MEDINCELL - Daily - Technical analysis published on 01/15/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 7.86 EUR
My targets
8.74 EUR (+6.98%)
9.35 EUR (+14.44%)
My analysis
MEDINCELL 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 7.86 EUR. The next resistance located at 8.74 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 9.35 EUR. After this resistance, buyers could then target 10.14 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
8.9
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This analysis was given by pierrott. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MEDINCELL price is 8.17 EUR. The price registered an increase of +5.56% on the session with the lowest point at 7.74 EUR and the highest point at 8.26 EUR. The deviation from the price is +5.56% for the low point and -1.09% for the high point.7.74
8.26
8.17
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 MEDINCELL:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MEDINCELL indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 5.97 | 7.33 | 7.86 | 8.17 | 8.74 | 9.35 | 10.14 |
| Change (%) | -26.93% | -10.28% | -3.79% | - | +6.98% | +14.44% | +24.11% |
| Change | -2.20 | -0.84 | -0.31 | - | +0.57 | +1.18 | +1.97 |
| Level | Major | 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 | 7.33 | 7.54 | 7.85 | 8.06 | 8.37 | 8.58 | 8.89 |
| Camarilla | 8.03 | 8.08 | 8.12 | 8.17 | 8.22 | 8.27 | 8.31 |
| Woodie | 7.39 | 7.57 | 7.91 | 8.09 | 8.43 | 8.61 | 8.95 |
| Fibonacci | 7.54 | 7.74 | 7.86 | 8.06 | 8.26 | 8.38 | 8.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.02 | 7.26 | 7.50 | 7.74 | 7.98 | 8.22 | 8.46 |
| Camarilla | 7.61 | 7.65 | 7.70 | 7.74 | 7.78 | 7.83 | 7.87 |
| Woodie | 7.02 | 7.26 | 7.50 | 7.74 | 7.98 | 8.22 | 8.46 |
| Fibonacci | 7.26 | 7.44 | 7.56 | 7.74 | 7.92 | 8.04 | 8.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.83 | 5.37 | 6.29 | 6.83 | 7.75 | 8.29 | 9.21 |
| Camarilla | 6.80 | 6.93 | 7.07 | 7.20 | 7.33 | 7.47 | 7.60 |
| Woodie | 5.01 | 5.47 | 6.47 | 6.93 | 7.93 | 8.39 | 9.39 |
| Fibonacci | 5.37 | 5.93 | 6.28 | 6.83 | 7.39 | 7.74 | 8.29 |
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): | 71.54 | |
| MACD (12,26,9): | 0.3900 | |
| Directional Movement: | 20.22 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 7.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.50 | |
| Elder Ray (13): | 0.48 | |
| Super Trend (3,10): | 6.87 | |
| Zig ZAG (10): | 8.17 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 83.97 | |
| TEMA (21): | 7.99 | |
| Williams %R (14): | -5.11 | |
| Chande Momentum Oscillator (20): | 1.37 | |
| Repulse (5,40,3): | 4.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7300 | |
| Courbe Coppock: | 28.15 |
| MA7: | 7.80 | |
| MA20: | 7.24 | |
| MA50: | 6.57 | |
| MA100: | 6.49 | |
| MAexp7: | 7.75 | |
| MAexp20: | 7.31 | |
| MAexp50: | 6.83 | |
| MAexp100: | 6.69 | |
| Price / MA7: | +4.74% | |
| Price / MA20: | +12.85% | |
| Price / MA50: | +24.35% | |
| Price / MA100: | +25.89% | |
| Price / MAexp7: | +5.42% | |
| Price / MAexp20: | +11.76% | |
| Price / MAexp50: | +19.62% | |
| Price / MAexp100: | +22.12% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on MEDINCELL at the time of the analysis were as follows:
- MedinCell and the European Investment Bank (EIB) Have Replaced a Financial Covenant of Their Ongoing Loan Agreement to Better Fit with MedinCell Business Model
- MedinCell: Participation Terms in the Combined General Meeting
- MedinCell’s Partner Teva Announces Successful Launch of UZEDY™
- MedinCell’s Partner Teva Announces Successful Launch of UZEDY™
- MedinCell has Received the Last Tranche of €10m from the European Investment Bank (EIB) Loan
This member declared not having a position on this financial instrument or a related financial instrument.
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