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 06/19/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 10.498 EUR

My targets

11.937 EUR (+6.44%)

My analysis

The bullish trend is currently very strong on MEDIOBANCA. As long as the price remains above the support at 10.498 EUR, you could try to benefit from the boom. The first bullish objective is located at 11.937 EUR. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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.

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Additional analysis

Quotes

The MEDIOBANCA price is 11.215 EUR. The price is lower by -0.09% since the last closing and was traded between 11.180 EUR and 11.340 EUR over the period. The price is currently at +0.31% from its lowest and -1.10% from its highest.

11.180

11.340

11.215

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this MEDIOBANCA chart shows a strongly 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, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	9.423	9.809	10.498	11.215
Change (%)	-15.98%	-12.54%	-6.39%	-
Change	-1.792	-1.406	-0.717	-
Level	Major	Major	Major	-

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	11.050	11.125	11.175	11.250	11.300	11.375	11.425
Camarilla	11.191	11.202	11.214	11.225	11.237	11.248	11.259
Woodie	11.038	11.119	11.163	11.244	11.288	11.369	11.413
Fibonacci	11.125	11.173	11.202	11.250	11.298	11.327	11.375

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.602	10.788	11.007	11.193	11.412	11.598	11.817
Camarilla	11.114	11.151	11.188	11.225	11.262	11.299	11.336
Woodie	10.618	10.796	11.023	11.201	11.428	11.606	11.833
Fibonacci	10.788	10.943	11.039	11.193	11.348	11.444	11.598

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.430	8.903	9.599	10.072	10.768	11.241	11.937
Camarilla	9.974	10.081	10.188	10.295	10.402	10.509	10.617
Woodie	8.542	8.959	9.711	10.128	10.880	11.297	12.049
Fibonacci	8.903	9.350	9.625	10.072	10.519	10.794	11.241

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):	73.59
MACD (12,26,9):	0.3330
Directional Movement:	25.025
AROON (14):	71.428
DEMA (21):	11.203
Parabolic SAR (0,02-0,02-0,2):	11.100
Elder Ray (13):	0.305
Super Trend (3,10):	10.683
Zig ZAG (10):	11.220
VORTEX (21):	1.2150
Stochastique (14,3,5):	85.35
TEMA (21):	11.335
Williams %R (14):	-13.79
Chande Momentum Oscillator (20):	0.595
Repulse (5,40,3):	-0.3190
ROCnROLL:	1
TRIX (15,9):	0.4320
Courbe Coppock:	14.84

MA7:	11.161
MA20:	10.735
MA50:	10.144
MA100:	9.944
MAexp7:	11.127
MAexp20:	10.777
MAexp50:	10.315
MAexp100:	9.938
Price / MA7:	+0.48%
Price / MA20:	+4.47%
Price / MA50:	+10.56%
Price / MA100:	+12.78%
Price / MAexp7:	+0.79%
Price / MAexp20:	+4.06%
Price / MAexp50:	+8.73%
Price / MAexp100:	+12.85%

Quotes : - 15 min delayed data - Italy Stocks

News

The latest news and videos published on MEDIOBANCA 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 AI

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