BANCA MONTE PASCHI SIENA - 1H - Technical analysis published on 01/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
28%
50%
22%
My opinion
Bearish under 3.331 EUR
My targets
3.204 EUR (-1.84%)
3.117 EUR (-4.50%)
My analysis
The current short-term bearish acceleration registered on BANCA MONTE PASCHI SIENA should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 3.331 EUR. Short-term sellers will use the support located at 3.204 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 3.117 EUR. Crossing this support would then open the door for sellers to target 3.041 EUR. Caution, if there is a return to below 3.331 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BANCA MONTE PASCHI SIENA rating 3.264 EUR. The price is lower by -0.09% since the last closing and was between 3.227 EUR and 3.307 EUR. This implies that the price is at +1.15% from its lowest and at -1.30% from its highest.3.227
3.307
3.264
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BANCA MONTE PASCHI SIENA indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 4 are neutral and 9 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 3.041 | 3.117 | 3.204 | 3.264 | 3.331 | 3.394 | 21.525 |
| Change (%) | -6.83% | -4.50% | -1.84% | - | +2.05% | +3.98% | +559.47% |
| Change | -0.223 | -0.147 | -0.060 | - | +0.067 | +0.130 | +18.261 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.021 | 3.121 | 3.194 | 3.294 | 3.367 | 3.467 | 3.540 |
| Camarilla | 3.219 | 3.235 | 3.251 | 3.267 | 3.283 | 3.299 | 3.315 |
| Woodie | 3.008 | 3.114 | 3.181 | 3.287 | 3.354 | 3.460 | 3.527 |
| Fibonacci | 3.121 | 3.187 | 3.228 | 3.294 | 3.360 | 3.401 | 3.467 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.809 | 2.934 | 3.134 | 3.259 | 3.459 | 3.584 | 3.784 |
| Camarilla | 3.245 | 3.274 | 3.304 | 3.334 | 3.364 | 3.394 | 3.423 |
| Woodie | 2.847 | 2.953 | 3.172 | 3.278 | 3.497 | 3.603 | 3.822 |
| Fibonacci | 2.934 | 3.058 | 3.135 | 3.259 | 3.383 | 3.460 | 3.584 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.322 | 2.626 | 2.836 | 3.140 | 3.350 | 3.654 | 3.864 |
| Camarilla | 2.905 | 2.952 | 2.999 | 3.046 | 3.093 | 3.140 | 3.187 |
| Woodie | 2.275 | 2.603 | 2.789 | 3.117 | 3.303 | 3.631 | 3.817 |
| Fibonacci | 2.626 | 2.822 | 2.944 | 3.140 | 3.336 | 3.458 | 3.654 |
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): | 43.55 | |
| MACD (12,26,9): | -0.0160 | |
| Directional Movement: | -9.567 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 3.265 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.291 | |
| Elder Ray (13): | -0.014 | |
| Super Trend (3,10): | 3.333 | |
| Zig ZAG (10): | 3.258 | |
| VORTEX (21): | 0.8320 | |
| Stochastique (14,3,5): | 24.56 | |
| TEMA (21): | 3.239 | |
| Williams %R (14): | -54.65 | |
| Chande Momentum Oscillator (20): | -0.024 | |
| Repulse (5,40,3): | 0.0760 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 4.81 |
| MA7: | 3.297 | |
| MA20: | 3.175 | |
| MA50: | 3.029 | |
| MA100: | 2.766 | |
| MAexp7: | 3.262 | |
| MAexp20: | 3.283 | |
| MAexp50: | 3.276 | |
| MAexp100: | 3.233 | |
| Price / MA7: | -1.00% | |
| Price / MA20: | +2.80% | |
| Price / MA50: | +7.76% | |
| Price / MA100: | +18.00% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.58% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | +0.96% |
Quotes :
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15 min delayed data
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Italy Stocks
News
Don't forget to follow the news on BANCA MONTE PASCHI SIENA. At the time of publication of this analysis, the latest news was as follows:
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The moment the lights went out on MPs - BBC News
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MPs demand answers over rising cost of F-35 jets
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Brits & MPs disagree with May's #Brexit approach
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Cross-party group of MPs to fight 'destructive' hard #Brexit
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Monte dei Paschi to cut 5,500 jobs in EU-approved restructuring plan
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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