MYNARIC AGNA O.N. - 1H - Technical analysis published on 10/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 5.79 EUR
My targets
6.27 EUR (+5.61%)
6.40 EUR (+7.74%)
My analysis
MYNARIC AGNA O.N. 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 5.79 EUR. The next resistance located at 6.27 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 6.40 EUR. After this resistance, buyers could then target 13.50 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
8.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MYNARIC AGNA O.N. rating 5.94 EUR. The price registered an increase of +15.12% on the session and was traded between 5.24 EUR and 5.98 EUR over the period. The price is currently at +13.36% from its lowest and -0.67% from its highest.5.24
5.98
5.94
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of MYNARIC AGNA O.N. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
Upside gap
Type : Bullish
Timeframe : 1 hour
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.41 | 4.89 | 5.30 | 5.94 | 6.40 | 13.50 | 15.55 |
| Change (%) | -25.76% | -17.68% | -10.77% | - | +7.74% | +127.27% | +161.78% |
| Change | -1.53 | -1.05 | -0.64 | - | +0.46 | +7.56 | +9.61 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 5.07 | 5.09 | 5.13 | 5.15 | 5.19 | 5.21 | 5.25 |
| Camarilla | 5.14 | 5.15 | 5.16 | 5.16 | 5.17 | 5.17 | 5.18 |
| Woodie | 5.07 | 5.10 | 5.13 | 5.16 | 5.19 | 5.22 | 5.25 |
| Fibonacci | 5.09 | 5.12 | 5.13 | 5.15 | 5.18 | 5.19 | 5.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.43 | 3.91 | 4.61 | 5.09 | 5.79 | 6.27 | 6.97 |
| Camarilla | 4.98 | 5.08 | 5.19 | 5.30 | 5.41 | 5.52 | 5.63 |
| Woodie | 3.53 | 3.97 | 4.71 | 5.15 | 5.89 | 6.33 | 7.07 |
| Fibonacci | 3.91 | 4.36 | 4.64 | 5.09 | 5.54 | 5.82 | 6.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.07 | 0.70 | 2.85 | 4.62 | 6.77 | 8.54 | 10.69 |
| Camarilla | 3.91 | 4.27 | 4.63 | 4.99 | 5.35 | 5.71 | 6.07 |
| Woodie | -0.89 | 0.80 | 3.03 | 4.72 | 6.95 | 8.64 | 10.87 |
| Fibonacci | 0.70 | 2.20 | 3.13 | 4.62 | 6.12 | 7.05 | 8.54 |
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): | 72.29 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 42.93 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 5.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.83 | |
| Elder Ray (13): | 0.53 | |
| Super Trend (3,10): | 5.35 | |
| Zig ZAG (10): | 5.90 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 86.46 | |
| TEMA (21): | 5.35 | |
| Williams %R (14): | -7.27 | |
| Chande Momentum Oscillator (20): | 0.76 | |
| Repulse (5,40,3): | 10.6100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 7.61 |
| MA7: | 5.24 | |
| MA20: | 4.15 | |
| MA50: | 7.63 | |
| MA100: | 11.66 | |
| MAexp7: | 5.39 | |
| MAexp20: | 5.20 | |
| MAexp50: | 5.02 | |
| MAexp100: | 4.67 | |
| Price / MA7: | +13.36% | |
| Price / MA20: | +43.13% | |
| Price / MA50: | -22.15% | |
| Price / MA100: | -49.06% | |
| Price / MAexp7: | +10.20% | |
| Price / MAexp20: | +14.23% | |
| Price / MAexp50: | +18.33% | |
| Price / MAexp100: | +27.19% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on MYNARIC AGNA O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-Adhoc: Mynaric secures USD 5.5 million bridge loan and receipt of USD 5.5 million manufacturing readiness milestone payment to meet immediate working capital needs
- Mynaric Secures USD 5.5 Million Bridge Loan and Receipt of USD 5.5 Million Manufacturing Readiness Milestone Payment To Meet Immediate Working Capital Needs
- EQS-News: Mynaric Advances Production of CONDOR Mk3
- EQS-News: Mynaric announces departure of Mustafa Veziroglu as CEO and appointment of Andreas Reif as Chief Restructuring Officer; Annual General Meeting 2024 of Mynaric will be postponed
- EQS-Adhoc: Departure of Mustafa Veziroglu from the Management Board and appointment of Andreas Reif as Chief Restructuring Officer
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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