VERVE GROUP SE A

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	M8G
ISIN:	SE0018538068

VERVE GROUP SE A - Daily - Technical analysis published on 07/04/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

67%

28%

My opinion

Bullish above 1.086 EUR

My targets

1.172 EUR (+6.74%)

1.320 EUR (+20.22%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for MGI-MEDIA AND GAMES INV.A as long as the price remains well above 1.086 EUR. The buyers' bullish objective is set at 1.172 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.320 EUR. If there is any crossing, the next objective would be the resistance located at 1.590 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 1.172 EUR. On this resistance, against the trend traders who would like to go short on MGI-MEDIA AND GAMES INV.A with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

2.3

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 MGI-MEDIA AND GAMES INV.A rating is 1.098 EUR. The price has increased by +10.91% since the last closing and was between 0.991 EUR and 1.104 EUR. This implies that the price is at +10.80% from its lowest and at -0.54% from its highest.

0.991

1.104

1.098

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:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of MGI-MEDIA AND GAMES INV.A indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.108	0.981	1.098	1.172	1.320	1.590
Change (%)	-90.16%	-10.66%	-	+6.74%	+20.22%	+44.81%
Change	-0.990	-0.117	-	+0.074	+0.222	+0.492
Level	Intermediate	Intermediate	-	Minor	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.885	0.908	0.949	0.972	1.013	1.036	1.077
Camarilla	0.972	0.978	0.984	0.990	0.996	1.002	1.008
Woodie	0.894	0.913	0.958	0.977	1.022	1.041	1.086
Fibonacci	0.908	0.932	0.948	0.972	0.996	1.012	1.036

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.665	0.742	0.832	0.909	0.999	1.076	1.166
Camarilla	0.875	0.890	0.906	0.921	0.936	0.952	0.967
Woodie	0.671	0.745	0.838	0.912	1.005	1.079	1.172
Fibonacci	0.742	0.806	0.846	0.909	0.973	1.013	1.076

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.490	0.655	0.788	0.953	1.086	1.251	1.384
Camarilla	0.839	0.866	0.894	0.921	0.948	0.976	1.003
Woodie	0.474	0.647	0.772	0.945	1.070	1.243	1.368
Fibonacci	0.655	0.769	0.839	0.953	1.067	1.137	1.251

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):	59.65
MACD (12,26,9):	-0.0350
Directional Movement:	8.196
AROON (14):	14.286
DEMA (21):	0.924
Parabolic SAR (0,02-0,02-0,2):	0.820
Elder Ray (13):	0.084
Super Trend (3,10):	0.841
Zig ZAG (10):	1.098
VORTEX (21):	0.9170
Stochastique (14,3,5):	82.26
TEMA (21):	0.941
Williams %R (14):	-2.11
Chande Momentum Oscillator (20):	0.138
Repulse (5,40,3):	16.8600
ROCnROLL:	-1
TRIX (15,9):	-0.7570
Courbe Coppock:	7.61

MA7:	0.937
MA20:	0.961
MA50:	1.089
MA100:	1.259
MAexp7:	0.971
MAexp20:	0.979
MAexp50:	1.077
MAexp100:	1.228
Price / MA7:	+17.18%
Price / MA20:	+14.26%
Price / MA50:	+0.83%
Price / MA100:	-12.79%
Price / MAexp7:	+13.08%
Price / MAexp20:	+12.16%
Price / MAexp50:	+1.95%
Price / MAexp100:	-10.59%

Quotes : - 15 min delayed data - Germany Stocks

News

The latest news and videos published on MGI-MEDIA AND GAMES INV.A 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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VERVE GROUP SE A - Daily - Technical analysis published on 07/04/2023 (GMT)

Summary of the analysis

Additional analysis

Quotes

Technical

Numerical data

News

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