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 06/11/2024 (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 bearish

Underlying: Strongly bearish

Technical indicators

44%

22%

33%

My opinion

Bearish under 0.0088 CHF

My targets

0.0070 CHF (-3.70%)

0.0068 CHF (-6.85%)

My analysis

The bearish trend is currently very strong for MEYER BURGER N. As long as the price remains below the resistance at 0.0088 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.0070 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.0068 CHF as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.4

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 0.0073 CHF. The price registered an increase of +4.29% on the session and was between 0.0069 CHF and 0.0076 CHF. This implies that the price is at +5.80% from its lowest and at -3.95% from its highest.

0.0069

0.0076

0.0073

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

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 strongly bearish. 92.86% 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.0068	0.0073	0.0092	0.0104	0.0111
Change (%)	-6.85%	-	+26.03%	+42.47%	+52.05%
Change	-0.0005	-	+0.0019	+0.0031	+0.0038
Level	Intermediate	-	Minor	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	0.0051	0.0059	0.0065	0.0073	0.0079	0.0087	0.0093
Camarilla	0.0066	0.0067	0.0069	0.0070	0.0071	0.0073	0.0074
Woodie	0.0049	0.0059	0.0063	0.0073	0.0077	0.0087	0.0091
Fibonacci	0.0059	0.0065	0.0068	0.0073	0.0079	0.0082	0.0087

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.0043	0.0061	0.0070	0.0088	0.0097	0.0115	0.0124
Camarilla	0.0073	0.0075	0.0078	0.0080	0.0083	0.0085	0.0087
Woodie	0.0040	0.0059	0.0067	0.0086	0.0094	0.0113	0.0121
Fibonacci	0.0061	0.0071	0.0077	0.0088	0.0098	0.0104	0.0115

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.0067	0.0083	0.0093	0.0109	0.0119	0.0135	0.0145
Camarilla	0.0095	0.0097	0.0100	0.0102	0.0104	0.0107	0.0109
Woodie	0.0063	0.0082	0.0089	0.0108	0.0115	0.0134	0.0141
Fibonacci	0.0083	0.0093	0.0099	0.0109	0.0119	0.0125	0.0135

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):	40.48
MACD (12,26,9):	-0.0003
Directional Movement:	-2.3031
AROON (14):	-28.5714
DEMA (21):	0.0071
Parabolic SAR (0,02-0,02-0,2):	0.0069
Elder Ray (13):	-0.0001
Super Trend (3,10):	0.0081
Zig ZAG (10):	0.0073
VORTEX (21):	0.8000
Stochastique (14,3,5):	37.70
TEMA (21):	0.0071
Williams %R (14):	-58.33
Chande Momentum Oscillator (20):	-0.0001
Repulse (5,40,3):	0.4296
ROCnROLL:	2
TRIX (15,9):	-0.6674
Courbe Coppock:	14.87

MA7:	0.0081
MA20:	0.0099
MA50:	0.0118
MA100:	0.0489
MAexp7:	0.0073
MAexp20:	0.0075
MAexp50:	0.0082
MAexp100:	0.0091
Price / MA7:	-9.88%
Price / MA20:	-26.26%
Price / MA50:	-38.14%
Price / MA100:	-85.07%
Price / MAexp7:	-0%
Price / MAexp20:	-2.67%
Price / MAexp50:	-10.98%
Price / MAexp100:	-19.78%

Quotes : - 15 min delayed data - Switzerland SWX Stocks

News

The latest news and videos published on MEYER BURGER N 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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