MEYER BURGER N0

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	MBTN0
ISIN:	CH0108503795

MEYER BURGER N0 - 1H - Technical analysis published on 03/27/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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MEYER BURGER N0 Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

22%

My opinion

Bullish above 0.0157 CHF

My targets

0.0311 CHF (+11.07%)

0.0407 CHF (+45.25%)

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 MEYER BURGER N as long as the price remains well above 0.0157 CHF. The buyers' bullish objective is set at 0.0311 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.0407 CHF. If there is any crossing, the next objective would be the resistance located at 0.0599 CHF. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.0311 CHF. On this resistance, against the trend traders who would like to go short on MEYER BURGER N 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

3.2

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.

This analysis was given by Londinia.

Additional analysis

Quotes

MEYER BURGER N rating 0.0280 CHF. On the day, this instrument gained +9.80% with the lowest point at 0.0261 CHF and the highest point at 0.0295 CHF. The deviation from the price is +7.28% for the low point and -5.08% for the high point.

0.0261

0.0295

0.0280

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MEYER BURGER N:

Abnormal volumes on MEYER BURGER N were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of MEYER BURGER N indicates that the overall trend is slightly bearish. 53.57% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

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:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.0154	0.0280	0.0311	0.0599	0.0790
Change (%)	-45.00%	-	+11.07%	+113.93%	+182.14%
Change	-0.0126	-	+0.0031	+0.0319	+0.0510
Level	Major	-	Minor	Major	Minor

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	0.0144	0.0174	0.0214	0.0244	0.0284	0.0314	0.0354
Camarilla	0.0236	0.0242	0.0249	0.0255	0.0261	0.0268	0.0274
Woodie	0.0150	0.0177	0.0220	0.0247	0.0290	0.0317	0.0360
Fibonacci	0.0174	0.0200	0.0217	0.0244	0.0270	0.0287	0.0314

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.0257	-0.0052	0.0075	0.0280	0.0407	0.0612	0.0739
Camarilla	0.0110	0.0140	0.0171	0.0201	0.0231	0.0262	0.0292
Woodie	-0.0297	-0.0072	0.0035	0.0261	0.0367	0.0593	0.0699
Fibonacci	-0.0052	0.0075	0.0154	0.0280	0.0407	0.0486	0.0612

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.0286	0.0157	0.0410	0.0853	0.1106	0.1549	0.1802
Camarilla	0.0472	0.0535	0.0599	0.0663	0.0727	0.0791	0.0854
Woodie	-0.0381	0.0110	0.0315	0.0806	0.1011	0.1502	0.1707
Fibonacci	0.0157	0.0423	0.0587	0.0853	0.1119	0.1283	0.1549

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):	65.33
MACD (12,26,9):	0.0014
Directional Movement:	16.1119
AROON (14):	64.2857
DEMA (21):	0.0266
Parabolic SAR (0,02-0,02-0,2):	0.0237
Elder Ray (13):	0.0015
Super Trend (3,10):	0.0229
Zig ZAG (10):	0.0280
VORTEX (21):	1.1654
Stochastique (14,3,5):	82.97
TEMA (21):	0.0288
Williams %R (14):	-16.30
Chande Momentum Oscillator (20):	0.0036
Repulse (5,40,3):	3.3199
ROCnROLL:	1
TRIX (15,9):	0.8104
Courbe Coppock:	41.52

MA7:	0.0242
MA20:	0.0465
MA50:	0.0848
MA100:	0.1473
MAexp7:	0.0269
MAexp20:	0.0250
MAexp50:	0.0262
MAexp100:	0.0345
Price / MA7:	+15.70%
Price / MA20:	-39.78%
Price / MA50:	-66.98%
Price / MA100:	-80.99%
Price / MAexp7:	+4.09%
Price / MAexp20:	+12.00%
Price / MAexp50:	+6.87%
Price / MAexp100:	-18.84%

Quotes : - 15 min delayed data - Switzerland SWX Stocks

News

Don't forget to follow the news on MEYER BURGER N. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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