BANCA MONTE PASCHI SIENA - Daily - Technical analysis published on 11/21/2019 (GMT)
- 189
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
28%
44%
28%
My opinion
Bearish under 1.565 EUR
My targets
1.440 EUR (-1.30%)
1.246 EUR (-14.60%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for BCA MPS as long as the price remains well below 1.565 EUR. The sellers” bearish objective is set at 1.440 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.246 EUR. If there is any crossing, the next objective would be the support located at 1.189 EUR.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
2.3
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BCA MPS price is 1.459 EUR. The price registered a decrease of -0.14% on the session with the lowest point at 1.436 EUR and the highest point at 1.469 EUR. The deviation from the price is +1.60% for the low point and -0.68% for the high point.1.436
1.469
1.459
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BCA MPS indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : Daily
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.189 | 1.246 | 1.440 | 1.459 | 1.565 | 1.710 | 72.300 |
| Change (%) | -18.51% | -14.60% | -1.30% | - | +7.27% | +17.20% | +4,855.45% |
| Change | -0.270 | -0.213 | -0.019 | - | +0.106 | +0.251 | +70.841 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | 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 | 1.436 | 1.446 | 1.466 | 1.476 | 1.496 | 1.506 | 1.526 |
| Camarilla | 1.477 | 1.480 | 1.482 | 1.485 | 1.488 | 1.491 | 1.493 |
| Woodie | 1.440 | 1.449 | 1.470 | 1.479 | 1.500 | 1.509 | 1.530 |
| Fibonacci | 1.446 | 1.458 | 1.465 | 1.476 | 1.488 | 1.495 | 1.506 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.253 | 1.353 | 1.417 | 1.517 | 1.581 | 1.681 | 1.745 |
| Camarilla | 1.435 | 1.450 | 1.465 | 1.480 | 1.495 | 1.510 | 1.525 |
| Woodie | 1.234 | 1.344 | 1.398 | 1.508 | 1.562 | 1.672 | 1.726 |
| Fibonacci | 1.353 | 1.416 | 1.455 | 1.517 | 1.580 | 1.619 | 1.681 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.241 | 1.326 | 1.384 | 1.469 | 1.527 | 1.612 | 1.670 |
| Camarilla | 1.404 | 1.417 | 1.430 | 1.443 | 1.456 | 1.469 | 1.482 |
| Woodie | 1.229 | 1.319 | 1.372 | 1.462 | 1.515 | 1.605 | 1.658 |
| Fibonacci | 1.326 | 1.380 | 1.414 | 1.469 | 1.523 | 1.557 | 1.612 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.43 | |
| MACD (12,26,9): | -0.0050 | |
| Directional Movement: | 9.247 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 1.480 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.615 | |
| Elder Ray (13): | -0.008 | |
| Super Trend (3,10): | 1.404 | |
| Zig ZAG (10): | 1.461 | |
| VORTEX (21): | 0.9470 | |
| Stochastique (14,3,5): | 24.83 | |
| TEMA (21): | 1.477 | |
| Williams %R (14): | -81.77 | |
| Chande Momentum Oscillator (20): | 0.009 | |
| Repulse (5,40,3): | -3.0780 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0350 | |
| Courbe Coppock: | 0.85 |
| MA7: | 1.480 | |
| MA20: | 1.485 | |
| MA50: | 1.512 | |
| MA100: | 1.477 | |
| MAexp7: | 1.479 | |
| MAexp20: | 1.486 | |
| MAexp50: | 1.483 | |
| MAexp100: | 1.446 | |
| Price / MA7: | -1.42% | |
| Price / MA20: | -1.75% | |
| Price / MA50: | -3.51% | |
| Price / MA100: | -1.22% | |
| Price / MAexp7: | -1.35% | |
| Price / MAexp20: | -1.82% | |
| Price / MAexp50: | -1.62% | |
| Price / MAexp100: | +0.90% |
News
Don"t forget to follow the news on BCA MPS. At the time of publication of this analysis, the latest news was as follows:
-
The moment the lights went out on MPs - BBC News
-
MPs demand answers over rising cost of F-35 jets
-
Brits & MPs disagree with May's #Brexit approach
-
Cross-party group of MPs to fight 'destructive' hard #Brexit
-
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
Online
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…
Add a comment
Comments
0 comments on the analysis BANCA MONTE PASCHI SIENA - Daily