MERCIALYS

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	MERY
ISIN:	FR0010241638

MERCIALYS - Daily - Technical analysis published on 12/31/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 11.83 EUR

My targets

12.51 EUR (+1.96%)

12.81 EUR (+4.40%)

My analysis

The bullish trend is currently very strong on MERCIALYS. As long as the price remains above the support at 11.83 EUR, you could try to benefit from the boom. The first bullish objective is located at 12.51 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12.81 EUR as an objective. Crossing it would then enable buyers to target 14.15 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.6

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MERCIALYS price is 12.27 EUR. The price registered an increase of +0.08% on the session and was between 12.24 EUR and 12.28 EUR. This implies that the price is at +0.25% from its lowest and at -0.08% from its highest.

12.24

12.28

12.27

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

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

Technical

Technical analysis of this Daily chart of MERCIALYS 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.00	11.83	12.25	12.27	12.51	12.81	14.15
Change (%)	-10.35%	-3.59%	-0.16%	-	+1.96%	+4.40%	+15.32%
Change	-1.27	-0.44	-0.02	-	+0.24	+0.54	+1.88
Level	Intermediate	Major	Intermediate	-	Minor	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	12.04	12.12	12.19	12.27	12.34	12.42	12.49
Camarilla	12.22	12.23	12.25	12.26	12.27	12.29	12.30
Woodie	12.04	12.12	12.19	12.27	12.34	12.42	12.49
Fibonacci	12.12	12.18	12.21	12.27	12.33	12.36	12.42

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.70	11.87	12.07	12.24	12.44	12.61	12.81
Camarilla	12.18	12.21	12.25	12.28	12.31	12.35	12.38
Woodie	11.73	11.88	12.10	12.25	12.47	12.62	12.84
Fibonacci	11.87	12.01	12.10	12.24	12.38	12.47	12.61

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.41	11.04	11.52	12.15	12.63	13.26	13.74
Camarilla	11.70	11.80	11.90	12.00	12.10	12.20	12.31
Woodie	10.34	11.00	11.45	12.11	12.56	13.22	13.67
Fibonacci	11.04	11.46	11.73	12.15	12.57	12.84	13.26

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):	57.50
MACD (12,26,9):	0.0500
Directional Movement:	6.27
AROON (14):	57.14
DEMA (21):	12.15
Parabolic SAR (0,02-0,02-0,2):	11.72
Elder Ray (13):	0.12
Super Trend (3,10):	12.34
Zig ZAG (10):	12.27
VORTEX (21):	1.1300
Stochastique (14,3,5):	81.69
TEMA (21):	12.19
Williams %R (14):	-18.31
Chande Momentum Oscillator (20):	0.20
Repulse (5,40,3):	0.4600
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	3.69

MA7:	12.19
MA20:	12.05
MA50:	12.17
MA100:	11.62
MAexp7:	12.19
MAexp20:	12.11
MAexp50:	12.01
MAexp100:	11.77
Price / MA7:	+0.66%
Price / MA20:	+1.83%
Price / MA50:	+0.82%
Price / MA100:	+5.59%
Price / MAexp7:	+0.66%
Price / MAexp20:	+1.32%
Price / MAexp50:	+2.16%
Price / MAexp100:	+4.25%

News

The last news published on MERCIALYS 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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