NETMEDIA GROUP - Daily - Technical analysis published on 08/29/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 2.5467 EUR
My targets
2.3022 EUR (-7.91%)
My analysis
NETMEDIA GROUP is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.5467 EUR. The next support located at 2.3022 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NETMEDIA GROUP price is 2.5000 EUR. On the day, this instrument gained +10,145.90% with the lowest point at 2.3000 EUR and the highest point at 2.5000 EUR. The deviation from the price is +8.70% for the low point and 0% for the high point.2.3000
2.5000
2.5000
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NETMEDIA GROUP in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.3022 | 2.5000 | 3.2440 | 3.7850 | 5.0200 |
| Change (%) | -7.91% | - | +29.76% | +51.40% | +100.80% |
| Change | -0.1978 | - | +0.7440 | +1.2850 | +2.5200 |
| Level | Major | - | Intermediate | Intermediate | Minor |
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 | 2.2800 | 2.3200 | 2.3800 | 2.4200 | 2.4800 | 2.5200 | 2.5800 |
| Camarilla | 2.4125 | 2.4217 | 2.4308 | 2.4400 | 2.4492 | 2.4583 | 2.4675 |
| Woodie | 2.2900 | 2.3250 | 2.3900 | 2.4250 | 2.4900 | 2.5250 | 2.5900 |
| Fibonacci | 2.3200 | 2.3582 | 2.3818 | 2.4200 | 2.4582 | 2.4818 | 2.5200 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.0533 | 2.1867 | 2.3333 | 2.4667 | 2.6133 | 2.7467 | 2.8933 |
| Camarilla | 2.4030 | 2.4287 | 2.4543 | 2.4800 | 2.5057 | 2.5313 | 2.5570 |
| Woodie | 2.0600 | 2.1900 | 2.3400 | 2.4700 | 2.6200 | 2.7500 | 2.9000 |
| Fibonacci | 2.1867 | 2.2936 | 2.3597 | 2.4667 | 2.5736 | 2.6397 | 2.7467 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4267 | 1.8333 | 2.5467 | 2.9533 | 3.6667 | 4.0733 | 4.7867 |
| Camarilla | 2.9520 | 3.0547 | 3.1573 | 3.2600 | 3.3627 | 3.4653 | 3.5680 |
| Woodie | 1.5800 | 1.9100 | 2.7000 | 3.0300 | 3.8200 | 4.1500 | 4.9400 |
| Fibonacci | 1.8333 | 2.2612 | 2.5255 | 2.9533 | 3.3812 | 3.6455 | 4.0733 |
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): | 34.09 | |
| MACD (12,26,9): | -0.0933 | |
| Directional Movement: | -8.7503 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 2.4590 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.9880 | |
| Elder Ray (13): | -0.1412 | |
| Super Trend (3,10): | 1.8464 | |
| Zig ZAG (10): | 2.3000 | |
| VORTEX (21): | 0.8630 | |
| Stochastique (14,3,5): | 30.56 | |
| TEMA (21): | 2.4443 | |
| Williams %R (14): | -58.33 | |
| Chande Momentum Oscillator (20): | -0.2600 | |
| Repulse (5,40,3): | 12.1184 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2817 | |
| Courbe Coppock: | 20.45 |
| MA7: | 2.4800 | |
| MA20: | 2.6010 | |
| MA50: | 2.6416 | |
| MA100: | 2.8808 | |
| MAexp7: | 2.4900 | |
| MAexp20: | 2.5642 | |
| MAexp50: | 2.6873 | |
| MAexp100: | 2.9306 | |
| Price / MA7: | +0.81% | |
| Price / MA20: | -3.88% | |
| Price / MA50: | -5.36% | |
| Price / MA100: | -13.22% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | -2.50% | |
| Price / MAexp50: | -6.97% | |
| Price / MAexp100: | -14.69% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on NETMEDIA GROUP at the time of the generation of this analysis was as follows:
Makheia GroupThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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