MERCIALYS - Daily - Technical analysis published on 05/31/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 11.25 EUR
My targets
11.71 EUR (+2.07%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MERCIALYS as long as the price remains well above 11.25 EUR. The buyers' bullish objective is set at 11.71 EUR. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MERCIALYS rating 11.47 EUR. On the day, this instrument lost -0.17% and was traded between 11.46 EUR and 11.60 EUR over the period. The price is currently at +0.09% from its lowest and -1.12% from its highest.11.46
11.60
11.47
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MERCIALYS:
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
A technical analysis in Daily of this MERCIALYS 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 9.26 | 10.47 | 11.25 | 11.47 |
| Change (%) | -19.27% | -8.72% | -1.92% | - |
| Change | -2.21 | -1.00 | -0.22 | - |
| 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 | 11.16 | 11.24 | 11.37 | 11.45 | 11.58 | 11.66 | 11.79 |
| Camarilla | 11.43 | 11.45 | 11.47 | 11.49 | 11.51 | 11.53 | 11.55 |
| Woodie | 11.18 | 11.25 | 11.39 | 11.46 | 11.60 | 11.67 | 11.81 |
| Fibonacci | 11.24 | 11.32 | 11.37 | 11.45 | 11.53 | 11.58 | 11.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.72 | 10.88 | 11.13 | 11.29 | 11.54 | 11.70 | 11.95 |
| Camarilla | 11.28 | 11.32 | 11.35 | 11.39 | 11.43 | 11.47 | 11.50 |
| Woodie | 10.78 | 10.90 | 11.19 | 11.31 | 11.60 | 11.72 | 12.01 |
| Fibonacci | 10.88 | 11.03 | 11.13 | 11.29 | 11.44 | 11.54 | 11.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.38 | 8.81 | 9.49 | 9.92 | 10.60 | 11.03 | 11.71 |
| Camarilla | 9.86 | 9.96 | 10.06 | 10.16 | 10.26 | 10.36 | 10.47 |
| Woodie | 8.50 | 8.87 | 9.61 | 9.98 | 10.72 | 11.09 | 11.83 |
| Fibonacci | 8.81 | 9.24 | 9.50 | 9.92 | 10.35 | 10.61 | 11.03 |
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): | 71.60 | |
| MACD (12,26,9): | 0.3500 | |
| Directional Movement: | 17.30 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 11.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.19 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 10.88 | |
| Zig ZAG (10): | 11.47 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 87.81 | |
| TEMA (21): | 11.61 | |
| Williams %R (14): | -12.50 | |
| Chande Momentum Oscillator (20): | 0.37 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5000 | |
| Courbe Coppock: | 13.42 |
| MA7: | 11.38 | |
| MA20: | 11.07 | |
| MA50: | 10.31 | |
| MA100: | 9.89 | |
| MAexp7: | 11.38 | |
| MAexp20: | 11.06 | |
| MAexp50: | 10.49 | |
| MAexp100: | 9.91 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +3.61% | |
| Price / MA50: | +11.25% | |
| Price / MA100: | +15.98% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | +3.71% | |
| Price / MAexp50: | +9.34% | |
| Price / MAexp100: | +15.74% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on MERCIALYS at the time of the analysis were as follows:
- Mercialys: Number of Outstanding Shares and Voting Rights as of July 31, 2023
- Statement on the availability of Mercialys 2023 half-year financial report
- Mercialys: 2023 First-Half Results
- Half-year Review of Mercialys’ Liquidity Agreement
- Mercialys Becomes the Leading Shareholder in DEPUR Alongside Its Founder by Investing Euro 1.1 million in the Euro 1.7 Million Round of Fundraising Carried out by the DEPUR Experiences Group
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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