Me Group International (MEGP)

Sell: 207.50p

Buy: 209.00p

Change: -3.00p | -1.42%

Last updated 16:35 27/12/24. Prices delayed by at least 15 minutes. Change is calculated based on previous close price.

Technical analysis

The information in this section is provided by Noesis Tech Analysis not Barclays.

This share factsheet isn’t an investment recommendation. We don’t offer personal advice so if you’re unsure, please seek independent advice. Remember, the value of investments can fall as well as rise and you may get back less than you invest.

Trend

The trend arrows show short, mid and long term signal.

Short term:

Bearish
Medium term:

Bearish
Long term:

Bearish

Short term comment

The current price phase anticipates a move bearish very pressured by the 208.933 area and increasing the risk of overbought and setbacks I would have to overcome 208.933 to propose the change to a more neutral scenario

Long term comment

Between december 2023 and april 2024 a bearish phase took place and moved the price from 160.611 to 111.911. This phase was corrected by a significative upward reaction that returned the price to 235.500 levels on the 24th of november. After this, the current fall from 235.500 to 200.500 has not reached the previous lows in 111.911, an area of important support.

Technical outlook

Bullish in the long term, although it must still break above the resistance at 21.07 to slightly improve in the short term.

Technical Comment: Outperform

Oscillators

Moving average

View technical details

Pivot points

Pivot points
Support 3	Support 2	Support 1	Resistance 1	Resistance 2	Resistance 3
199.5000	204.5000	206.5000	211.5000	214.5000	219.5000

Alerts

Alerts
Priority	Date	Warning
Medium priority	30/12/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	30/12/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	30/12/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
High priority	30/12/2024	Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority	27/12/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	27/12/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	27/12/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
High priority	27/12/2024	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
Medium priority	26/12/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	26/12/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	26/12/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.

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