MEDIOBANCA

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	MB
ISIN:	IT0000062957

MEDIOBANCA - 1H - Technical analysis published on 07/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

11%

44%

My opinion

Bullish above 14.182 EUR

My targets

14.835 EUR (+3.02%)

My analysis

MEDIOBANCA 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 14.182 EUR. The next resistance located at 14.835 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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.

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

7.1

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 rating is 14.400 EUR. The price registered a decrease of -0.10% on the session and was between 14.305 EUR and 14.465 EUR. This implies that the price is at +0.66% from its lowest and at -0.45% from its highest.

14.305

14.465

14.400

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

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MEDIOBANCA:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 1H 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	13.822	13.980	14.182	14.400	14.470	14.835
Change (%)	-4.01%	-2.92%	-1.51%	-	+0.49%	+3.02%
Change	-0.578	-0.420	-0.218	-	+0.070	+0.435
Level	Minor	Minor	Minor	-	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.023	14.102	14.258	14.337	14.493	14.572	14.728
Camarilla	14.350	14.372	14.394	14.415	14.437	14.458	14.480
Woodie	14.063	14.121	14.298	14.356	14.533	14.591	14.768
Fibonacci	14.102	14.191	14.247	14.337	14.426	14.482	14.572

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.572	13.788	14.037	14.253	14.502	14.718	14.967
Camarilla	14.157	14.200	14.242	14.285	14.328	14.370	14.413
Woodie	13.588	13.796	14.053	14.261	14.518	14.726	14.983
Fibonacci	13.788	13.966	14.076	14.253	14.431	14.541	14.718

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.807	12.593	13.142	13.928	14.477	15.263	15.812
Camarilla	13.323	13.445	13.568	13.690	13.812	13.935	14.057
Woodie	11.688	12.534	13.023	13.869	14.358	15.204	15.693
Fibonacci	12.593	13.103	13.418	13.928	14.438	14.753	15.263

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):	53.61
MACD (12,26,9):	0.0270
Directional Movement:	-3.929
AROON (14):	85.714
DEMA (21):	14.397
Parabolic SAR (0,02-0,02-0,2):	14.301
Elder Ray (13):	-0.001
Super Trend (3,10):	14.253
Zig ZAG (10):	14.370
VORTEX (21):	1.0360
Stochastique (14,3,5):	74.96
TEMA (21):	14.402
Williams %R (14):	-36.54
Chande Momentum Oscillator (20):	0.055
Repulse (5,40,3):	-0.0890
ROCnROLL:	-1
TRIX (15,9):	0.0220
Courbe Coppock:	1.43

MA7:	14.326
MA20:	14.058
MA50:	14.205
MA100:	13.546
MAexp7:	14.392
MAexp20:	14.363
MAexp50:	14.311
MAexp100:	14.224
Price / MA7:	+0.52%
Price / MA20:	+2.43%
Price / MA50:	+1.37%
Price / MA100:	+6.30%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.26%
Price / MAexp50:	+0.62%
Price / MAexp100:	+1.24%

Quotes : - 15 min delayed data - Italy Stocks

News

The last news published on MEDIOBANCA at the time of the generation of this analysis was 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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