MONTEA - Daily - Technical analysis published on 12/31/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 78.1 EUR
My targets
83.3 EUR (+2.84%)
My analysis
The bullish trend is currently very strong on MONTEA C.V.A.. As long as the price remains above the support at 78.1 EUR, you could try to benefit from the boom. The first bullish objective is located at 83.3 EUR. The bullish momentum would be boosted by a break in this resistance. 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
0
10
7.9
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MONTEA C.V.A. rating 81.0 EUR. On the day, this instrument gained +0.00% and was traded between 80.3 EUR and 81.6 EUR over the period. The price is currently at +0.87% from its lowest and -0.74% from its highest.80.3
81.6
81.0
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MONTEA C.V.A.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MONTEA C.V.A. chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 76.7 | 78.1 | 80.0 | 81.0 | 81.7 | 83.3 |
| Change (%) | -5.31% | -3.58% | -1.23% | - | +0.86% | +2.84% |
| Change | -4.3 | -2.9 | -1.0 | - | +0.7 | +2.3 |
| Level | Minor | Minor | Major | - | 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 | 78.3 | 79.1 | 80.1 | 80.9 | 81.9 | 82.7 | 83.7 |
| Camarilla | 80.5 | 80.7 | 80.8 | 81.0 | 81.2 | 81.3 | 81.5 |
| Woodie | 78.3 | 79.2 | 80.1 | 81.0 | 81.9 | 82.8 | 83.7 |
| Fibonacci | 79.1 | 79.8 | 80.3 | 80.9 | 81.6 | 82.1 | 82.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.5 | 78.9 | 79.7 | 81.1 | 81.9 | 83.3 | 84.1 |
| Camarilla | 79.9 | 80.1 | 80.3 | 80.5 | 80.7 | 80.9 | 81.1 |
| Woodie | 77.2 | 78.8 | 79.4 | 81.0 | 81.6 | 83.2 | 83.8 |
| Fibonacci | 78.9 | 79.7 | 80.3 | 81.1 | 81.9 | 82.5 | 83.3 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.9 | 72.1 | 75.6 | 79.8 | 83.3 | 87.5 | 91.0 |
| Camarilla | 77.0 | 77.7 | 78.4 | 79.1 | 79.8 | 80.5 | 81.2 |
| Woodie | 67.6 | 71.9 | 75.3 | 79.6 | 83.0 | 87.3 | 90.7 |
| Fibonacci | 72.1 | 75.0 | 76.9 | 79.8 | 82.7 | 84.6 | 87.5 |
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): | 56.80 | |
| MACD (12,26,9): | 0.5000 | |
| Directional Movement: | 1.5 | |
| AROON (14): | 42.8 | |
| DEMA (21): | 80.6 | |
| Parabolic SAR (0,02-0,02-0,2): | 77.4 | |
| Elder Ray (13): | 0.6 | |
| Super Trend (3,10): | 81.9 | |
| Zig ZAG (10): | 81.5 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 76.20 | |
| TEMA (21): | 81.0 | |
| Williams %R (14): | -15.90 | |
| Chande Momentum Oscillator (20): | 0.8 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 4.30 |
| MA7: | 81.0 | |
| MA20: | 79.7 | |
| MA50: | 79.8 | |
| MA100: | 78.5 | |
| MAexp7: | 80.7 | |
| MAexp20: | 80.1 | |
| MAexp50: | 79.6 | |
| MAexp100: | 78.6 | |
| Price / MA7: | -0% | |
| Price / MA20: | +1.63% | |
| Price / MA50: | +1.50% | |
| Price / MA100: | +3.18% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +1.12% | |
| Price / MAexp50: | +1.76% | |
| Price / MAexp100: | +3.05% |
This member declared not having a position on this financial instrument or a related financial instrument.
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