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 11/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

22%

28%

50%

My opinion

Bearish under 14.476 EUR

My targets

13.999 EUR (-1.45%)

13.840 EUR (-2.57%)

My analysis

In a bearish trend, the price of MEDIOBANCA tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 14.476 EUR. A bearish break in the support located at 13.999 EUR would revive the bearish momentum and fuel the basic trend. Then the price could move towards 13.840 EUR. Then 13.653 EUR by extension. It would be safer to wait for a bearish break in the support located at 13.999 EUR before allowing yourself to re trade short positions (for sale) on MEDIOBANCA. PS: if there is a bullish break in the resistance located at 14.476 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

1.6

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.

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Additional analysis

Quotes

The MEDIOBANCA price is 14.205 EUR. The price registered a decrease of -0.18% on the session and was between 14.150 EUR and 14.420 EUR. This implies that the price is at +0.39% from its lowest and at -1.49% from its highest.

14.150

14.420

14.205

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of MEDIOBANCA in 1H shows an overall bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.653	13.840	13.999	14.205	14.273	14.476	14.692
Change (%)	-3.89%	-2.57%	-1.45%	-	+0.48%	+1.91%	+3.43%
Change	-0.552	-0.365	-0.206	-	+0.068	+0.271	+0.487
Level	Intermediate	Minor	Minor	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.449	13.642	13.939	14.132	14.429	14.622	14.919
Camarilla	14.100	14.145	14.190	14.235	14.280	14.325	14.370
Woodie	13.500	13.668	13.990	14.158	14.480	14.648	14.970
Fibonacci	13.642	13.830	13.945	14.132	14.320	14.435	14.622

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.021	12.837	13.536	14.352	15.051	15.867	16.566
Camarilla	13.818	13.957	14.096	14.235	14.374	14.513	14.652
Woodie	11.963	12.808	13.478	14.323	14.993	15.838	16.508
Fibonacci	12.837	13.416	13.773	14.352	14.931	15.288	15.867

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.588	13.380	13.988	14.780	15.388	16.180	16.788
Camarilla	14.211	14.339	14.468	14.596	14.724	14.853	14.981
Woodie	12.496	13.334	13.896	14.734	15.296	16.134	16.696
Fibonacci	13.380	13.915	14.245	14.780	15.315	15.645	16.180

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):	52.19
MACD (12,26,9):	0.0490
Directional Movement:	8.909
AROON (14):	64.286
DEMA (21):	14.238
Parabolic SAR (0,02-0,02-0,2):	14.420
Elder Ray (13):	-0.009
Super Trend (3,10):	14.015
Zig ZAG (10):	14.215
VORTEX (21):	1.1360
Stochastique (14,3,5):	58.63
TEMA (21):	14.332
Williams %R (14):	-71.03
Chande Momentum Oscillator (20):	-0.020
Repulse (5,40,3):	-0.3570
ROCnROLL:	2
TRIX (15,9):	0.0470
Courbe Coppock:	3.39

MA7:	14.250
MA20:	14.603
MA50:	14.652
MA100:	14.318
MAexp7:	14.247
MAexp20:	14.185
MAexp50:	14.221
MAexp100:	14.378
Price / MA7:	-0.32%
Price / MA20:	-2.73%
Price / MA50:	-3.05%
Price / MA100:	-0.79%
Price / MAexp7:	-0.29%
Price / MAexp20:	+0.14%
Price / MAexp50:	-0.11%
Price / MAexp100:	-1.20%

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.

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