Synthesis
The MACD is negative and below its signal line. This configuration degrades the outlook on the title. The RSI does not yet indicate oversold so further decline is technically possible. Below 20, the stochastics are extremely low. The volumes traded are higher than the average volume over the last 10 days.
Moves and Levels
The stock is trending downward. It is below its 50-day moving average located at 12.64. The 20-day moving average is below the 50-day moving average. Our first support is at 9.89 EUR, then at 9.14 EUR and resistance is at 12.5 EUR, then at 13.25 EUR
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Negative | Price on 10/27 | 11.01 |
| Basic trend | Bearish | MM20 | 11.76 |
| Bracket 1 | 9.89 | MM50 | 12.64 |
| Bracket 2 | 9.14 | ROI | 31.64 |
| Resistance 1 | 12.50 | MACD | – 0.39 |
| Resistance 2 | 13.25 | Stochastic | 16.55 |
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Technical Analysis provided by TEC ©2023. All rights of reproduction and representation reserved. TEC is an analysis of the technical situation of an asset at a given time and which is subject to change at any time. The notions of support and resistance come from the elementary principles of technical analysis. This indicative information does not in any way constitute an inducement to sell or buy. The reader remains solely responsible for their interpretation and use of the information made available to them.