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 for the stock. 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 15.58 EUR, the stock is in the technical recovery phase towards its 50-day moving average located at 16.66: the price behavior 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 17.28 EUR and 17.73 EUR. The supports are at 15.28 EUR then at 14.83 EUR
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Price as of 10/30 | 16.45 |
| Basic trend | Bearish | MM20 | 15.95 |
| Bracket 1 | 15.28 | MM50 | 16.66 |
| Bracket 2 | 14.83 | ROI | 56.86 |
| Resistance 1 | 17.28 | MACD | – 0.16 |
| Resistance 2 | 17.73 | Stochastic | 67.35 |
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