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 09/27/2024 (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

72%

22%

My opinion

Bullish above 15.106 EUR

My targets

15.617 EUR (+1.28%)

15.853 EUR (+2.81%)

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 15.106 EUR. The next resistance located at 15.617 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 15.853 EUR. After this resistance, buyers could then target 16.297 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.

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

8.2

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

MEDIOBANCA rating 15.420 EUR. The price registered a decrease of -0.03% on the session with the lowest point at 15.330 EUR and the highest point at 15.485 EUR. The deviation from the price is +0.59% for the low point and -0.42% for the high point.

15.330

15.485

15.420

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

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:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of MEDIOBANCA indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% 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, 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:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	14.835	15.106	15.391	15.420
Change (%)	-3.79%	-2.04%	-0.19%	-
Change	-0.585	-0.314	-0.029	-
Level	Major	Intermediate	Minor	-

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	15.013	15.102	15.263	15.352	15.513	15.602	15.763
Camarilla	15.356	15.379	15.402	15.425	15.448	15.471	15.494
Woodie	15.050	15.120	15.300	15.370	15.550	15.620	15.800
Fibonacci	15.102	15.197	15.256	15.352	15.447	15.506	15.602

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.257	14.493	14.937	15.173	15.617	15.853	16.297
Camarilla	15.193	15.255	15.318	15.380	15.442	15.505	15.567
Woodie	14.360	14.545	15.040	15.225	15.720	15.905	16.400
Fibonacci	14.493	14.753	14.914	15.173	15.433	15.594	15.853

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.797	12.528	13.907	14.638	16.017	16.748	18.127
Camarilla	14.705	14.898	15.092	15.285	15.478	15.672	15.865
Woodie	12.120	12.690	14.230	14.800	16.340	16.910	18.450
Fibonacci	12.528	13.334	13.832	14.638	15.444	15.942	16.748

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):	62.40
MACD (12,26,9):	0.0450
Directional Movement:	11.007
AROON (14):	85.714
DEMA (21):	15.410
Parabolic SAR (0,02-0,02-0,2):	15.370
Elder Ray (13):	0.062
Super Trend (3,10):	15.255
Zig ZAG (10):	15.440
VORTEX (21):	1.1730
Stochastique (14,3,5):	83.59
TEMA (21):	15.437
Williams %R (14):	-22.73
Chande Momentum Oscillator (20):	0.125
Repulse (5,40,3):	-0.0530
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	2.40

MA7:	15.320
MA20:	15.111
MA50:	14.783
MA100:	14.502
MAexp7:	15.409
MAexp20:	15.358
MAexp50:	15.294
MAexp100:	15.215
Price / MA7:	+0.65%
Price / MA20:	+2.04%
Price / MA50:	+4.31%
Price / MA100:	+6.33%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.40%
Price / MAexp50:	+0.82%
Price / MAexp100:	+1.35%

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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