MONTEA - 1H - Technical analysis published on 12/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 79.2 EUR
My targets
83.9 EUR (+5.27%)
95.1 EUR (+19.32%)
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 79.2 EUR. The next resistance located at 83.9 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 95.1 EUR. After this resistance, buyers could then target 114.7 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
8.6
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Additional analysis
Quotes
The MONTEA rating is 79.7 EUR. The price registered an increase of +2.84% on the session with the lowest point at 77.8 EUR and the highest point at 79.7 EUR. The deviation from the price is +2.44% for the low point and 0% for the high point.77.8
79.7
79.7
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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:
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
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this MONTEA chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 71.3 | 74.3 | 79.2 | 79.7 | 95.1 | 114.7 | 126.1 |
| Change (%) | -10.54% | -6.78% | -0.63% | - | +19.32% | +43.91% | +58.22% |
| Change | -8.4 | -5.4 | -0.5 | - | +15.4 | +35.0 | +46.4 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
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 | 76.5 | 77.2 | 78.4 | 79.1 | 80.3 | 81.0 | 82.2 |
| Camarilla | 79.2 | 79.4 | 79.5 | 79.7 | 79.9 | 80.1 | 80.2 |
| Woodie | 76.9 | 77.3 | 78.8 | 79.2 | 80.7 | 81.1 | 82.6 |
| Fibonacci | 77.2 | 77.9 | 78.3 | 79.1 | 79.8 | 80.2 | 81.0 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.4 | 69.3 | 72.9 | 74.8 | 78.4 | 80.3 | 83.9 |
| Camarilla | 75.0 | 75.5 | 76.0 | 76.5 | 77.0 | 77.5 | 78.0 |
| Woodie | 68.3 | 69.7 | 73.8 | 75.2 | 79.3 | 80.7 | 84.8 |
| Fibonacci | 69.3 | 71.4 | 72.7 | 74.8 | 76.9 | 78.2 | 80.3 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 72.60 | |
| MACD (12,26,9): | 0.8000 | |
| Directional Movement: | 25.1 | |
| AROON (14): | 78.6 | |
| DEMA (21): | 79.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 78.2 | |
| Elder Ray (13): | 0.6 | |
| Super Trend (3,10): | 77.5 | |
| Zig ZAG (10): | 79.7 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 87.70 | |
| TEMA (21): | 79.4 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 2.1 | |
| Repulse (5,40,3): | 2.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 5.50 |
| MA7: | 76.8 | |
| MA20: | 72.3 | |
| MA50: | 68.3 | |
| MA100: | 70.3 | |
| MAexp7: | 79.0 | |
| MAexp20: | 78.1 | |
| MAexp50: | 76.8 | |
| MAexp100: | 74.9 | |
| Price / MA7: | +3.78% | |
| Price / MA20: | +10.24% | |
| Price / MA50: | +16.69% | |
| Price / MA100: | +13.37% | |
| Price / MAexp7: | +0.89% | |
| Price / MAexp20: | +2.05% | |
| Price / MAexp50: | +3.78% | |
| Price / MAexp100: | +6.41% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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