MICHELIN

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	ML
ISIN:	FR001400AJ45

MICHELIN - 1H - Technical analysis published on 02/13/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 33.50 EUR

My targets

34.41 EUR (+1.41%)

35.62 EUR (+4.98%)

My analysis

The bullish trend is currently very strong on MICHELIN. As long as the price remains above the support at 33.50 EUR, you could try to benefit from the boom. The first bullish objective is located at 34.41 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 35.62 EUR as an objective. Crossing it would then enable buyers to target 38.37 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.

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

8.2

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.

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Additional analysis

Quotes

The MICHELIN price is 33.93 EUR. The price registered an increase of +4.46% on the session and was between 33.72 EUR and 34.40 EUR. This implies that the price is at +0.62% from its lowest and at -1.37% from its highest.

33.72

34.40

33.93

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.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this MICHELIN chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	32.78	33.05	33.50	33.93	33.96	34.41	35.62
Change (%)	-3.39%	-2.59%	-1.27%	-	+0.09%	+1.41%	+4.98%
Change	-1.15	-0.88	-0.43	-	+0.03	+0.48	+1.69
Level	Intermediate	Minor	Intermediate	-	Intermediate	Major	Intermediate

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	31.89	32.19	32.33	32.63	32.77	33.07	33.21
Camarilla	32.36	32.40	32.44	32.48	32.52	32.56	32.60
Woodie	31.82	32.15	32.26	32.59	32.70	33.03	33.14
Fibonacci	32.19	32.36	32.46	32.63	32.80	32.90	33.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.25	31.78	32.43	32.96	33.61	34.14	34.79
Camarilla	32.76	32.86	32.97	33.08	33.19	33.30	33.41
Woodie	31.31	31.81	32.49	32.99	33.67	34.17	34.85
Fibonacci	31.78	32.23	32.51	32.96	33.41	33.69	34.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.27	29.48	31.54	32.75	34.81	36.02	38.08
Camarilla	32.70	33.00	33.30	33.60	33.90	34.20	34.50
Woodie	28.70	29.69	31.97	32.96	35.24	36.23	38.51
Fibonacci	29.48	30.73	31.50	32.75	34.00	34.77	36.02

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):	63.28
MACD (12,26,9):	0.2700
Directional Movement:	21.44
AROON (14):	28.57
DEMA (21):	33.62
Parabolic SAR (0,02-0,02-0,2):	32.63
Elder Ray (13):	0.54
Super Trend (3,10):	33.29
Zig ZAG (10):	33.96
VORTEX (21):	1.0100
Stochastique (14,3,5):	86.45
TEMA (21):	33.87
Williams %R (14):	-22.40
Chande Momentum Oscillator (20):	1.07
Repulse (5,40,3):	-0.7600
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	5.13

MA7:	33.04
MA20:	33.23
MA50:	32.41
MA100:	32.62
MAexp7:	33.77
MAexp20:	33.34
MAexp50:	33.14
MAexp100:	33.09
Price / MA7:	+2.69%
Price / MA20:	+2.11%
Price / MA50:	+4.69%
Price / MA100:	+4.02%
Price / MAexp7:	+0.47%
Price / MAexp20:	+1.77%
Price / MAexp50:	+2.38%
Price / MAexp100:	+2.54%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on MICHELIN at the time of the analysis were as follows:

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

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