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 11/16/2023 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

28%

22%

50%

My opinion

Bullish above 32.95 EUR

My targets

34.00 EUR (+1.19%)

34.48 EUR (+2.62%)

My analysis

The bullish trend is currently very strong on MERSEN. As long as the price remains above the support at 32.95 EUR, you could try to benefit from the boom. The first bullish objective is located at 34.00 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 34.48 EUR as an objective. Crossing it would then enable buyers to target 35.25 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 not called into question, despite technical indicators being indecisive.

Force

6.3

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

The MERSEN rating is 33.60 EUR. The price registered a decrease of -0.30% on the session with the lowest point at 33.50 EUR and the highest point at 33.80 EUR. The deviation from the price is +0.30% for the low point and -0.59% for the high point.

33.50

33.80

33.60

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

Bearish opening

Type : Bearish

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this MERSEN chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 5 are bullish, 9 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

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 several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	31.62	32.50	32.95	33.60	34.00	34.48	35.25
Change (%)	-5.89%	-3.27%	-1.93%	-	+1.19%	+2.62%	+4.91%
Change	-1.98	-1.10	-0.65	-	+0.40	+0.88	+1.65
Level	Minor	Intermediate	Major	-	Major	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	32.88	33.17	33.43	33.72	33.98	34.27	34.53
Camarilla	33.55	33.60	33.65	33.70	33.75	33.80	33.85
Woodie	32.88	33.16	33.43	33.71	33.98	34.26	34.53
Fibonacci	33.17	33.38	33.51	33.72	33.93	34.06	34.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.87	30.63	31.82	32.58	33.77	34.53	35.72
Camarilla	32.46	32.64	32.82	33.00	33.18	33.36	33.54
Woodie	30.08	30.74	32.03	32.69	33.98	34.64	35.93
Fibonacci	30.63	31.38	31.84	32.58	33.33	33.79	34.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.82	24.83	28.07	33.08	36.32	41.33	44.57
Camarilla	29.03	29.79	30.54	31.30	32.06	32.81	33.57
Woodie	18.93	24.39	27.18	32.64	35.43	40.89	43.68
Fibonacci	24.83	27.99	29.93	33.08	36.24	38.18	41.33

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):	54.10
MACD (12,26,9):	0.2100
Directional Movement:	8.73
AROON (14):	28.57
DEMA (21):	33.78
Parabolic SAR (0,02-0,02-0,2):	34.00
Elder Ray (13):	0
Super Trend (3,10):	33.10
Zig ZAG (10):	33.55
VORTEX (21):	1.1200
Stochastique (14,3,5):	66.45
TEMA (21):	33.82
Williams %R (14):	-53.33
Chande Momentum Oscillator (20):	-0.25
Repulse (5,40,3):	0.1900
ROCnROLL:	-1
TRIX (15,9):	0.1000
Courbe Coppock:	3.84

MA7:	33.17
MA20:	32.37
MA50:	35.28
MA100:	38.22
MAexp7:	33.67
MAexp20:	33.49
MAexp50:	33.12
MAexp100:	32.87
Price / MA7:	+1.30%
Price / MA20:	+3.80%
Price / MA50:	-4.76%
Price / MA100:	-12.09%
Price / MAexp7:	-0.21%
Price / MAexp20:	+0.33%
Price / MAexp50:	+1.45%
Price / MAexp100:	+2.22%

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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Londinia AI

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