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 07/23/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 13.525 EUR

My targets

15.263 EUR (+3.94%)

15.812 EUR (+7.67%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MEDIOBANCA as long as the price remains well above 13.525 EUR. The buyers' bullish objective is set at 15.263 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.812 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

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 14.685 EUR. The price registered an increase of +1.28% on the session with the lowest point at 14.540 EUR and the highest point at 14.800 EUR. The deviation from the price is +1.00% for the low point and -0.78% for the high point.

14.540

14.800

14.685

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

Bullish opening

Type : Bullish

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of MEDIOBANCA indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	11.889	12.918	13.525	14.685	14.835
Change (%)	-19.04%	-12.03%	-7.90%	-	+1.02%
Change	-2.796	-1.767	-1.160	-	+0.150
Level	Minor	Major	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	14.167	14.263	14.382	14.478	14.597	14.693	14.812
Camarilla	14.441	14.461	14.480	14.500	14.520	14.539	14.559
Woodie	14.178	14.269	14.393	14.484	14.608	14.699	14.823
Fibonacci	14.263	14.346	14.396	14.478	14.561	14.611	14.693

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.750	13.950	14.145	14.345	14.540	14.740	14.935
Camarilla	14.231	14.268	14.304	14.340	14.376	14.412	14.449
Woodie	13.748	13.949	14.143	14.344	14.538	14.739	14.933
Fibonacci	13.950	14.101	14.194	14.345	14.496	14.589	14.740

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.34
MACD (12,26,9):	0.1410
Directional Movement:	17.132
AROON (14):	100.000
DEMA (21):	14.435
Parabolic SAR (0,02-0,02-0,2):	14.295
Elder Ray (13):	0.316
Super Trend (3,10):	13.980
Zig ZAG (10):	14.690
VORTEX (21):	1.0990
Stochastique (14,3,5):	82.16
TEMA (21):	14.522
Williams %R (14):	-13.42
Chande Momentum Oscillator (20):	0.590
Repulse (5,40,3):	1.4020
ROCnROLL:	1
TRIX (15,9):	0.0880
Courbe Coppock:	7.11

MA7:	14.438
MA20:	14.194
MA50:	14.241
MA100:	13.636
MAexp7:	14.459
MAexp20:	14.274
MAexp50:	14.046
MAexp100:	13.551
Price / MA7:	+1.71%
Price / MA20:	+3.46%
Price / MA50:	+3.12%
Price / MA100:	+7.69%
Price / MAexp7:	+1.56%
Price / MAexp20:	+2.88%
Price / MAexp50:	+4.55%
Price / MAexp100:	+8.37%

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

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