BANCA MEDIOLANUM - Daily - Technical analysis published on 09/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
39%
28%
My opinion
Bullish above 6.762 EUR
My targets
7.198 EUR (+4.93%)
7.645 EUR (+11.44%)
My analysis
BANCA MEDIOLANUM 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 6.762 EUR. The next resistance located at 7.198 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 7.645 EUR. After this resistance, buyers could then target 7.945 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BANCA MEDIOLANUM rating is 6.860 EUR. On the day, this instrument gained +0.15% and was between 6.850 EUR and 6.910 EUR. This implies that the price is at +0.15% from its lowest and at -0.72% from its highest.6.850
6.910
6.860
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BANCA MEDIOLANUM:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BANCA MEDIOLANUM in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.920 | 6.174 | 6.762 | 6.860 | 7.198 | 7.645 | 7.945 |
| Change (%) | -13.70% | -10.00% | -1.43% | - | +4.93% | +11.44% | +15.82% |
| Change | -0.940 | -0.686 | -0.098 | - | +0.338 | +0.785 | +1.085 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate | Intermediate |
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 | 6.760 | 6.805 | 6.860 | 6.905 | 6.960 | 7.005 | 7.060 |
| Camarilla | 6.888 | 6.897 | 6.906 | 6.915 | 6.924 | 6.933 | 6.943 |
| Woodie | 6.765 | 6.808 | 6.865 | 6.908 | 6.965 | 7.008 | 7.065 |
| Fibonacci | 6.805 | 6.843 | 6.867 | 6.905 | 6.943 | 6.967 | 7.005 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.533 | 6.637 | 6.823 | 6.927 | 7.113 | 7.217 | 7.403 |
| Camarilla | 6.930 | 6.957 | 6.983 | 7.010 | 7.037 | 7.063 | 7.090 |
| Woodie | 6.575 | 6.658 | 6.865 | 6.948 | 7.155 | 7.238 | 7.445 |
| Fibonacci | 6.637 | 6.747 | 6.816 | 6.927 | 7.037 | 7.106 | 7.217 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.607 | 5.863 | 6.222 | 6.478 | 6.837 | 7.093 | 7.452 |
| Camarilla | 6.411 | 6.467 | 6.524 | 6.580 | 6.636 | 6.693 | 6.749 |
| Woodie | 5.658 | 5.889 | 6.273 | 6.504 | 6.888 | 7.119 | 7.503 |
| Fibonacci | 5.863 | 6.098 | 6.243 | 6.478 | 6.713 | 6.858 | 7.093 |
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): | 53.55 | |
| MACD (12,26,9): | 0.0960 | |
| Directional Movement: | 3.218 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 6.969 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.103 | |
| Elder Ray (13): | -0.070 | |
| Super Trend (3,10): | 6.689 | |
| Zig ZAG (10): | 6.850 | |
| VORTEX (21): | 1.0540 | |
| Stochastique (14,3,5): | 46.16 | |
| TEMA (21): | 7.001 | |
| Williams %R (14): | -63.86 | |
| Chande Momentum Oscillator (20): | -0.015 | |
| Repulse (5,40,3): | -0.1420 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2350 | |
| Courbe Coppock: | 7.48 |
| MA7: | 6.957 | |
| MA20: | 6.836 | |
| MA50: | 6.651 | |
| MA100: | 6.473 | |
| MAexp7: | 6.917 | |
| MAexp20: | 6.840 | |
| MAexp50: | 6.689 | |
| MAexp100: | 6.528 | |
| Price / MA7: | -1.39% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +3.14% | |
| Price / MA100: | +5.98% | |
| Price / MAexp7: | -0.82% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +2.56% | |
| Price / MAexp100: | +5.09% |
News
The last news published on BANCA MEDIOLANUM at the time of the generation of this analysis was as follows:
Banca MediolanumThis member declared not having a position on this financial instrument or a related financial instrument.
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