Synthesis
The MACD is negative and below its signal line. This configuration degrades the outlook for the index. The RSI does not indicate an oversold yet so further decline is technically possible. Stochastic indicators do not give clear signals for the days ahead. The volumes traded are lower than the average volume over the last 10 days.
Movements and Levels
After a high at 34589.77 PTS, the index is correcting towards the 50-day moving average at 32884.84: the behavior of prices at this level will allow us to consider the continuation of the movement in the medium term. The first buy points (or short-term supports) are at 31556.33 PTS and 31019.45 PTS. Resistances are at 34777.61 PTS and 35314.49 PTS
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Negative | Price on 23/12 | 33,027.49 |
| Background trend | Bullish | MM20 | 33,703.85 |
| Bracket 1 | 31,556.33 | MM50 | 32,884.84 |
| Bracket 2 | 31,019.45 | ROI | 45.84 |
| Resistance 1 | 34,777.61 | MACD | – 13.56 |
| Resistance 2 | 35,314.49 | Stochastic | 23.70 |
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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 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.