The MACD is positive and above its signal line. This configuration confirms the good orientation of the index. We can see that the upside potential of the RSI is not exhausted. Stochastics, for their part, are in the overbought zone, a correction is likely in the near term. The volumes traded are lower than the average volumes over the last 10 days.
Movements and levels
The index is trending upward. It is above its 50-day moving average. The 20-day moving average is higher than the 50-day moving average. Support is at 6874.41 PTS, then 6760.48 PTS and resistance is at 7444.09 PTS, then at 7558.02 PTS
|Technical advice||Positive||Price as of 12/30||7,161.52|
|Support 1||6 874.41||MM50||6,964.40|
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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.