Synthesis
The MACD is negative, but it is above its signal line: the trend is changing. Now, the MACD must cross zero for the rise to continue in the coming days. The RSI is above 50, this confirms a good direction of the index. Stochastic indicators do not give clear signals for the days to come. The volumes traded are higher than the average volume over the last 10 days.
Moves and Levels
Since the lowest at 6795.38 PTS, the index is in the technical recovery phase towards its 50-day moving average located at 7113.34: the behavior of prices at this level will allow us to envisage the continuation of the movement in the medium term. To lighten the position, we can wait to test the short-term resistances located at 7175.32 PTS and 7386.32 PTS. Supports are at 6647.81 PTS then at 6542.31 PTS
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Course on 03/11 | 7,060.69 |
| Basic trend | Bearish | MM20 | 6,964.31 |
| Bracket 1 | 6,647.81 | MM50 | 7,113.34 |
| Bracket 2 | 6,542.31 | ROI | 54.92 |
| Resistance 1 | 7,175.32 | MACD | – 55.41 |
| Resistance 2 | 7,386.32 | Stochastic | 54.48 |
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