MAUREL ET PROM - Daily - Technical analysis published on 03/31/2023 (GMT)
- 243
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 3.777 EUR
My targets
3.205 EUR (-6.42%)
3.045 EUR (-11.09%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3.777 EUR remains possible. It is advisable to trade MAUREL ET PROM with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3.777 EUR. The next bearish objective for sellers is set at 3.205 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.045 EUR. In case of crossing, the next objective would be the support located at 2.169 EUR. PS: if there is a bullish break in the resistance located at 3.777 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MAUREL ET PROM price is 3.425 EUR. The price registered a decrease of -0.15% on the session and was traded between 3.400 EUR and 3.440 EUR over the period. The price is currently at +0.74% from its lowest and -0.44% from its highest.3.400
3.440
3.425
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of MAUREL ET PROM indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.169 | 3.045 | 3.205 | 3.425 | 4.049 | 4.400 | 4.770 |
| Change (%) | -36.67% | -11.09% | -6.42% | - | +18.22% | +28.47% | +39.27% |
| Change | -1.256 | -0.380 | -0.220 | - | +0.624 | +0.975 | +1.345 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.257 | 3.293 | 3.362 | 3.398 | 3.467 | 3.503 | 3.572 |
| Camarilla | 3.401 | 3.411 | 3.420 | 3.430 | 3.440 | 3.449 | 3.459 |
| Woodie | 3.273 | 3.301 | 3.378 | 3.406 | 3.483 | 3.511 | 3.588 |
| Fibonacci | 3.293 | 3.333 | 3.358 | 3.398 | 3.438 | 3.463 | 3.503 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.685 | 2.905 | 3.055 | 3.275 | 3.425 | 3.645 | 3.795 |
| Camarilla | 3.103 | 3.137 | 3.171 | 3.205 | 3.239 | 3.273 | 3.307 |
| Woodie | 2.650 | 2.888 | 3.020 | 3.258 | 3.390 | 3.628 | 3.760 |
| Fibonacci | 2.905 | 3.046 | 3.134 | 3.275 | 3.416 | 3.504 | 3.645 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.907 | 3.153 | 3.342 | 3.588 | 3.777 | 4.023 | 4.212 |
| Camarilla | 3.410 | 3.450 | 3.490 | 3.530 | 3.570 | 3.610 | 3.650 |
| Woodie | 2.878 | 3.139 | 3.313 | 3.574 | 3.748 | 4.009 | 4.183 |
| Fibonacci | 3.153 | 3.320 | 3.422 | 3.588 | 3.755 | 3.857 | 4.023 |
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): | 49.22 | |
| MACD (12,26,9): | -0.0580 | |
| Directional Movement: | -3.148 | |
| AROON (14): | -14.286 | |
| DEMA (21): | 3.317 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.536 | |
| Elder Ray (13): | 0.047 | |
| Super Trend (3,10): | 3.103 | |
| Zig ZAG (10): | 3.415 | |
| VORTEX (21): | 0.8980 | |
| Stochastique (14,3,5): | 43.18 | |
| TEMA (21): | 3.322 | |
| Williams %R (14): | -54.55 | |
| Chande Momentum Oscillator (20): | 0.210 | |
| Repulse (5,40,3): | 1.5420 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2990 | |
| Courbe Coppock: | 6.12 |
| MA7: | 3.326 | |
| MA20: | 3.400 | |
| MA50: | 3.540 | |
| MA100: | 3.747 | |
| MAexp7: | 3.365 | |
| MAexp20: | 3.401 | |
| MAexp50: | 3.534 | |
| MAexp100: | 3.733 | |
| Price / MA7: | +2.98% | |
| Price / MA20: | +0.74% | |
| Price / MA50: | -3.25% | |
| Price / MA100: | -8.59% | |
| Price / MAexp7: | +1.78% | |
| Price / MAexp20: | +0.71% | |
| Price / MAexp50: | -3.08% | |
| Price / MAexp100: | -8.25% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on MAUREL ET PROM at the time of the generation of this analysis was as follows:
- Maurel & Prom: 2022 Annual Results
- Maurel & Prom: Financial Calendar – 2022 Full Year Results
- Maurel & Prom: Update on the Acquisition of Wentworth Resources
- Maurel & Prom: End of the exploration campaign on the COR-15 permit in Colombia
- Maurel & Prom: Activity for the Year 2022
This 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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