Londinia Opportunities Analyses - 12/05/2024 (GMT) MARR - 1H
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EUR
(-)
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15 min delayed data - Italy Stocks
| Type: | Stocks |
| Ticker: | MARR |
| ISIN: | IT0003428445 |
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
78%
0%
22%
My opinion
Bullish above 9.94 EUR
My targets
10.14 EUR (+1.40%)
10.46 EUR (+4.60%)
My analysis
The bullish trend is currently very strong on MARR. As long as the price remains above the support at 9.94 EUR, you could try to benefit from the boom. The first bullish objective is located at 10.14 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.46 EUR as an objective. Crossing it would then enable buyers to target 10.70 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
0
10
8.2
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.
Additional analysis
Quotes
The MARR price is 10.00 EUR. The price has increased by +0.71% since the last closing with the lowest point at 9.96 EUR and the highest point at 10.00 EUR. The deviation from the price is +0.40% for the low point and 0% for the high point.9.96
10.00
10.00
Here is a more detailed summary of the historical variations registered by MARR:
Technical
Technical analysis of MARR in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.36 | 9.65 | 9.94 | 10.00 | 10.14 | 10.46 | 10.70 |
| Change (%) | -6.40% | -3.50% | -0.60% | - | +1.40% | +4.60% | +7.00% |
| Change | -0.64 | -0.35 | -0.06 | - | +0.14 | +0.46 | +0.70 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.78 | 9.84 | 9.89 | 9.95 | 10.00 | 10.06 | 10.11 |
| Camarilla | 9.90 | 9.91 | 9.92 | 9.93 | 9.94 | 9.95 | 9.96 |
| Woodie | 9.77 | 9.84 | 9.88 | 9.95 | 9.99 | 10.06 | 10.10 |
| Fibonacci | 9.84 | 9.89 | 9.91 | 9.95 | 10.00 | 10.02 | 10.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.96 | 9.26 | 9.53 | 9.83 | 10.10 | 10.40 | 10.67 |
| Camarilla | 9.63 | 9.69 | 9.74 | 9.79 | 9.84 | 9.90 | 9.95 |
| Woodie | 8.94 | 9.25 | 9.51 | 9.82 | 10.08 | 10.39 | 10.65 |
| Fibonacci | 9.26 | 9.48 | 9.62 | 9.83 | 10.05 | 10.19 | 10.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.78 | 8.57 | 9.18 | 9.97 | 10.58 | 11.37 | 11.98 |
| Camarilla | 9.41 | 9.53 | 9.66 | 9.79 | 9.92 | 10.05 | 10.18 |
| Woodie | 7.69 | 8.53 | 9.09 | 9.93 | 10.49 | 11.33 | 11.89 |
| Fibonacci | 8.57 | 9.11 | 9.44 | 9.97 | 10.51 | 10.84 | 11.37 |
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): | 58.55 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 12.47 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 9.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.91 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 9.81 | |
| Zig ZAG (10): | 9.98 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 65.05 | |
| TEMA (21): | 9.98 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 2.70 |
| MA7: | 9.87 | |
| MA20: | 9.96 | |
| MA50: | 10.67 | |
| MA100: | 11.05 | |
| MAexp7: | 9.96 | |
| MAexp20: | 9.92 | |
| MAexp50: | 9.88 | |
| MAexp100: | 9.90 | |
| Price / MA7: | +1.32% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | -6.28% | |
| Price / MA100: | -9.50% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | +0.81% | |
| Price / MAexp50: | +1.21% | |
| Price / MAexp100: | +1.01% |
Quotes :
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15 min delayed data
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