MEDIANTECHNOLOGIES - Daily - Technical analysis published on 09/23/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
50%
28%
My opinion
Bearish under 4.850 EUR
My targets
4.180 EUR (-7.11%)
3.763 EUR (-16.38%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for MEDIANTECHNOLOGIES as long as the price remains well below 4.850 EUR. The next bearish objective for sellers is set at 4.180 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.763 EUR. In case of crossing, the next objective would be the support located at 2.963 EUR. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 4.180 EUR. With this support, against the trend traders who want to buy MEDIANTECHNOLOGIES on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.3
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Additional analysis
Quotes
MEDIANTECHNOLOGIES rating 4.500 EUR. The price is lower by -0.11% since the last closing and was traded between 4.175 EUR and 4.675 EUR over the period. The price is currently at +7.78% from its lowest and -3.74% from its highest.4.175
4.675
4.500
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
Here is a more detailed summary of the historical variations registered by MEDIANTECHNOLOGIES:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of MEDIANTECHNOLOGIES indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 2.963 | 3.763 | 4.180 | 4.500 | 5.070 | 5.963 | 6.800 |
| Change (%) | -34.16% | -16.38% | -7.11% | - | +12.67% | +32.51% | +51.11% |
| Change | -1.537 | -0.737 | -0.320 | - | +0.570 | +1.463 | +2.300 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 3.725 | 3.950 | 4.225 | 4.450 | 4.725 | 4.950 | 5.225 |
| Camarilla | 4.363 | 4.408 | 4.454 | 4.500 | 4.546 | 4.592 | 4.638 |
| Woodie | 3.750 | 3.963 | 4.250 | 4.463 | 4.750 | 4.963 | 5.250 |
| Fibonacci | 3.950 | 4.141 | 4.259 | 4.450 | 4.641 | 4.759 | 4.950 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.140 | 3.485 | 3.995 | 4.340 | 4.850 | 5.195 | 5.705 |
| Camarilla | 4.270 | 4.348 | 4.427 | 4.505 | 4.583 | 4.662 | 4.740 |
| Woodie | 3.223 | 3.526 | 4.078 | 4.381 | 4.933 | 5.236 | 5.788 |
| Fibonacci | 3.485 | 3.812 | 4.013 | 4.340 | 4.667 | 4.868 | 5.195 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.333 | 1.633 | 3.827 | 5.793 | 7.987 | 9.953 | 12.147 |
| Camarilla | 4.876 | 5.257 | 5.639 | 6.020 | 6.401 | 6.783 | 7.164 |
| Woodie | -0.220 | 1.690 | 3.940 | 5.850 | 8.100 | 10.010 | 12.260 |
| Fibonacci | 1.633 | 3.223 | 4.204 | 5.793 | 7.383 | 8.364 | 9.953 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.04 | |
| MACD (12,26,9): | -0.3290 | |
| Directional Movement: | 1.716 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 4.490 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.685 | |
| Elder Ray (13): | -0.180 | |
| Super Trend (3,10): | 5.564 | |
| Zig ZAG (10): | 4.500 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 21.17 | |
| TEMA (21): | 3.949 | |
| Williams %R (14): | -70.61 | |
| Chande Momentum Oscillator (20): | -1.440 | |
| Repulse (5,40,3): | 9.6570 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5670 | |
| Courbe Coppock: | 57.64 |
| MA7: | 4.256 | |
| MA20: | 5.103 | |
| MA50: | 4.911 | |
| MA100: | 3.983 | |
| MAexp7: | 4.375 | |
| MAexp20: | 4.818 | |
| MAexp50: | 4.758 | |
| MAexp100: | 4.343 | |
| Price / MA7: | +5.73% | |
| Price / MA20: | -11.82% | |
| Price / MA50: | -8.37% | |
| Price / MA100: | +12.98% | |
| Price / MAexp7: | +2.86% | |
| Price / MAexp20: | -6.60% | |
| Price / MAexp50: | -5.42% | |
| Price / MAexp100: | +3.62% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on MEDIANTECHNOLOGIES at the time of the generation of this analysis was as follows:
- Median Technologies Reports 2023 Revenue and Summarizes 2024 Strategic Outlook
- Median Technologies: Disclosure of Total Number of Voting Rights and Number of Shares in the Capital as of July 31st, 2023
- Median Technologies: Financial Communication Schedule for the Second Half of 2023
- Portzamparc Groupe BNP Paribas Initiates the Coverage of Median Technologies with a “Strong Buy” Recommendation
- Median Technologies to Host Two Webcasts and Provide a Company Update on July 20, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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