MONTEA - 1H - Technical analysis published on 11/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 66.7 EUR
My targets
72.0 EUR (+3.19%)
74.3 EUR (+6.45%)
My analysis
MONTEA is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 66.7 EUR. The next resistance located at 72.0 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 74.3 EUR. After this resistance, buyers could then target 76.4 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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Additional analysis
Quotes
The MONTEA price is 69.8 EUR. The price registered an increase of +6.24% on the session and was traded between 66.5 EUR and 69.9 EUR over the period. The price is currently at +4.96% from its lowest and -0.14% from its highest.66.5
69.9
69.8
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MONTEA in 1H shows a strongly overall bullish trend. 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.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 65.4 | 66.1 | 66.7 | 69.8 | 70.0 | 74.3 | 76.4 |
| Change (%) | -6.30% | -5.30% | -4.44% | - | +0.29% | +6.45% | +9.46% |
| Change | -4.4 | -3.7 | -3.1 | - | +0.2 | +4.5 | +6.6 |
| Level | Minor | Major | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.2 | 65.3 | 67.6 | 68.7 | 71.0 | 72.1 | 74.4 |
| Camarilla | 68.9 | 69.2 | 69.5 | 69.8 | 70.1 | 70.4 | 70.7 |
| Woodie | 64.7 | 65.6 | 68.1 | 69.0 | 71.5 | 72.4 | 74.9 |
| Fibonacci | 65.3 | 66.6 | 67.4 | 68.7 | 70.0 | 70.8 | 72.1 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.6 | 59.8 | 62.4 | 64.6 | 67.2 | 69.4 | 72.0 |
| Camarilla | 63.8 | 64.2 | 64.7 | 65.1 | 65.5 | 66.0 | 66.4 |
| Woodie | 57.9 | 59.9 | 62.7 | 64.7 | 67.5 | 69.5 | 72.3 |
| Fibonacci | 59.8 | 61.6 | 62.7 | 64.6 | 66.4 | 67.5 | 69.4 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.8 | 59.4 | 63.0 | 65.6 | 69.2 | 71.8 | 75.4 |
| Camarilla | 65.0 | 65.6 | 66.1 | 66.7 | 67.3 | 67.8 | 68.4 |
| Woodie | 57.4 | 59.7 | 63.6 | 65.9 | 69.8 | 72.1 | 76.0 |
| Fibonacci | 59.4 | 61.7 | 63.2 | 65.6 | 67.9 | 69.4 | 71.8 |
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): | 76.80 | |
| MACD (12,26,9): | 1.1000 | |
| Directional Movement: | 33.9 | |
| AROON (14): | 100.0 | |
| DEMA (21): | 69.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.5 | |
| Elder Ray (13): | 1.2 | |
| Super Trend (3,10): | 68.2 | |
| Zig ZAG (10): | 69.8 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 97.70 | |
| TEMA (21): | 69.9 | |
| Williams %R (14): | -2.40 | |
| Chande Momentum Oscillator (20): | 4.0 | |
| Repulse (5,40,3): | 1.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 10.00 |
| MA7: | 65.5 | |
| MA20: | 65.5 | |
| MA50: | 68.1 | |
| MA100: | 70.3 | |
| MAexp7: | 69.3 | |
| MAexp20: | 67.9 | |
| MAexp50: | 66.5 | |
| MAexp100: | 65.9 | |
| Price / MA7: | +6.56% | |
| Price / MA20: | +6.56% | |
| Price / MA50: | +2.50% | |
| Price / MA100: | -0.71% | |
| Price / MAexp7: | +0.72% | |
| Price / MAexp20: | +2.80% | |
| Price / MAexp50: | +4.96% | |
| Price / MAexp100: | +5.92% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
This member declared not having a position on this financial instrument or a related financial instrument.
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