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MANITOU BF
MANITOU BF
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MTU
ISIN: FR0000038606

MANITOU BF - 1H - Technical analysis published on 12/29/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 23.20 EUR
My targets
24.22 EUR (+2.83%)
24.96 EUR (+5.99%)
My analysis
MANITOU BF 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 23.20 EUR. The next resistance located at 24.22 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 24.96 EUR. After this resistance, buyers could then target 26.24 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 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
8.9

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. Daily Weekly

Additional analysis

Quotes

The MANITOU BF rating is 23.55 EUR. The price has increased by +1.95% since the last closing with the lowest point at 22.90 EUR and the highest point at 23.55 EUR. The deviation from the price is +2.84% for the low point and 0% for the high point.

22.90
23.55
23.55

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by MANITOU BF:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of MANITOU BF indicates that the overall trend is strongly bullish. 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 is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 22.21 22.77 23.20 23.55 23.63 24.96 26.24
Change (%) -5.69% -3.31% -1.49% - +0.34% +5.99% +11.42%
Change -1.34 -0.78 -0.35 - +0.08 +1.41 +2.69
Level Minor Intermediate Minor - Major Minor 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
Standard22.4722.6322.8723.0323.2723.4323.67
Camarilla22.9923.0323.0623.1023.1423.1723.21
Woodie22.5022.6522.9023.0523.3023.4523.70
Fibonacci22.6322.7922.8823.0323.1923.2823.43


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.0821.8222.2823.0223.4824.2224.68
Camarilla22.4222.5322.6422.7522.8622.9723.08
Woodie20.9521.7522.1522.9523.3524.1524.55
Fibonacci21.8222.2822.5623.0223.4823.7624.22


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.7318.7519.9720.9922.2123.2324.45
Camarilla20.5820.7921.0021.2021.4121.6121.82
Woodie17.8418.8020.0821.0422.3223.2824.56
Fibonacci18.7519.6020.1320.9921.8422.3723.23

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): 62.33
MACD (12,26,9): 0.0800
Directional Movement: 16.05
AROON (14): 92.86
DEMA (21): 23.17
Parabolic SAR (0,02-0,02-0,2): 22.90
Elder Ray (13): 0.29
Super Trend (3,10): 22.87
Zig ZAG (10): 23.45
VORTEX (21): 0.9700
Stochastique (14,3,5): 72.62
TEMA (21): 23.26
Williams %R (14): -7.14
Chande Momentum Oscillator (20): 0.40
Repulse (5,40,3): 2.4800
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 1.93
MA7: 23.16
MA20: 22.63
MA50: 21.36
MA100: 22.36
MAexp7: 23.21
MAexp20: 23.09
MAexp50: 23.03
MAexp100: 22.86
Price / MA7: +1.68%
Price / MA20: +4.07%
Price / MA50: +10.25%
Price / MA100: +5.32%
Price / MAexp7: +1.46%
Price / MAexp20: +1.99%
Price / MAexp50: +2.26%
Price / MAexp100: +3.02%

Quotes : - 15 min delayed data - Euronext Paris

News


The latest news and videos published on MANITOU BF at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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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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