Londinia Opportunities Analyses - 05/02/2024 (GMT) RCS MEDIAGROUP - 1H

- EUR (-)

- 15 min delayed data - Italy Stocks

Type:	Stocks
Ticker:	RCS
ISIN:	IT0004931496

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.816 EUR

My targets

0.848 EUR (+2.91%)

0.852 EUR (+3.40%)

My analysis

The bullish trend is currently very strong on RCS MEDIAGROUP. As long as the price remains above the support at 0.816 EUR, you could try to benefit from the boom. The first bullish objective is located at 0.848 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.852 EUR as an objective. Crossing it would then enable buyers to target 1.176 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 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

8.9

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Additional analysis

Quotes

The RCS MEDIAGROUP rating is 0.824 EUR. The price registered an increase of +0.73% on the session and was traded between 0.814 EUR and 0.824 EUR over the period. The price is currently at +1.23% from its lowest and 0% from its highest.

0.814

0.824

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

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

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 : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this RCS MEDIAGROUP chart shows a strongly 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.794	0.809	0.816	0.824	0.848	1.176	2.437
Change (%)	-3.64%	-1.82%	-0.97%	-	+2.91%	+42.72%	+195.75%
Change	-0.030	-0.015	-0.008	-	+0.024	+0.352	+1.613
Level	Intermediate	Intermediate	Minor	-	Intermediate	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.795	0.801	0.809	0.815	0.823	0.829	0.837
Camarilla	0.814	0.815	0.817	0.818	0.819	0.821	0.822
Woodie	0.797	0.802	0.811	0.816	0.825	0.830	0.839
Fibonacci	0.801	0.806	0.809	0.815	0.820	0.823	0.829

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.756	0.768	0.788	0.800	0.820	0.832	0.852
Camarilla	0.799	0.802	0.805	0.808	0.811	0.814	0.817
Woodie	0.760	0.770	0.792	0.802	0.824	0.834	0.856
Fibonacci	0.768	0.780	0.788	0.800	0.812	0.820	0.832

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.745	0.761	0.789	0.805	0.833	0.849	0.877
Camarilla	0.806	0.810	0.814	0.818	0.822	0.826	0.830
Woodie	0.752	0.764	0.796	0.808	0.840	0.852	0.884
Fibonacci	0.761	0.778	0.788	0.805	0.822	0.832	0.849

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):	67.77
MACD (12,26,9):	0.0040
Directional Movement:	16.818
AROON (14):	85.714
DEMA (21):	0.819
Parabolic SAR (0,02-0,02-0,2):	0.810
Elder Ray (13):	0.003
Super Trend (3,10):	0.810
Zig ZAG (10):	0.820
VORTEX (21):	1.1390
Stochastique (14,3,5):	95.83
TEMA (21):	0.821
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.014
Repulse (5,40,3):	1.2120
ROCnROLL:	1
TRIX (15,9):	0.0590
Courbe Coppock:	2.82

MA7:	0.809
MA20:	0.802
MA50:	0.774
MA100:	0.758
MAexp7:	0.819
MAexp20:	0.815
MAexp50:	0.809
MAexp100:	0.804
Price / MA7:	+1.85%
Price / MA20:	+2.74%
Price / MA50:	+6.46%
Price / MA100:	+8.71%
Price / MAexp7:	+0.61%
Price / MAexp20:	+1.10%
Price / MAexp50:	+1.85%
Price / MAexp100:	+2.49%

Quotes : - 15 min delayed data - Actions Italie

News

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