MERSEN
MERSEN
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MRN
ISIN: FR0000039620

MERSEN - 1H - Technical analysis published on 07/28/2023 (GMT)

  • 204
  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : WITHOUT TARGET

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 42.92 EUR
My targets
-
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MERSEN as long as the price remains well above 42.92 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
0
10
8.9

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:
Daily Weekly

Additional analysis

Quotes

The MERSEN rating is 44.45 EUR. The price registered an increase of +4.22% on the session and was between 42.20 EUR and 44.45 EUR. This implies that the price is at +5.33% from its lowest and at 0% from its highest.

42.20
44.45
44.45

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

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:

Central Records

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 1H chart of MERSEN indicates that the overall trend is strongly bullish. 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. 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:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



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

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 41.38 42.35 42.92 44.45
Change (%) -6.91% -4.72% -3.44% -
Change -3.07 -2.10 -1.53 -
Level Major Minor Major -



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard40.7741.2841.9742.4843.1743.6844.37
Camarilla42.3242.4342.5442.6542.7642.8742.98
Woodie40.8541.3342.0542.5343.2543.7344.45
Fibonacci41.2841.7442.0342.4842.9443.2343.68


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard37.8738.5839.5740.2841.2741.9842.97
Camarilla40.0840.2440.3940.5540.7140.8641.02
Woodie38.0038.6539.7040.3541.4042.0543.10
Fibonacci38.5839.2339.6340.2840.9341.3341.98


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard29.8932.2336.2438.5842.5944.9348.94
Camarilla38.5039.0939.6740.2540.8341.4142.00
Woodie30.7332.6537.0839.0043.4345.3549.78
Fibonacci32.2334.6636.1538.5841.0142.5044.93

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): 79.53
MACD (12,26,9): 0.6300
Directional Movement: 33.17
AROON (14): 92.86
DEMA (21): 43.55
Parabolic SAR (0,02-0,02-0,2): 42.52
Elder Ray (13): 1.06
Super Trend (3,10): 42.75
Zig ZAG (10): 44.30
VORTEX (21): 1.2400
Stochastique (14,3,5): 93.44
TEMA (21): 43.85
Williams %R (14): -4.92
Chande Momentum Oscillator (20): 2.10
Repulse (5,40,3): 2.2000
ROCnROLL: 1
TRIX (15,9): 0.1600
Courbe Coppock: 8.28
MA7: 41.84
MA20: 40.75
MA50: 38.92
MA100: 38.30
MAexp7: 43.57
MAexp20: 42.76
MAexp50: 41.94
MAexp100: 41.29
Price / MA7: +6.24%
Price / MA20: +9.08%
Price / MA50: +14.21%
Price / MA100: +16.06%
Price / MAexp7: +2.02%
Price / MAexp20: +3.95%
Price / MAexp50: +5.98%
Price / MAexp100: +7.65%

Quotes : - 15 min delayed data - Euronext Paris

This member declared not having a position on this financial instrument or a related financial instrument.

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