Synthesis
The MACD is negative, but it is above its signal line: the trend is changing. Now the MACD needs to cross zero for the rise to continue in the days to come. The main strength of movement indicator (RSI) shows that the technical situation is quite healthy as there is no overbought. Stochastic indicators are not giving clear signals for the days to come. The volumes traded are lower than the average volumes over the last 10 days.
Movements and levels
The title is trending downward. It is below its 50-day moving average located at 4.02. The 20-day moving average is lower than the 50-day moving average. Our first support is at 3.63 EUR, then at 3.46 EUR and resistance is at 4.23 EUR, then at 4.4 EUR
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Price as of 12/31 | 3.88 |
| Underlying trend | Negative | MM20 | 3.89 |
| Support 1 | 3.63 | MM50 | 4.02 |
| Support 2 | 3.46 | RSI | 46.63 |
| Resistance 1 | 4.23 | MACD | – 0.02 |
| Resistance 2 | 4.40 | Stochastic | 57.74 |
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Technical Analysis provided by TEC © 2021. All rights of reproduction and representation reserved. TEC is an analysis of the technical situation of an asset at a given moment and which is liable to change at any time. The concepts of support and resistance come from the elementary principles of technical analysis. This indicative information does not in any way constitute an invitation to sell or buy. The reader remains solely responsible for their interpretation and for the use of the information made available to him.