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. In addition, the stochastics are very high, which confirms the risks in the event of a sharp reversal. The volumes traded are higher 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 7074.86 PTS, then at 6938.1 PTS and resistance is at 7621.9 PTS, then at 7758.66 PTS
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Price as of 06/01 | 7 376.37 |
| Underlying trend | Positive | MM20 | 7,074.86 |
| Support 1 | 7,074.86 | MM50 | 7,016.09 |
| Support 2 | 6,938.10 | RSI | 70.61 |
| Resistance 1 | 7 621.90 | MACD | 92.10 |
| Resistance 2 | 7 758.66 | Stochastic | 96.81 |
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Technical Analysis provided by TEC © 2022. 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.