MEDIOBANCA

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MB
ISIN:	IT0000062957

MEDIOBANCA - Daily - Technical analysis published on 03/17/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

78%

My opinion

Bearish under 9.444 EUR

My targets

8.951 EUR (-0.01%)

7.893 EUR (-11.83%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MEDIOBANCA as long as the price remains well below 9.444 EUR. The sellers' bearish objective is set at 8.951 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.893 EUR. In case of crossing, the next objective would be the support located at 7.528 EUR.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

5.5

Comment on the analysis

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 MEDIOBANCA price is 8.952 EUR. The price is lower by -0.05% since the last closing with the lowest point at 8.934 EUR and the highest point at 9.148 EUR. The deviation from the price is +0.20% for the low point and -2.14% for the high point.

8.934

9.148

8.952

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this MEDIOBANCA chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.528	7.893	8.908	8.952	9.444	9.809	10.498
Change (%)	-15.91%	-11.83%	-0.49%	-	+5.50%	+9.57%	+17.27%
Change	-1.424	-1.059	-0.044	-	+0.492	+0.857	+1.546
Level	Minor	Intermediate	Intermediate	-	Intermediate	Major	Major

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	8.235	8.517	8.737	9.019	9.239	9.521	9.741
Camarilla	8.818	8.864	8.910	8.956	9.002	9.048	9.094
Woodie	8.203	8.502	8.705	9.004	9.207	9.506	9.709
Fibonacci	8.517	8.709	8.828	9.019	9.211	9.330	9.521

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.951	9.285	9.506	9.840	10.061	10.395	10.616
Camarilla	9.573	9.624	9.675	9.726	9.777	9.828	9.879
Woodie	8.894	9.257	9.449	9.812	10.004	10.367	10.559
Fibonacci	9.285	9.497	9.628	9.840	10.052	10.183	10.395

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.090	9.460	9.780	10.150	10.470	10.840	11.160
Camarilla	9.910	9.974	10.037	10.100	10.163	10.227	10.290
Woodie	9.065	9.448	9.755	10.138	10.445	10.828	11.135
Fibonacci	9.460	9.724	9.886	10.150	10.414	10.576	10.840

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):	30.56
MACD (12,26,9):	-0.2200
Directional Movement:	-25.303
AROON (14):	-85.714
DEMA (21):	9.453
Parabolic SAR (0,02-0,02-0,2):	9.915
Elder Ray (13):	-0.481
Super Trend (3,10):	9.946
Zig ZAG (10):	8.994
VORTEX (21):	0.7570
Stochastique (14,3,5):	9.01
TEMA (21):	9.175
Williams %R (14):	-85.94
Chande Momentum Oscillator (20):	-0.992
Repulse (5,40,3):	-7.3720
ROCnROLL:	2
TRIX (15,9):	-0.1130
Courbe Coppock:	13.66

MA7:	9.351
MA20:	9.803
MA50:	9.857
MA100:	9.476
MAexp7:	9.293
MAexp20:	9.669
MAexp50:	9.703
MAexp100:	9.412
Price / MA7:	-4.27%
Price / MA20:	-8.68%
Price / MA50:	-9.18%
Price / MA100:	-5.53%
Price / MAexp7:	-3.67%
Price / MAexp20:	-7.42%
Price / MAexp50:	-7.74%
Price / MAexp100:	-4.89%

Quotes : - 15 min delayed data - Italy Stocks

News

Don't forget to follow the news on MEDIOBANCA. At the time of publication of this analysis, the latest news was as follows:

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

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