1.16% from its highest.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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of MAREL in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
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:
Upside gap
Type : Bullish
Timeframe : Daily
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.03 | 3.21 | 3.34 | 3.41 | 3.46 | 4.10 | 5.56 |
| Change (%) | -11.14% | -5.87% | -2.05% | - | +1.47% | +20.23% | +63.05% |
| Change | -0.38 | -0.20 | -0.07 | - | +0.05 | +0.69 | +2.15 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | 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:
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.08 | 3.12 | 3.18 | 3.22 | 3.28 | 3.32 | 3.38 |
| Camarilla | 3.21 | 3.22 | 3.23 | 3.24 | 3.25 | 3.26 | 3.27 |
| Woodie | 3.09 | 3.13 | 3.19 | 3.23 | 3.29 | 3.33 | 3.39 |
| Fibonacci | 3.12 | 3.16 | 3.18 | 3.22 | 3.26 | 3.28 | 3.32 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.79 | 2.89 | 3.04 | 3.14 | 3.29 | 3.39 | 3.54 |
| Camarilla | 3.13 | 3.15 | 3.18 | 3.20 | 3.22 | 3.25 | 3.27 |
| Woodie | 2.83 | 2.90 | 3.08 | 3.15 | 3.33 | 3.40 | 3.58 |
| Fibonacci | 2.89 | 2.98 | 3.04 | 3.14 | 3.23 | 3.29 | 3.39 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.79 | 2.89 | 3.04 | 3.14 | 3.29 | 3.39 | 3.54 |
| Camarilla | 3.13 | 3.15 | 3.18 | 3.20 | 3.22 | 3.25 | 3.27 |
| Woodie | 2.83 | 2.90 | 3.08 | 3.15 | 3.33 | 3.40 | 3.58 |
| Fibonacci | 2.89 | 2.98 | 3.04 | 3.14 | 3.23 | 3.29 | 3.39 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
| RSI (14): | 72.09 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 21.52 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 3.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.04 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 3.09 | |
| Zig ZAG (10): | 3.40 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 90.23 | |
| TEMA (21): | 3.22 | |
| Williams %R (14): | -10.64 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | 5.8500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 4.34 |
| MA7: | 3.21 | |
| MA20: | 3.16 | |
| MA50: | 3.24 | |
| MA100: | 3.07 | |
| MAexp7: | 3.24 | |
| MAexp20: | 3.19 | |
| MAexp50: | 3.17 | |
| MAexp100: | 3.11 | |
| Price / MA7: | +6.23% | |
| Price / MA20: | +7.91% | |
| Price / MA50: | +5.25% | |
| Price / MA100: | +11.07% | |
| Price / MAexp7: | +5.25% | |
| Price / MAexp20: | +6.90% | |
| Price / MAexp50: | +7.57% | |
| Price / MAexp100: | +9.65% |
News
Don't forget to follow the news on MAREL. At the time of publication of this analysis, the latest news was as follows:
- Teleios Capital Partners: Statement from significant Marel shareholder on JBT transaction agreement
- Teleios Capital Partners: Letter to the Board of Directors of Marel
- Soft Robotics Inc. secures $26M in first close of Series C led by Tyson Ventures. Marel and Johnsonville also invest and join Soft Robotics powerful syndicate.
- Marel: Q3 2022 Investor Meeting Presentation
- Marel: Major shareholder announcement - Eyrir Invest
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