Synthesis
The MACD is positive and above its signal line. This configuration confirms the good orientation of the index. Nevertheless, the RSI is in the overbought zone, we can expect a technical correction in the short term. Moreover, stochastics are very high, which confirms the risks in the event of a sharp reversal. The volumes traded are lower than the average volume over the last 10 days.
Movements and Levels
The index is trending up. It is above its 50-day moving average. The 20-day moving average is higher than the 50-day moving average. The support is at 7047.27 PTS, then at 6956.84 PTS and the resistance is at 7499.43 PTS, then at 7589.86 PTS
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Price on 02/17 | 7,366.16 |
| Background trend | Bullish | MM20 | 7,137.71 |
| Bracket 1 | 7,047.27 | MM50 | 6,885.78 |
| Bracket 2 | 6,956.84 | ROI | 72.23 |
| Resistance 1 | 7,499.43 | MACD | 105.55 |
| Resistance 2 | 7,589.86 | Stochastic | 88.20 |
Technical analysis provided by © TEC
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 invitation to sell or buy. The reader remains solely responsible for their interpretation and for the use of the information made available to them.