MAISONS DU MONDE - 1H - Technical analysis published on 04/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 4.576 EUR
My targets
4.734 EUR (+0.83%)
4.888 EUR (+4.11%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MAISONS DU MONDE as long as the price remains well above 4.576 EUR. The buyers' bullish objective is set at 4.734 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.888 EUR. If there is any crossing, the next objective would be the resistance located at 5.652 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8
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Additional analysis
Quotes
The MAISONS DU MONDE rating is 4.695 EUR. The price registered an increase of +3.87% on the session and was traded between 4.470 EUR and 4.700 EUR over the period. The price is currently at +5.03% from its lowest and -0.11% from its highest.4.470
4.700
4.695
Here is a more detailed summary of the historical variations registered by MAISONS DU MONDE:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MAISONS DU MONDE chart shows a strongly bullish trend. 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.
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:
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 2
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.315 | 4.439 | 4.576 | 4.695 | 4.734 | 4.888 | 5.652 |
| Change (%) | -8.09% | -5.45% | -2.53% | - | +0.83% | +4.11% | +20.38% |
| Change | -0.380 | -0.256 | -0.119 | - | +0.039 | +0.193 | +0.957 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.360 | 4.440 | 4.480 | 4.560 | 4.600 | 4.680 | 4.720 |
| Camarilla | 4.487 | 4.498 | 4.509 | 4.520 | 4.531 | 4.542 | 4.553 |
| Woodie | 4.340 | 4.430 | 4.460 | 4.550 | 4.580 | 4.670 | 4.700 |
| Fibonacci | 4.440 | 4.486 | 4.514 | 4.560 | 4.606 | 4.634 | 4.680 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.740 | 3.960 | 4.240 | 4.460 | 4.740 | 4.960 | 5.240 |
| Camarilla | 4.383 | 4.428 | 4.474 | 4.520 | 4.566 | 4.612 | 4.658 |
| Woodie | 3.770 | 3.975 | 4.270 | 4.475 | 4.770 | 4.975 | 5.270 |
| Fibonacci | 3.960 | 4.151 | 4.269 | 4.460 | 4.651 | 4.769 | 4.960 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.813 | 3.339 | 3.837 | 4.363 | 4.861 | 5.387 | 5.885 |
| Camarilla | 4.054 | 4.148 | 4.242 | 4.336 | 4.430 | 4.524 | 4.618 |
| Woodie | 2.800 | 3.332 | 3.824 | 4.356 | 4.848 | 5.380 | 5.872 |
| Fibonacci | 3.339 | 3.730 | 3.972 | 4.363 | 4.754 | 4.996 | 5.387 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.15 | |
| MACD (12,26,9): | 0.0470 | |
| Directional Movement: | 23.966 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 4.650 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.481 | |
| Elder Ray (13): | 0.074 | |
| Super Trend (3,10): | 4.537 | |
| Zig ZAG (10): | 4.695 | |
| VORTEX (21): | 1.0740 | |
| Stochastique (14,3,5): | 88.96 | |
| TEMA (21): | 4.661 | |
| Williams %R (14): | -2.17 | |
| Chande Momentum Oscillator (20): | 0.095 | |
| Repulse (5,40,3): | 1.9680 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1540 | |
| Courbe Coppock: | 1.38 |
| MA7: | 4.485 | |
| MA20: | 4.493 | |
| MA50: | 4.444 | |
| MA100: | 4.749 | |
| MAexp7: | 4.635 | |
| MAexp20: | 4.587 | |
| MAexp50: | 4.521 | |
| MAexp100: | 4.489 | |
| Price / MA7: | +4.68% | |
| Price / MA20: | +4.50% | |
| Price / MA50: | +5.65% | |
| Price / MA100: | -1.14% | |
| Price / MAexp7: | +1.29% | |
| Price / MAexp20: | +2.35% | |
| Price / MAexp50: | +3.85% | |
| Price / MAexp100: | +4.59% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on MAISONS DU MONDE. At the time of publication of this analysis, the latest news was as follows:
- Maisons du Monde: FY2023 results and Medium-Term Transformation Plan 2024-2026
- Appointment of Denis Lamoureux, new Chief Financial Officer of Maisons du Monde
- MAISONS DU MONDE: FOURTH-QUARTER AND FULL-YEAR 2023 TRADING UPDATE
- Maisons du Monde: Adjustment of 2023 annual objectives considering a deteriorating non-food consumption environment
- Evolution within the Executive Committee of Maisons du Monde
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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