MARR

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	MARR
ISIN:	IT0003428445

MARR - Daily - Technical analysis published on 05/15/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 14.20 EUR

My targets

16.20 EUR (+6.30%)

20.18 EUR (+32.41%)

My analysis

MARR 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 14.20 EUR. The next resistance located at 16.20 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 20.18 EUR. After this resistance, buyers could then target 22.16 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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.

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Additional analysis

Quotes

MARR rating 15.24 EUR. On the day, this instrument gained +12.56% with the lowest point at 13.76 EUR and the highest point at 15.38 EUR. The deviation from the price is +10.76% for the low point and -0.91% for the high point.

13.76

15.38

15.24

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MARR:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of MARR in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

White line without lower shadow

Type : Bullish

Timeframe : Daily

White marubozu

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.09	13.70	14.20	15.24	16.20	20.18	22.16
Change (%)	-14.11%	-10.10%	-6.82%	-	+6.30%	+32.41%	+45.41%
Change	-2.15	-1.54	-1.04	-	+0.96	+4.94	+6.92
Level	Major	Intermediate	Major	-	Intermediate	Major	Major

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	13.00	13.18	13.36	13.54	13.72	13.90	14.08
Camarilla	13.44	13.47	13.51	13.54	13.57	13.61	13.64
Woodie	13.00	13.18	13.36	13.54	13.72	13.90	14.08
Fibonacci	13.18	13.32	13.40	13.54	13.68	13.76	13.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.79	13.07	13.31	13.59	13.83	14.11	14.35
Camarilla	13.40	13.45	13.49	13.54	13.59	13.64	13.68
Woodie	12.76	13.06	13.28	13.58	13.80	14.10	14.32
Fibonacci	13.07	13.27	13.40	13.59	13.79	13.92	14.11

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.17	12.63	13.41	13.87	14.65	15.11	15.89
Camarilla	13.86	13.97	14.09	14.20	14.31	14.43	14.54
Woodie	12.34	12.71	13.58	13.95	14.82	15.19	16.06
Fibonacci	12.63	13.10	13.39	13.87	14.34	14.63	15.11

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	75.47
MACD (12,26,9):	0.3000
Directional Movement:	24.07
AROON (14):	7.14
DEMA (21):	14.21
Parabolic SAR (0,02-0,02-0,2):	13.36
Elder Ray (13):	0.61
Super Trend (3,10):	13.05
Zig ZAG (10):	15.34
VORTEX (21):	1.0100
Stochastique (14,3,5):	47.26
TEMA (21):	14.18
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	1.14
Repulse (5,40,3):	13.0900
ROCnROLL:	1
TRIX (15,9):	0.3300
Courbe Coppock:	4.16

MA7:	13.92
MA20:	13.82
MA50:	12.93
MA100:	12.46
MAexp7:	14.10
MAexp20:	13.79
MAexp50:	13.20
MAexp100:	12.68
Price / MA7:	+9.48%
Price / MA20:	+10.27%
Price / MA50:	+17.87%
Price / MA100:	+22.31%
Price / MAexp7:	+8.09%
Price / MAexp20:	+10.51%
Price / MAexp50:	+15.45%
Price / MAexp100:	+20.19%

Quotes : - 15 min delayed data - Italy Stocks

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

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Londinia AI

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