MFE-MEDIAFOREUROPE NV-CL B (MFEB.MI) Stock Technical Analysis
BIT:MFEB - Euronext Milan - NL0015001OJ9 - Common Stock - Currency: EUR
We assign a technical rating of 2 out of 10 to MFEB. In the past year, MFEB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, MFEB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.95, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.67
3 important support areas can be observed.
- A support zone ranging from 3.88 to 3.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.77 to 3.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.71 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.00 to 4.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.14 from a horizontal line in the daily time frame.
- Resistance @4.42 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MFEB.MI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFEB.MI is up. |
| ChartMill Relative Strength | 27.84 | NEGATIVE | MFEB.MI has a low relative strength, it was outperformed by 72.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MFEB.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MFEB.MI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MFEB.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.74 | NEUTRAL | The RSI value for MFEB.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MFEB.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.92 | NEUTRAL | The Stochastics value for MFEB.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for MFEB.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.21 | NEGATIVE | The low ADX value for MFEB.MI suggests a weak or negative trend. |
BIT:MFEB (8/14/2025, 7:00:00 PM)
3.98
+0 (+0.1%)