Londinia Opportunities Analyses - 05/14/2024 (GMT) MGI DIGITAL GRAPHI - 1H

- EUR (-)

- 15 min delayed data - Euronext Paris

Type:	Stocks
Ticker:	ALMDG
ISIN:	FR0010353888

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 21.35 EUR

My targets

22.40 EUR (+3.23%)

23.00 EUR (+5.99%)

My analysis

MGI DIGITAL GRAPHI 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 21.35 EUR. The next resistance located at 22.40 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 23.00 EUR. After this resistance, buyers could then target 25.95 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

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Additional analysis

Quotes

The MGI DIGITAL GRAPHI rating is 21.70 EUR. On the day, this instrument gained +2.84% with the lowest point at 21.15 EUR and the highest point at 21.95 EUR. The deviation from the price is +2.60% for the low point and -1.14% for the high point.

21.15

21.95

21.70

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

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

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 MGI DIGITAL GRAPHI indicates that the overall trend is strongly bullish. 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 market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19.42	20.75	21.35	21.70	22.40	23.00	25.95
Change (%)	-10.51%	-4.38%	-1.61%	-	+3.23%	+5.99%	+19.59%
Change	-2.28	-0.95	-0.35	-	+0.70	+1.30	+4.25
Level	Intermediate	Major	Minor	-	Major	Minor	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	19.20	20.10	20.60	21.50	22.00	22.90	23.40
Camarilla	20.72	20.84	20.97	21.10	21.23	21.36	21.49
Woodie	19.00	20.00	20.40	21.40	21.80	22.80	23.20
Fibonacci	20.10	20.64	20.97	21.50	22.04	22.37	22.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.47	18.44	20.30	21.27	23.13	24.10	25.96
Camarilla	21.37	21.63	21.89	22.15	22.41	22.67	22.93
Woodie	17.91	18.66	20.74	21.49	23.57	24.32	26.40
Fibonacci	18.44	19.52	20.19	21.27	22.35	23.02	24.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.59	14.41	17.17	18.99	21.75	23.57	26.33
Camarilla	18.68	19.10	19.52	19.94	20.36	20.78	21.20
Woodie	13.07	14.65	17.65	19.23	22.23	23.81	26.81
Fibonacci	14.41	16.16	17.24	18.99	20.74	21.82	23.57

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):	56.85
MACD (12,26,9):	0.1300
Directional Movement:	7.57
AROON (14):	-57.14
DEMA (21):	21.71
Parabolic SAR (0,02-0,02-0,2):	21.04
Elder Ray (13):	0.20
Super Trend (3,10):	22.15
Zig ZAG (10):	21.75
VORTEX (21):	0.9100
Stochastique (14,3,5):	62.01
TEMA (21):	21.62
Williams %R (14):	-31.82
Chande Momentum Oscillator (20):	0.30
Repulse (5,40,3):	0.2900
ROCnROLL:	1
TRIX (15,9):	0.0900
Courbe Coppock:	1.98

MA7:	20.93
MA20:	19.93
MA50:	18.13
MA100:	16.65
MAexp7:	21.64
MAexp20:	21.53
MAexp50:	21.15
MAexp100:	20.61
Price / MA7:	+3.68%
Price / MA20:	+8.88%
Price / MA50:	+19.69%
Price / MA100:	+30.33%
Price / MAexp7:	+0.28%
Price / MAexp20:	+0.79%
Price / MAexp50:	+2.60%
Price / MAexp100:	+5.29%

Quotes : - 15 min delayed data - Euronext Paris