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 09/11/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

My opinion

Bearish under 28.20 EUR

My targets

27.30 EUR (-1.44%)

26.62 EUR (-3.91%)

My analysis

MERSEN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 28.20 EUR. The next support located at 27.30 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 26.62 EUR. Below this support, sellers could then target 25.11 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.1

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

MERSEN rating 27.70 EUR. The price has increased by +2.03% since the last closing and was traded between 27.40 EUR and 27.70 EUR over the period. The price is currently at +1.09% from its lowest and 0% from its highest.

27.40

27.70

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

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

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

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

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

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 support

Type : Bullish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	21.58	25.11	27.30	27.70	28.20	29.13	30.31
Change (%)	-22.09%	-9.35%	-1.44%	-	+1.81%	+5.16%	+9.42%
Change	-6.12	-2.59	-0.40	-	+0.50	+1.43	+2.61
Level	Intermediate	Intermediate	Intermediate	-	Minor	Major	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.67	26.38	26.77	27.48	27.87	28.58	28.97
Camarilla	26.85	26.95	27.05	27.15	27.25	27.35	27.45
Woodie	25.50	26.30	26.60	27.40	27.70	28.50	28.80
Fibonacci	26.38	26.80	27.06	27.48	27.90	28.16	28.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.07	25.43	26.62	28.98	30.17	32.53	33.72
Camarilla	26.82	27.15	27.48	27.80	28.13	28.45	28.78
Woodie	22.48	25.14	26.03	28.69	29.58	32.24	33.13
Fibonacci	25.43	26.79	27.63	28.98	30.34	31.18	32.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.13	27.62	29.28	30.77	32.43	33.92	35.58
Camarilla	30.08	30.37	30.66	30.95	31.24	31.53	31.82
Woodie	26.23	27.66	29.38	30.81	32.53	33.96	35.68
Fibonacci	27.62	28.82	29.56	30.77	31.97	32.71	33.92

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):	41.43
MACD (12,26,9):	-0.3500
Directional Movement:	-5.13
AROON (14):	-35.71
DEMA (21):	27.26
Parabolic SAR (0,02-0,02-0,2):	27.94
Elder Ray (13):	-0.04
Super Trend (3,10):	28.06
Zig ZAG (10):	27.50
VORTEX (21):	0.7500
Stochastique (14,3,5):	16.67
TEMA (21):	27.28
Williams %R (14):	-63.64
Chande Momentum Oscillator (20):	-0.15
Repulse (5,40,3):	-0.4100
ROCnROLL:	2
TRIX (15,9):	-0.1800
Courbe Coppock:	4.22

MA7:	28.17
MA20:	29.97
MA50:	31.57
MA100:	33.33
MAexp7:	27.42
MAexp20:	27.73
MAexp50:	28.46
MAexp100:	29.22
Price / MA7:	-1.67%
Price / MA20:	-7.57%
Price / MA50:	-12.26%
Price / MA100:	-16.89%
Price / MAexp7:	+1.02%
Price / MAexp20:	-0.11%
Price / MAexp50:	-2.67%
Price / MAexp100:	-5.20%

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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