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MFE A
MFE A
- EUR (-)
- 15 min delayed data - Italy Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MFEA
ISIN: NL0015001OI1

MFE A - Daily - Technical analysis published on 11/23/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.9791 EUR
My targets
2.2730 EUR (+7.47%)
2.4102 EUR (+13.96%)
My analysis
The strong short-term increase of MFE A should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 1.9791 EUR, a purchase could be considered. The first bullish objective is located at 2.2730 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 2.4102 EUR. If there is any crossing, the next objective would be the resistance at 2.5601 EUR. Caution, if there is a return under 1.9791 EUR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The MFE A price is 2.1150 EUR. The price has increased by +5.30% since the last closing and was traded between 2.0100 EUR and 2.1455 EUR over the period. The price is currently at +5.22% from its lowest and -1.42% from its highest.

2.0100
2.1455
2.1150

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of MFE A indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is over resistance 1

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



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel 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


S3S2S1PriceR1R2R3
ProTrendLines 1.8374 1.9791 2.0878 2.1150 2.2730 2.4102 2.5601
Change (%) -13.13% -6.43% -1.29% - +7.47% +13.96% +21.04%
Change -0.2776 -0.1359 -0.0272 - +0.1580 +0.2952 +0.4451
Level Major Intermediate Intermediate - Minor Intermediate Major



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
Standard1.94601.97251.99052.01702.03502.06152.0795
Camarilla1.99632.00032.00442.00852.01262.01672.0207
Woodie1.94181.97041.98632.01492.03082.05942.0753
Fibonacci1.97251.98952.00002.01702.03402.04452.0615


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.77971.84391.93802.00222.09632.16052.2546
Camarilla1.98852.00302.01752.03202.04652.06102.0755
Woodie1.79461.85141.95292.00972.11122.16802.2695
Fibonacci1.84391.90441.94182.00222.06272.10012.1605


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.21391.42711.57071.78391.92752.14072.2843
Camarilla1.61631.64901.68171.71441.74711.77981.8125
Woodie1.17921.40971.53601.76651.89282.12332.2496
Fibonacci1.42711.56341.64761.78391.92022.00442.1407

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): 68.53
MACD (12,26,9): 0.0502
Directional Movement: 25.1579
AROON (14): 100.0000
DEMA (21): 1.9962
Parabolic SAR (0,02-0,02-0,2): 1.7967
Elder Ray (13): 0.0956
Super Trend (3,10): 1.8442
Zig ZAG (10): 2.1370
VORTEX (21): 1.2156
Stochastique (14,3,5): 88.07
TEMA (21): 2.0794
Williams %R (14): -2.87
Chande Momentum Oscillator (20): 0.3328
Repulse (5,40,3): 7.6099
ROCnROLL: 1
TRIX (15,9): 0.1593
Courbe Coppock: 31.92
MA7: 2.0311
MA20: 1.8923
MA50: 1.9183
MA100: 2.1237
MAexp7: 2.0308
MAexp20: 1.9496
MAexp50: 1.9643
MAexp100: 2.0265
Price / MA7: +4.13%
Price / MA20: +11.77%
Price / MA50: +10.25%
Price / MA100: -0.41%
Price / MAexp7: +4.15%
Price / MAexp20: +8.48%
Price / MAexp50: +7.67%
Price / MAexp100: +4.37%

Quotes : - 15 min delayed data - Italy Stocks

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

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Londinia
Londinia AI

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