BD MULTI MEDIA - Daily - Technical analysis published on 08/21/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
56%
11%
My opinion
Bearish under 1.786 EUR
My targets
1.559 EUR (-6.08%)
1.253 EUR (-24.50%)
My analysis
BD MULTI MEDIA is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.786 EUR. The next support located at 1.559 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.253 EUR. Below this support, sellers could then target 1.019 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BD MULTI MEDIA rating is 1.660 EUR. The price has increased by +12.16% since the last closing and was traded between 1.480 EUR and 1.660 EUR over the period. The price is currently at +12.16% from its lowest and 0% from its highest.1.480
1.660
1.660
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BD MULTI MEDIA indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish 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 does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.019 | 1.559 | 1.660 | 1.786 | 2.170 | 2.620 |
| Change (%) | -38.61% | -6.08% | - | +7.59% | +30.72% | +57.83% |
| Change | -0.641 | -0.101 | - | +0.126 | +0.510 | +0.960 |
| Level | Major | Minor | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.287 | 1.383 | 1.432 | 1.528 | 1.577 | 1.673 | 1.722 |
| Camarilla | 1.440 | 1.453 | 1.467 | 1.480 | 1.493 | 1.507 | 1.520 |
| Woodie | 1.263 | 1.371 | 1.408 | 1.516 | 1.553 | 1.661 | 1.698 |
| Fibonacci | 1.383 | 1.439 | 1.473 | 1.528 | 1.584 | 1.618 | 1.673 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.275 | 1.405 | 1.520 | 1.650 | 1.765 | 1.895 | 2.010 |
| Camarilla | 1.568 | 1.590 | 1.613 | 1.635 | 1.658 | 1.680 | 1.702 |
| Woodie | 1.268 | 1.401 | 1.513 | 1.646 | 1.758 | 1.891 | 2.003 |
| Fibonacci | 1.405 | 1.499 | 1.556 | 1.650 | 1.744 | 1.801 | 1.895 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.253 | 1.517 | 1.693 | 1.957 | 2.133 | 2.397 | 2.573 |
| Camarilla | 1.749 | 1.789 | 1.830 | 1.870 | 1.910 | 1.951 | 1.991 |
| Woodie | 1.210 | 1.495 | 1.650 | 1.935 | 2.090 | 2.375 | 2.530 |
| Fibonacci | 1.517 | 1.685 | 1.789 | 1.957 | 2.125 | 2.229 | 2.397 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.53 | |
| MACD (12,26,9): | -0.0970 | |
| Directional Movement: | -3.603 | |
| AROON (14): | -92.857 | |
| DEMA (21): | 1.629 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.875 | |
| Elder Ray (13): | -0.128 | |
| Super Trend (3,10): | 2.002 | |
| Zig ZAG (10): | 1.660 | |
| VORTEX (21): | 0.7860 | |
| Stochastique (14,3,5): | 20.47 | |
| TEMA (21): | 1.582 | |
| Williams %R (14): | -59.09 | |
| Chande Momentum Oscillator (20): | -0.210 | |
| Repulse (5,40,3): | -5.1560 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6210 | |
| Courbe Coppock: | 23.09 |
| MA7: | 1.632 | |
| MA20: | 1.771 | |
| MA50: | 1.929 | |
| MA100: | 1.917 | |
| MAexp7: | 1.641 | |
| MAexp20: | 1.751 | |
| MAexp50: | 1.864 | |
| MAexp100: | 1.885 | |
| Price / MA7: | +1.72% | |
| Price / MA20: | -6.27% | |
| Price / MA50: | -13.95% | |
| Price / MA100: | -13.41% | |
| Price / MAexp7: | +1.16% | |
| Price / MAexp20: | -5.20% | |
| Price / MAexp50: | -10.94% | |
| Price / MAexp100: | -11.94% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on BD MULTI MEDIA at the time of the analysis were as follows:
- Launch of OLYMP Crypto Token and Olympus Game
- Acquisition of a majority stake in Olympus Crypto P2E Game
- OLYMPUS GAME - Limited sale of NFT and launch of its marketplace
- The first playable NFTs of Olympus Game to be launched on Sept. 24th
- Olympus Game to raise over 300K USD in the first ICO round
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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